Remote Monitored Systems PLC Exercise of Warrants (6831M)

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RNS Number : 6831M

Remote Monitored Systems PLC

25 January 2021

25 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.

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

Exercise of Warrants

Remote Monitored Systems plc ("RMS" or the "Company") has received notification to exercise 6,000,000 warrants at an exercise price of 0.5p each. The consideration received by the Company will be GBP30,000.

The 6,000,000 new Ordinary Shares ("Shares") arising from the exercise of these warrants will shortly be issued, and application has been made for them 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 29 January 2021.

Following Admission, the Company will have 2,013,270,231 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 2,013,270,231. A further 6,000,000 warrants and 53,603,512 options remain unexercised.

The above figure of 2,013,270,231 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.

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ENQUIRIES :

Remote Monitored Systems plc

Antony Legge (Chairman) [phone]

John Richardson (Executive Director)

SP Angel Corporate Finance LLP [phone]

Nominated Adviser and Joint Broker

Stuart Gledhill

Caroline Rowe

Peterhouse Capital Limited [phone]

Joint Broker

Lucy Williams

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January 25, 2021 02:00 ET (07:00 GMT)