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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nanosynth Group Plc | LSE:NNN | London | Ordinary Share | GB00BFX0ZN92 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.092 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRMS
RNS Number : 5346M
Remote Monitored Systems PLC
22 January 2021
22 January 2021
Remote Monitored Systems plc ("RMS" or the "Company")
Share Option Grant update
On 10 November 2020, the Company announced that it had granted a total of 77,603,512 options ("Options") over ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") under its existing share incentive scheme (the "Option Grant"). 38,801,756 Options were granted to each of Trevor Brown and Paul Ryan, Executive Director and Non-Executive Chairman of the Company at the time respectively. This Option Grant represented options over approximately 5 per cent. of the Company's total issued share capital at that time.
The Options have an exercise price of 1.40p per share (being the closing mid-market share price on 9 November 2020, the day immediately prior to the award), vested immediately, and are exercisable for a period of 5 years from the date of grant.
Notwithstanding that the grant of the Options was in accordance with the Company's existing share incentive scheme as set out in the Company's AIM Admission Document, the grant of the Options is now considered to be a related party transaction in accordance with Rule 13 of the AIM Rules for Companies. Accordingly John Richardson, the Director independent of the Option Grant at the time of the award, having consulted with the Company's nominated adviser, SP Angel Corporate Finance LLP, considers that the terms of the Option Grant were fair and reasonable insofar as the Company's shareholders are concerned.
- ENDS -
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
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END
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(END) Dow Jones Newswires
January 22, 2021 02:00 ET (07:00 GMT)
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