Remote Monitored Systems PLC Notice of AGM & GM and Trading Update (2074G)
23 July 2021 - 4:00PM
UK Regulatory
TIDMRMS
RNS Number : 2074G
Remote Monitored Systems PLC
23 July 2021
23 July 2021
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement via Regulatory
Information Service ('RIS'), this inside is now considered to be in
the public domain.
Remote Monitored Systems plc
("RMS" or the "Company")
Notice of 2021 Annual General Meeting ("AGM") and of General
Meeting ("GM")
Trading Update for H1 2021
Notice of AGM and GM
The Company announces that, further to the announcement on 17
June 2021, it has posted to shareholders the notices of the 2021
AGM and GM which will both be held on 17 August 2021 at the Crowne
Plaza Hotel, Wollaton St, Nottingham NG1 5RH. The 2021 AGM will be
held at 11.30 a.m. with the GM immediately beforehand at 11.00 a.m.
As announced on 9 June 2021, the Company has called the GM to
consider the transfer of its shares in Gyrometric Systems Ltd.
Special business for shareholders to consider at the AGM will be
to change the name of the Company to nanosynth group plc in line
with its proposed rebranding strategy, and adoption of an
enterprise management incentive scheme which the Company believes
to be a tax efficient means of attracting and incentivising
talented management which is key as the search for a CEO
continues.
Both documents, along with the proxy voting forms, are available
on the Company's website under the Documents & Circulars
section:
www.remotemonitoredsystems.com/investor-relations/documents/
Trading Update
Marketing of the Pro-Larva face mask has improved, with
additional support now being provided to distribution partners in
the UK, Europe and India, and the Pro-Larva brand has been
successfully trademarked in the UK, which should assist with the
sales efforts of Francis MacIntyre Limited ("FML") and potentially
lead to further orders following FML's initial order of 100k masks
announced in March 2021. As recently reported, sales have not been
significant to date, however encouraging conversations are on-going
with potential partners around the world and the Board remains
confident that sales will grow in the second half of 2021. Despite
the global vaccine roll out and the lifting of certain
restrictions, it is clear that masks continue to have a role in
reducing general infection risk, with nearly two thirds of people
in the UK expressing a desire to continue to wear masks.
Whilst sales of the Pro-Larva mask remain a key priority, the
Group is increasing its focus on developing the portfolio of new
products. As previously stated, the Board is committed to building
up the research and development side of the business as it believes
that the ability to commercialise the intellectual property within
the business is what will underpin shareholder value.
- ENDS -
ENQUIRIES :
Remote Monitored Systems plc via IFC Advisory
Antony Legge (Executive Chairman)
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
IFC Advisory Ltd +44 20 3934 6630
Graham Herring
Zach Cohen
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END
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