RM2 International SA Issue of Shares to Directors and Employees (7451L)
29 December 2018 - 1:00AM
UK Regulatory
TIDMRM2
RNS Number : 7451L
RM2 International SA
28 December 2018
28 December 2018
RM2 International S.A.
Issue of Shares to Directors and Employees
RM2 International S.A. ("RM2" or the "Company"), the sustainable
smart pallet innovator, announces that on 28 December 2018, it has
awarded a total of 2,131,100 ordinary shares with a nominal value
of USD 0.01 per share ("Ordinary Shares") (the "Award") to certain
directors and employees of the Company. The Award is comprised of
the issuance of 2,116,400 new Ordinary Shares (the "New Shares")
and the allocation of 14,700 existing Ordinary Shares held in
treasury.
The new Ordinary Shares issued to non-executive directors, David
Binks and Andrew Geisse, are not restricted. The new Ordinary
Shares issued to Kevin Mazula and the other employees vest in three
equal annual instalments on the later of the anniversary date of
the Award and the Company's share price having attained GBP1.37 per
share.
The New Shares awarded to the directors are detailed below:
Resulting holding following
the issue of all Ordinary
Shares subject to the
Director Number of Shares issued Award
David Binks 61,050 61,050
------------------------ ----------------------------
Andrew Geisse 61,050 61,050
------------------------ ----------------------------
Kevin Mazula 750,000* 788,146**
------------------------ ----------------------------
*restricted shares subject to vesting conditions.
**of which 38,146 are owned by Mr Mazula prior to the Award.
Total Voting Rights
Application has been made for the New Shares to be admitted to
trading on AIM, which is expected to become effective on or around
4 January 2019. Following the issue of the New Shares, the
Company's issued share capital is comprised of 39,460,471 Ordinary
Shares. The Company holds no further shares as Treasury Shares.
The total number of voting rights in the Company is calculated
as the number of outstanding Ordinary Shares less the Ordinary
Shares not able to be voted on due to restrictions applicable to
certain holders as specified in the Company's Articles of
Association, which results in a total voting rights figure of
24,172,474. Shareholders may use this figure of 24,172,474 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.
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
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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