Remote Monitored Systems hopes general meeting draws line under past

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Remote Monitored Systems plc (LON:RMS) chairman Antony Legge said the board hoped today’s shareholder vote can draw a line under the past.


None of the resolutions at the meeting were carried, two being to allow the issue of warrants over 420mln new ordinary shares and two being to allow the company to issue more shares.


RMS said while it still has ongoing power to issue up to 172mln shares, it has no plans at the current time to use this authority to raise further capital.


Legge said in a statement released after the vote: “The board has taken note of the depth of feeling amongst the company’s shareholders and hopes that with the defeat of these resolutions a line can be drawn under the past.


“The board is committed to improving shareholder communication, not least with the recent appointment of a specialist investor relations advisor and a new dedicated email address ([email protected]) for shareholders to ask questions.”


Shares in the AIM-listed company, which have rocketed on its development of an anti-viral facemask, rose 9% to 2.94p on Friday afternoon.

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