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RM2 Rm2 International S.a.

8.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

RM2 International SA Award of Restricted Shares and Options (6940K)

11/07/2017 8:23am

UK Regulatory


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TIDMRM2

RNS Number : 6940K

RM2 International SA

11 July 2017

11 July 2017

RM2 International S.A.

("RM2" or the "Company")

Award of Restricted Shares and Options to New CEO and management

RM2 International S.A., the sustainable composite pallet innovator, announces the award of restricted ordinary shares of USD0.01 each ("Ordinary Shares") to its executive directors and options over its Ordinary Shares under its 2013 Stock Option and Incentive Plan to its new CEO on July 6, 2017. The options have an exercise price of 13.8p, being the volume weighted average mid-market closing share price over the five trading days from 29 June to 5 July 2017 inclusive (the "Options"). The Options will vest and the restricted shares will become freely tradeable on the earlier of (i) the third anniversary of their grant date or (ii) the change of control or takeover of the Company by a third-party. The Options will not be exercisable and the restricted Ordinary Shares will be restricted from sale until such time as the volume-weighted average quoted share price equals or exceeds for thirty days the lower of (i) 50p or (ii) 2.5 times the offering price of an Ordinary Share placement (the "Vesting Conditions"). A further 2,000,000 restricted Ordinary Shares with the same Vesting Conditions were awarded to a key employee.

The number of equity awards for the Executive Directors are set out below:

 
 Name of Executive Director   Award 
                              Restricted Shares  Options 
Jasper Judd, CEO              2,500,000          10,000,000 
Jeff Blouvac, CFO             1,500,000 
 

Separately, 19,000 restricted Ordinary Shares issued under the 2013 Stock Option and Incentive Plan were forfeited following the departure of an employee, which will now be held as non-voting treasury stock.

Admission to trading

Application has been made to the London Stock Exchange for the admission to trading on AIM of the 6,000,000 newly issued restricted Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue (the "Restricted Shares"). Admission of the Restricted Shares is expected to become effective on 17 July 2017 ("Admission").

Following Admission, the Company's issued share capital will be composed of 407,062,656 Ordinary Shares and 88,499,998 Convertible Preferred Shares of US$0.01 each in the capital of the Company, of which 416,334 Ordinary Shares are held by the Company as non-voting treasury stock. The total number of voting rights in the Company is 495,146,320. This figure of 495,146,320 may be used by shareholders 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.

The Ordinary Shares are listed on the AIM Market of the London Stock Exchange.

For further information, please contact:

 
                                     +44 (0)20 7638 
 RM2 International S.A.               9571 
 Jasper Judd, 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                                 5000 
 John Goold 
 
                                     +44 (0)20 7614 
 Arden Partners                       5928 
 Ruari McGirr 
  Chris Hardie 
 
                                     +44 (0)20 7638 
 Citigate Dewe Rogerson               9571 
 Simon Rigby 
  Ellen Wilton 
 

PDMR Notification Forms:

