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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 : 7451L
RM2 International SA
28 December 2018
28 December 2018
RM2 International S.A.
Issue of Shares to Directors and Employees
RM2 International S.A. ("RM2" or the "Company"), the sustainable smart pallet innovator, announces that on 28 December 2018, it has awarded a total of 2,131,100 ordinary shares with a nominal value of USD 0.01 per share ("Ordinary Shares") (the "Award") to certain directors and employees of the Company. The Award is comprised of the issuance of 2,116,400 new Ordinary Shares (the "New Shares") and the allocation of 14,700 existing Ordinary Shares held in treasury.
The new Ordinary Shares issued to non-executive directors, David Binks and Andrew Geisse, are not restricted. The new Ordinary Shares issued to Kevin Mazula and the other employees vest in three equal annual instalments on the later of the anniversary date of the Award and the Company's share price having attained GBP1.37 per share.
The New Shares awarded to the directors are detailed below:
Resulting holding following the issue of all Ordinary Shares subject to the Director Number of Shares issued Award David Binks 61,050 61,050 ------------------------ ---------------------------- Andrew Geisse 61,050 61,050 ------------------------ ---------------------------- Kevin Mazula 750,000* 788,146** ------------------------ ----------------------------
*restricted shares subject to vesting conditions.
**of which 38,146 are owned by Mr Mazula prior to the Award.
Total Voting Rights
Application has been made for the New Shares to be admitted to trading on AIM, which is expected to become effective on or around 4 January 2019. Following the issue of the New Shares, the Company's issued share capital is comprised of 39,460,471 Ordinary Shares. The Company holds no further shares as Treasury Shares.
The total number of voting rights in the Company is calculated as the number of outstanding Ordinary 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 24,172,474. Shareholders may use this figure of 24,172,474 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. +44 (0)20 7638 9571 Kevin Mazula, Chief Executive Officer Jean-Francois Blouvac, Chief Financial Officer Strand Hanson Limited (Nominated & Financial Adviser and Broker) +44 (0)20 7409 3494 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 rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
December 28, 2018 09:00 ET (14:00 GMT)
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