RM2 International SA Award of Restricted Shares and Options (6940K)
July 11 2017 - 3:23AM
UK Regulatory
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
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