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------ 
 a)   Name                             Jasper Judd 
---  -------------------------------  --------------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------------ 
 a)   Position/status                  Chief Executive Officer 
---  -------------------------------  --------------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  --------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------------ 
 a)   Name                             RM2 International S.A. 
---  -------------------------------  --------------------------------- 
 b)   LEI                              2138006GGXWNLZQ48533 
---  -------------------------------  --------------------------------- 
 4.   Details of the transaction(s):section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; 
       and (iv)each place where transactions have 
       been conducted 
---  ------------------------------------------------------------------ 
 a)   Description of the               Restricted Ordinary Shares 
       Financial instrument,            of USD0.01 in the Company 
       type of instrument 
---  -------------------------------  --------------------------------- 
      Identification code              LU0994178464 
---  -------------------------------  --------------------------------- 
 b)   Nature of the Transaction        Receipt of Restricted Shares 
---  -------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                        ---------  ---------- 
                                         $0.01      2,500,000 
                                        ---------  ---------- 
---  -------------------------------  --------------------------------- 
 d)   Aggregated information           N/A (Single transaction) 
       Aggregated volume                $25,000 
        Price 
---  -------------------------------  --------------------------------- 
 e)   Date of the transaction          06 July 2017 
---  -------------------------------  --------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  --------------------------------- 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------ 
 a)   Name                             Jasper Judd 
---  -------------------------------  --------------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------------ 
 a)   Position/status                  Chief Executive Officer 
---  -------------------------------  --------------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  --------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------------ 
 a)   Name                             RM2 International S.A. 
---  -------------------------------  --------------------------------- 
 b)   LEI                              2138006GGXWNLZQ48533 
---  -------------------------------  --------------------------------- 
 4.   Details of the transaction(s):section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; 
       and (iv)each place where transactions have 
       been conducted 
---  ------------------------------------------------------------------ 
 a)   Description of the               Options over Ordinary Shares 
       Financial instrument,            of USD0.01 in the Company 
       type of instrument 
---  -------------------------------  --------------------------------- 
      Identification code              LU0994178464 
---  -------------------------------  --------------------------------- 
 b)   Nature of the Transaction        Receipt of options over Ordinary 
                                        Shares 
---  -------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                        ----------  ----------- 
                                         GBP0.138    10,000,000 
                                        ----------  ----------- 
---  -------------------------------  --------------------------------- 
 d)   Aggregated information           N/A (Single transaction) 
       Aggregated volume 
       Price 
---  -------------------------------  --------------------------------- 
 e)   Date of the transaction          06 July 2017 
---  -------------------------------  --------------------------------- 
 f)   Place of the transaction         N.A. 
---  -------------------------------  --------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Jean François Blouvac 
---  -------------------------------  ------------------------------- 
 2.   Reason for the Notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
---  -------------------------------  ------------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ---------------------------------------------------------------- 
 a)   Name                             RM2 International S.A. 
---  -------------------------------  ------------------------------- 
 b)   LEI                              2138006GGXWNLZQ48533 
---  -------------------------------  ------------------------------- 
 4.   Details of the transaction(s):section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; 
       and (iv)each place where transactions have 
       been conducted 
---  ---------------------------------------------------------------- 
 a)   Description of the               Restricted Ordinary Shares 
       Financial instrument,            of USD0.01 in the Company 
       type of instrument 
---  -------------------------------  ------------------------------- 
      Identification code              LU0994178464 
---  -------------------------------  ------------------------------- 
 b)   Nature of the Transaction        Receipt of Restricted Ordinary 
                                        Shares 
---  -------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                        ---------  ---------- 
                                         $0.01      1,500,000 
                                        ---------  ---------- 
---  -------------------------------  ------------------------------- 
 d)   Aggregated information           N/A (Single transaction) 
       Aggregated volume                $15,000 
        Price 
---  -------------------------------  ------------------------------- 
 e)   Date of the transaction          06 July 2017 
---  -------------------------------  ------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Elizabeth Pauchet 
---  -------------------------------  ------------------------------- 
 2.   Reason for the Notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                  General Counsel 
---  -------------------------------  ------------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ---------------------------------------------------------------- 
 a)   Name                             RM2 International S.A. 
---  -------------------------------  ------------------------------- 
 b)   LEI                              2138006GGXWNLZQ48533 
---  -------------------------------  ------------------------------- 
 4.   Details of the transaction(s):section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; 
       and (iv)each place where transactions have 
       been conducted 
---  ---------------------------------------------------------------- 
 a)   Description of the               Restricted Ordinary Shares 
       Financial instrument,            of USD0.01 in the Company 
       type of instrument 
---  -------------------------------  ------------------------------- 
      Identification code              LU0994178464 
---  -------------------------------  ------------------------------- 
 b)   Nature of the Transaction        Receipt of Restricted Ordinary 
                                        Shares 
---  -------------------------------  ------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                        ---------  ---------- 
                                         $0.01      2,000,000 
                                        ---------  ---------- 
---  -------------------------------  ------------------------------- 
 d)   Aggregated information           N/A (Single transaction) 
       Aggregated volume                $20,000 
        Price 
---  -------------------------------  ------------------------------- 
 e)   Date of the transaction          06 July 2017 
---  -------------------------------  ------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHGGUPPMUPMUMG

(END) Dow Jones Newswires

July 11, 2017 03:23 ET (07:23 GMT)

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