Director Option Exercise and Total Voting Rights

RNS Number : 1419L
Remote Monitored Systems PLC
08 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.

8 January 2021

Remote Monitored Systems plc ("RMS" or the "Company")

Director Option Exercise and Total Voting Rights

The Company has been notified that Trevor Brown, Non-Executive Director of the Company, has further exercised share options representing 14,000,000 ordinary shares in the Company, at 1.4 pence per option ("Option Shares").

 

Following this exercise, Trevor Brown's shareholding in the Company will be 24,000,000 shares representing 1.20 % per cent. of the enlarged issued share capital and total voting rights of the Company.

 

This exercise is in addition to the 10,000,000 share options which were exercised on 7 January 2021 and was undertaken in two tranches given a limitation on the size of a single bank transfer.

 

Application has been made for the Option Shares 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 14 January 2021.

 

Following Admission, the Company will have 2,007,270,231 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 2,007,270,231.

 

The above figure of  2,007,270,231 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.

 

ENQUIRIES:

Remote Monitored Systems plc

John Richardson (Executive Director)         +44 7751 118916    

 

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

 

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Trevor Brown

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Non-Executive Director

 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Remote Monitored Systems plc

b)

 

LEI

 

213800VR2P5DDQHYZO48

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Identification code

 

Ordinary shares of 0.01 pence each    

 

GB00BFX0ZN92

b)

 

Nature of the transactions

 

Exercise of options

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

1.4p

 

Volume(s)

 

14,000,000

 

d)

 

Aggregated information

- Aggregated volume

- Price

- Principal amount

 

 

Single transactions as in 4 c) above    

e)

 

Dates of the transaction

 

8 January 2021




f)

Place of transaction

AIM

 

 

 

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