RM2 International SA Issuance of Convertible Preferred Shares (7089F)
July 29 2016 - 8:36AM
UK Regulatory
TIDMRM2
RNS Number : 7089F
RM2 International SA
29 July 2016
29 July 2016
RM2 International S.A.
Issuance of Convertible Preferred Shares
RM2 International S.A. ("RM2" or the "Company"), the
vertically-integrated innovator in pallet development, manufacture,
supply and management, today confirms that as announced on June 30,
2016 and pursuant to the authorization granted at the EGM held on
July 22, 2016, the Company issued 42,328,042 Convertible Preferred
Shares of $US0.01 in the capital of the Company at GBP0.35 per
share, raising $20 million. Shareholders also authorized the
issuance of additional Convertible Preferred Shares, enabling the
Company to raise up to a further $10 million should it so
elect.
RM2's issued share capital is composed of 400,305,156 Ordinary
Shares of US$0.01 each and 42,328,042 Convertible Preferred Shares
of $US0.01 in the capital of the Company, of which 342,334 Ordinary
Shares are held by the Company as non-voting treasury stock. The
total number of voting rights in the Company is 442,290,864. The
Ordinary Shares are listed on the AIM Market of the London Stock
Exchange. Application for listing the Convertible Preferred Shares
on AIM is expected to be made in due course.
For further information please contact:
+44 (0)20 8820
RM2 International S.A. 1412
John Walsh, Chief Executive
Officer
Jean-Francois Blouvac, Chief
Financial Officer
+44 (0)20 7653
RBC Capital Markets 4000
Tristan Lovegrove
Pierre Schreuder
Ema Jakasovic
+44 (0)20 7638
Citigate Dewe Rogerson 9571
Rob Newman
Ellen Wilton
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
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