19 April 2023

 

RM plc

 

Proposed sale of the RM Integris and RM Finance Business

 

Result of General Meeting

 

 

RM plc (LSE: RM) ("RM" or the "Company") announced on 28 November 2022 the proposed sale (the "Sale") of the RM Integris and RM Finance Business to The Key Support Services Limited.

 

On 31 March 2023, the Company published its shareholder circular (the "Circular") in connection with the Sale, including the Notice of General Meeting.

 

The Company is pleased to announce that the resolution proposed at the General Meeting of the Company, held earlier today, (the "Resolution") was duly passed as an ordinary resolution. Voting on the Resolution was conducted by way of a poll. The full text of the Resolution was included in the Notice of General Meeting.

 

The results of the poll votes in respect of the Resolution were as follows and will also be made available on the Company's website www.rmplc.com:

 

	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% OF ISC VOTED	VOTES WITHHELD
Resolution	68,665,180	99.99	7,500	0.01	68,672,680	81.88	922,878

 

Notes

1. Any proxy appointments which gave discretion to the Chair have been included in the "Total votes for" total.
2. A "Vote Withheld" is not a valid vote in English law and was not counted in the calculation of the proportion of the votes "For" or "Against" a resolution.
3. As at the date of the General Meeting the issued share capital of the Company (the "ISC") was 83,875,016 Ordinary Shares.

 

Accordingly, it is anticipated that the Sale will be completed on 31 May 2023. If this expected timeframe changes, the Company will give notice of the changes in an announcement through a regulatory information service.

 

A copy of the Resolution will today be submitted to the Financial Conduct Authority's National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

 

For more information, please contact:

 

Howard Rubenstein

Company Secretary

RM plc

Hrubenstein@rm.com

 

 

Important notice

 

This announcement is for information purposes only and does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in any jurisdiction and should not be relied upon in connection with any decision to subscribe for or acquire ordinary shares in the capital of the Company.  In particular, this announcement does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States.

This announcement has been issued by, and is the sole responsibility of, the Company. No person has been authorised to give any information or to make any representations other than those contained in this announcement and, if given or made, such information or representations must not be relied on as having been authorised by the Company.

This announcement may include statements that are, or may be deemed to be, "forward-looking statements".  These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will", "would" or "should" or, in each case, their negative or other variations or comparable terminology.  These forward-looking statements include matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the directors of the current Company's intentions, beliefs or expectations concerning, among other things, the Company's results of operations, financial condition, liquidity, prospects, growth, strategies and the Company's markets.  By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual results and developments could differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement are based on certain factors and assumptions, including the directors of the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's operations, results of operations, growth strategy and liquidity. Whilst the directors of the Company consider these assumptions to be reasonable based upon information currently available, they may prove to be incorrect. Save as required by applicable law or the Listing Rules of the Financial Conduct Authority or the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company undertakes no obligation to release publicly the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in the directors of the Company's expectations or to reflect events or circumstances after the date of this announcement.

Neither the content of the Company's website nor any website accessible by hyperlinks to the Company's website is incorporated in, or forms part of, this announcement.

All references to time in this announcement are to London time unless otherwise stated.

Capitalised terms used in the Circular shall have the same meanings in this announcement.