RM2 International SA Result of EGM (2848L)

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               [phone] 
 
 
 Strand Hanson Limited (Nominated 
  & Financial Adviser)               [phone] 
 James Spinney 
 Ritchie Balmer 
 James Bellman 
 
 
 Zeus Capital    [phone] 
 John Goold 
 
 
 Arden Partners            [phone] 
 Ruari McGirr 
 Chris Hardie 
 
 Citigate Dewe Rogerson 
  Simon Rigby 
  Ellen Wilton             [phone] 
 
 

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

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July 17, 2017 10:14 ET (14:14 GMT)