RM2 International SA Issue of Shares to Directors (2899V)

TIDMRM2

RNS Number : 2899V

RM2 International SA

05 April 2019

5 April 2019

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 4 April 2019, it issued 887,200 new ordinary shares ("Fee Shares") with a nominal value of USD 0.01 per share ("Ordinary Shares") to the non-executive Directors of the Company in lieu of cash compensation for the period beginning 1 July 2018 and ending 30 June 2019 as set forth in the table below:

 
                                                Resulting holding of Ordinary 
 Director         Number of Fee Shares issued                          Shares 
 David Binks                           88,700                         149,750 
                 ----------------------------  ------------------------------ 
 Jan Dekker                           118,300                         145,500 
                 ----------------------------  ------------------------------ 
 Charles Duro                         118,300                         161,692 
                 ----------------------------  ------------------------------ 
 Andrew Geisse                         88,700                         149,750 
                 ----------------------------  ------------------------------ 
 R. Ian Molson 
  (1)                                 236,600                       2,448,500 
                 ----------------------------  ------------------------------ 
 Lord Rose                            118,300                         409,928 
                 ----------------------------  ------------------------------ 
 Paul Walsh                           118,300                         209,489 
                 ----------------------------  ------------------------------ 
 

(1) Includes Ordinary Shares held by associated family trusts

The Fee Shares have been issued at a price of 52.01 pence each, being the volume weighted average of the closing prices for the five trading days prior to and including 3 April 2019.

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 11 April 2019. Following the issue of the Fee Shares, the Company's issued share capital is comprised of 40,347,671 Ordinary Shares, of which 139,500 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 25,135,086. Shareholders may use this figure of 25,135,086 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:

 
 RM2 International S.A.                          [phone] 
 Kevin Mazula, Chief Executive Officer 
  Jean-Francois Blouvac, Chief Financial 
  Officer 
 
 Strand Hanson Limited (Nominated & Financial 
  Adviser and Broker)                            [phone] 
 James Spinney / Ritchie Balmer / James 
  Bellman 
 

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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April 05, 2019 05:15 ET (09:15 GMT)