RM2 International SA Manufacturing operations update (6620M)
01 May 2018 - 4:00PM
UK Regulatory
TIDMRM2
RNS Number : 6620M
RM2 International SA
01 May 2018
1 May 2018
RM2 International S.A.
Manufacturing operations update
RM2 International S.A. ("RM2" or the "Company"), the sustainable
smart pallet innovator, announces that, following the
previously-disclosed winding down of its Canadian manufacturing
operations which began in 2016, it has now filed in the Province of
Ontario, Canada for the voluntary liquidation of its indirect
wholly-owned subsidiary, 7636156 Canada, Inc.
This entity formerly ran the Company's Canadian manufacturing
operations. The Company continues its review of opportunities to
improve operational efficiency and reduce operating costs,
including re-negotiating its footprint in China.
These measures are intended to help achieve the Company's
forecast of generating positive EBITDA in 2019.
For further information:
RM2 International S.A. +44 (0)20 7638 9571
Kevin Mazula, Chief Executive Officer
Jean-Francois Blouvac, Chief Financial
Officer
Strand Hanson Limited (Nominated & Financial
Adviser and Broker) +44 (0)20 7409 3494
James Spinney / Ritchie Balmer / James
Bellman
Citigate Dewe Rogerson (Financial PR) +44 (0)20 7638 9571
Simon Rigby / Ellen Wilton
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").
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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