Founded in 2007, RM2 is a vertically-integrated innovator in pallet development, manufacture, supply and management. Recognising that there are significant costs and drawbacks associated with traditional pallets, RM2 has established a disruptive presence in global pallet supply and aims to improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets.

RM2 has designed and manufactured the BLOCKPal™ pallet, a multi-trip, heavy duty composite pallet that is suitable for use in both automated and manual areas of the supply chain where there are high levels of movements. The composite material and the associated manufacturing process is designed to bring qualities of strength, durability, flexibility and scale of production as well as other benefits. The BLOCKPal™ pallet has been independently tested by leading institutions and has been shown regularly to outperform comparable products and industry standards.

RM2 aims to change the way its customers look at pallets from a consumable to an asset that can generate significant accretive profit margin. To do this, we align ourselves with potential customers – typically large manufacturing, distribution and retail businesses – to provide an integrated solution to their pallet and pallet movement needs, whilst interacting with other logistics partners, as necessary. RM2’s products have been developed in consultation with these customers and are designed to provide receivers of goods with greater visibility over costs and the ability to reduce the direct and indirect costs associated with inbound goods movements.

RM2 can supply its pallets and the associated services on a rental basis to closed loops or by outright sale and its production method is versatile enough to easily supply standard or bespoke pallets.


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Result of EGM
RNS
RNS Number : 1612K
RM2 International SA
11 December 2018

11 December 2018
RM2 International S.A.
("RM2" or the "Company")

Result of EGM

RM2 (LSE-AIM: RM2), the sustainable smart pallet innovator, confirms that all of the resolutions put to Shareholders at the Company's Extraordinary General Meeting of Shareholders held today were duly passed.

As a result, the Company will proceed the Restructuring, which will result in the share capital of the Company being reduced from 5,001,781,964 Old Ordinary Shares to 25,008,909 Ordinary Shares.

Application has been made to the London Stock Exchange for the admission of the 25,008,909 Ordinary Shares issued pursuant to the Restructuring to trading on AIM ("Admission") and Admission and dealings are expected to commence from 8.00 a.m. tomorrow. The Restructuring Record Date is 5.00 p.m. today.

The Placing will proceed as soon as the transfers for the subscription funds from the participants are complete, which is expected to take place tomorrow, 12 December 2018, at which time a further announcement will be made to confirm completion of the Placing and to provide a total voting rights update.

From 8.00 a.m. on 12 December 2018, the Ordinary Shares will trade under the ISIN Code - LU1914372336.

The definitions used in this announcement can be found in the Company's circular dated 26 November 2018, which is available to view on the Company's website www.rm2.com.