RM2 International SA Result of EGM (2848L)
18 July 2017 - 12:14AM
UK Regulatory
TIDMRM2
RNS Number : 2848L
RM2 International SA
17 July 2017
17 July 2017
RM2 International S.A.
Result of EGM - All Resolutions Passed
RM2 International S.A. ("RM2" or the "Company"), the
vertically-integrated pallet innovator, confirms that all of the
resolutions put to shareholders at the Company's Extraordinary
General Meeting of Shareholders held today were duly passed.
Total Voting Rights
Accordingly, the issue of the remaining 46,315,773 Class B
convertible preferred shares of US$0.01 each in the Company
("Convertible Preferred Shares") pursuant to the announcement on 30
June 2017 has been authorised.
Of the total number of Convertible Preferred Shares to be
issued, 17,017,110 Convertible Preferred Shares have been issued
today and the remaining 29,298,663 Convertible Preferred Shares are
expected to be issued on 20 July 2017, following receipt of funds
from subscribers settling on a T+3 basis and in accordance with
Luxembourg law, which requires full receipt of funds prior to
issuance of shares.
Following these issuances, on 20 July 2017, the Company's issued
share capital will be comprised of 407,062,656 ordinary shares of
US$0.01 each in the Company ("Ordinary Shares") and 134,815,771
Convertible Preferred Shares, of which 416,334 Ordinary Shares are
held by the Company as non-voting treasury stock.
The total number of voting rights in the Company is therefore
541,462,093. Shareholders may use this figure of 541,462,093 as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or change their
interest in, the Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.
Following completion of the subscriptions, Woodford Investment
Management LLP ("WIM") holds a total of 112,754,011 Ordinary Shares
and 71,626,705 Convertible Preferred Shares, representing, in
aggregate, a holding of 34.1 per cent. of the Company's issued
share capital.
For further information, please contact:
RM2 International S.A.
Jasper Judd, Chief Executive
Officer
Jean-Francois Blouvac, Chief
Financial Officer +44 (0)20 8820 1412
Strand Hanson Limited (Nominated
& Financial Adviser) +44 (0) 20 7409 3494
James Spinney
Ritchie Balmer
James Bellman
Zeus Capital +44 (0)20 3829 5000
John Goold
Arden Partners +44 (0)20 7614 5928
Ruari McGirr
Chris Hardie
Citigate Dewe Rogerson
Simon Rigby
Ellen Wilton +44 (0)20 7638 9571
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
END
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