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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 : 8054L
RM2 International SA
23 April 2018
23 April 2018
RM2 International S.A.
Issue of Shares to Directors
RM2 International S.A. ("RM2" or the "Company"), the sustainable smart pallet innovator, announces that on 20 April 2018, it issued 15,900,000 new ordinary shares ("Fee Shares") with a nominal value of USD 0.01 per share ("Ordinary Shares") to certain non-executive Directors of the Company in lieu of cash compensation for the period H2 2017 - H1 2018 (beginning 1 July 2017 and ending 30 June 2018) as set forth in the table below:
Number of Fee Shares Resulting holding Director issued of Ordinary Shares --------------- ---------------------- -------------------- Jan Dekker 2,650,000 5,440,000 --------------- ---------------------- -------------------- Charles Duro 2,650,000 5,038,064 --------------- ---------------------- -------------------- R. Ian Molson 5,300,000 295,860,083 --------------- ---------------------- -------------------- Stuart Rose 2,650,000 21,695,634 --------------- ---------------------- -------------------- Paul Walsh 2,650,000 9,080,500 --------------- ---------------------- --------------------
The Fee Shares have been issued at a price of 1.685 pence each, being the average of the closing prices for the five trading days prior to and including 17 April 2018.
In addition, the Remuneration Committee has decided to remove restrictions, with immediate effect, related to the attainment of share price thresholds previously applied with respect to the free disposition of restricted shares. This removal of restriction applies to 22,157,680 Ordinary Shares.
Total Voting Rights
Application has been made for the Fee Shares to be admitted to trading on AIM, which is expected to become effective on or around 27 April 2018. Following the issue of the Fee Shares, the Company's issued share capital is comprised of 4,858,919,891 Ordinary Shares, of which 2,916,334 Ordinary Shares are held by the Company as non-voting treasury stock ("Treasury Shares").
The total number of voting rights in the Company is calculated as the number of outstanding Ordinary Shares, less the Treasury Shares, less the Ordinary Shares not able to be voted on due to restrictions applicable to certain holders as specified in the Company's Articles of Association, which results in a total voting rights figure of 3,256,911,918. Shareholders may use this figure of 3,256,911,918 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.
For further information:
+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 and Broker) 3494 James Spinney / Ritchie Balmer / James Bellman Citigate Dewe Rogerson (Financial +44 (0)20 7638 PR) 9571 Simon Rigby / Ellen Wilton
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
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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(END) Dow Jones Newswires
April 23, 2018 07:55 ET (11:55 GMT)
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