RM2 International SA Director/PDMR Shareholding (7934J)
June 17 2014 - 3:58AM
UK Regulatory
TIDMRM2
RNS Number : 7934J
RM2 International SA
17 June 2014
RM2 International S.A.
Director / PDMR Shareholding and
Issue of Equity
RM2 International S.A. ("RM2" or the "Company"), the
vertically-integrated innovator in pallet development, manufacture,
supply and management, confirms that it was notified on 16 June
2014 of dealings in the ordinary shares of $0.01 each in the
Company (the "Ordinary Shares") on that date by certain of its
non-executive directors.
Paul Walsh, a Non-Executive Director of RM2, acquired 100,000
Ordinary Shares at a price of 54 pence per Ordinary Share.
Following this transaction, Mr Walsh is interested in a total of
1,539,091 Ordinary Shares, representing approximately 0.48 per
cent. of the existing issued share capital of the Company following
the issue of shares referred to below.
The Swiftsure Trust, a discretionary trust of which the
principal beneficiaries are the children of Ian Molson, Chairman of
RM2, acquired 500,000 Ordinary Shares at a price of 50.81 pence per
Ordinary Share. Following this transaction, Mr Molson is interested
in a total of 7,500,000 Ordinary Shares, representing approximately
2.33 per cent. of the existing issued share capital of the Company
following the issue of shares referred to below.
In addition, the Company confirms that it has issued a total of
2,317,000 Ordinary Shares (the "New Ordinary Shares") to certain
employees as part of equity incentive arrangements.
Application has been made to the London Stock Exchange for the
New Ordinary Shares, which will rank pari passu with the Company's
existing Ordinary Shares, to be admitted to trading on AIM, and
admission is expected to become effective on 23 June 2014.
Following admission of the New Ordinary Shares, the Company will
have 321,777,156 Ordinary Shares outstanding. The figure of
321,777,156 Ordinary Shares 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 Services Authority's
Disclosure and Transparency Rules.
1,000,000 of the New Ordinary Shares are subject to the lock-in
arrangements detailed in paragraph 6.2 of Part VII of the Admission
Document dated 17 December 2013 and the remaining 1,317,000 New
Ordinary Shares may not be disposed of in any manner prior to the
third anniversary of their issuance date.
For further information please contact:
RM2 International S.A. +44 (0)20 8820 1412
John Walsh, Chief Executive Officer
Ash Mohindra, Chief Financial Officer
Ruari McGirr, Strategic Development and
Investor Relations
Cenkos Securities plc +44 (0)20 7397 8900
Neil McDonald
Alan Stewart
Beth McKiernan
Citigate Dewe Rogerson +44 (0)20 7638 9571
Simon Rigby
Kevin Smith
Lindsay Noton
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
RDSGRGDLLUBBGSR
Rm2 (LSE:RM2)
Historical Stock Chart
From Jun 2024 to Jul 2024
Rm2 (LSE:RM2)
Historical Stock Chart
From Jul 2023 to Jul 2024