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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 : 8360O
RM2 International SA
24 August 2017
24 August 2017
RM2 International S.A.
("RM2" or the "Company")
Board Appointment and Increase in Treasury Shares
RM2 International S.A., the sustainable composite pallet innovator, is pleased to announce that further to the Company's announcement on 3 August 2017, Chief Executive Officer, Kevin Mazula, has been appointed to the board of directors of the Company (the "Board"). Mr Mazula replaced Mr Judd as Chief Executive Officer.
As stated in the Company's announcement on 3 August 2017, Kevin was appointed as RM2's Chief Operating Officer in April 2016 (and then Chief Executive Officer on 2 August 2017) and has over 20 years of managerial experience, having successfully run and grown businesses in a range of industries and geographies. Most recently, he was Chief Commercial Officer at PRIMUS Technologies Corp, having previously served as a Senior Vice President of Xerox Corporation, where he led global productivity and cost competitiveness initiatives for the firm. Prior to that, he was Vice President of Global Business Units at Jabil Inc, a global manufacturing services company. Kevin started his career at General Electric with leadership roles in engineering, operations, and programme management. Kevin graduated with honours from the Wharton School where he earned his MBA in International Finance. As a Lauder Fellow, he was also awarded a MA in International Studies from the University of Pennsylvania. Kevin earned his BSc degree in Mechanical Engineering from the Massachusetts Institute of Technology.
Forfeiture of Restricted Shares, Increase in Treasury Shares and Total Voting Rights
The resignation of Mr Judd as Chief Executive Officer and from his position on the Board, led to Mr Judd forfeiting his right to the 2,500,000 restricted shares and 10,000,000 shares options in the Company that were awarded to him as announced on 11 July 2017.
Following this forfeiture, the Company's issued share capital is 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 2,916,334 Ordinary Shares are held by the Company as non-voting treasury stock.
The total number of voting rights in the Company is therefore 538,962,093. Shareholders may use this figure of 538,962,093 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.
Additional information on Mr Mazula
The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:
Kevin Curtis Mazula, aged 57, holds 4,500,000 options over Ordinary Shares. Mr Mazula has no other interest in the Company.
Mr Mazula has no current or past Directorships and Partnerships disclosable pursuant to Schedule 2(g) of the AIM Rules for Companies.
There is no further information required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.
For further information, please contact:
+44 (0) 20 7638 RM2 International S.A. 9571 Kevin Mazula, 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 (Broker) 5000 Hugh Kingsmill Moore Citigate Dewe Rogerson (Financial +44 (0) 20 7638 PR) 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
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August 24, 2017 02:00 ET (06:00 GMT)
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