Remote Monitored Systems Plc Acquires Cloudveil Limited

  • Sep 27, 2019 BST
  • Team Kalkine
  • Remote Monitored Systems Plc (RMS), as per its previously stated strategy to build upon its existing data analytics, remote monitoring and surveillance capabilities, has acquired Cloudveil Limited.
  • The acquisition which is expected to be cash neutral to the company is via a share exchange of new Ordinary Shares in the company based upon the 60-day weighted average share price up to 24th September 2019, and the consideration amounts to 22,241,231 new Ordinary Shares.
  • On 27th September 2019, at the time of writing, GMT 12:36 PM, RMS shares were trading at GBX 0.55, down by 0.025 points or 4.35 per cent against the previous day closing price.

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