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Issuance of Convertible Preferred Shares

29 Jul 2016 13:36

RNS Number : 7089F
RM2 International SA
29 July 2016
 

29 July 2016

 

RM2 International S.A.

 

Issuance of Convertible Preferred Shares

 

RM2 International S.A. ("RM2" or the "Company"), the vertically-integrated innovator in pallet development, manufacture, supply and management, today confirms that as announced on June 30, 2016 and pursuant to the authorization granted at the EGM held on July 22, 2016, the Company issued 42,328,042 Convertible Preferred Shares of $US0.01 in the capital of the Company at £0.35 per share, raising $20 million. Shareholders also authorized the issuance of additional Convertible Preferred Shares, enabling the Company to raise up to a further $10 million should it so elect.

 

RM2's issued share capital is composed of 400,305,156 Ordinary Shares of US$0.01 each and 42,328,042 Convertible Preferred Shares of $US0.01 in the capital of the Company, of which 342,334 Ordinary Shares are held by the Company as non-voting treasury stock. The total number of voting rights in the Company is 442,290,864. The Ordinary Shares are listed on the AIM Market of the London Stock Exchange. Application for listing the Convertible Preferred Shares on AIM is expected to be made in due course.

 

 

For further information please contact:

 

RM2 International S.A.

+44 (0)20 8820 1412

John Walsh, Chief Executive Officer

Jean-Francois Blouvac, Chief Financial Officer

RBC Capital Markets

+44 (0)20 7653 4000

Tristan Lovegrove

Pierre Schreuder

Ema Jakasovic

 

Citigate Dewe Rogerson

+44 (0)20 7638 9571

Rob Newman

Ellen Wilton

 

 

Notes to Editors

 

RM2 International S.A. specialises in pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets. It is quoted on the AIM market of the London Stock Exchange under the symbol RM2.L.

 

For further information, please visit www.rm2.com 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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