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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rm2 International S.a. | LSE:RM2 | London | Ordinary Share | LU1914372336 | ORD USD0.01 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRM2
RNS Number : 9132L
RM2 International SA
24 July 2017
24 July 2017
RM2 International S.A.
("RM2" or the "Company")
Proposed Equity Offering Update
RM2 International S.A., the sustainable composite pallet innovator, announced as part of its 2016 audited annual results, which were released on 30 June 2017, that it would undertake negotiations to arrange an additional financing, which was expected to amount to at least USD 65.0 million.
The Company announces today that following market soundings over the last two weeks, the Board has concluded that the best interests of the Company and its shareholders would not be served by completing the current proposed equity offering for an amount up to GBP60 million at this time. The Board continues to pursue various other financing alternatives, which may include the issuance of equity and/or debt instruments.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR"). In addition, prior to publication, certain information contained within this Announcement was deemed to constitute inside information for the purposes of Article 7 of MAR. Market soundings (as defined in MAR) were taken in respect of the possible equity offering with the result that certain persons became aware of inside information (as defined in MAR), as permitted by MAR. Due to the publication of this Announcement, those persons that received inside information in a market sounding are no longer in possession of such inside information relating to the Company and its securities.
For further information, please contact:
+44 (0)20 7638 RM2 International S.A. 9571 Jasper Judd, Chief Executive Officer Jean-Francois Blouvac, Chief Financial Officer Strand Hanson Limited (Nominated +44 (0) 20 7409 & Financial Adviser) 3494 James Spinney Ritchie Balmer James Bellman +44 (0)20 3829 Zeus 5000 John Goold +44 (0)20 7614 Arden Partners 5928 Ruari McGirr Chris Hardie +44 (0)20 7638 Citigate Dewe Rogerson 9571 Simon Rigby Ellen Wilton
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
IOEUSSURBBABUAR
(END) Dow Jones Newswires
July 24, 2017 08:49 ET (12:49 GMT)
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