Remote Monitored Systems PLC Exercise of Warrants (6831M)
25 January 2021 - 6:00PM
UK Regulatory
TIDMRMS
RNS Number : 6831M
Remote Monitored Systems PLC
25 January 2021
25 January 2021
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
Remote Monitored Systems plc ("RMS" or the "Company")
Exercise of Warrants
Remote Monitored Systems plc ("RMS" or the "Company") has
received notification to exercise 6,000,000 warrants at an exercise
price of 0.5p each. The consideration received by the Company will
be GBP30,000.
The 6,000,000 new Ordinary Shares ("Shares") arising from the
exercise of these warrants will shortly be issued, and application
has been made for them to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective
and dealings will commence at 8:00a.m. on or around 29 January
2021.
Following Admission, the Company will have 2,013,270,231
ordinary shares of 0.01p each in issue, none of which are held in
treasury. Therefore, the total number of voting rights in the
Company is 2,013,270,231. A further 6,000,000 warrants and
53,603,512 options remain unexercised.
The above figure of 2,013,270,231 may be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
- ENDS -
ENQUIRIES :
Remote Monitored Systems plc
Antony Legge (Chairman) +44 7394 489177
John Richardson (Executive Director)
SP Angel Corporate Finance LLP +44 20 3470 0470
Nominated Adviser and Joint Broker
Stuart Gledhill
Caroline Rowe
Peterhouse Capital Limited +44 20 7469 0930
Joint Broker
Lucy Williams
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END
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