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Update on Fundraising and response to announcements from Dr. Cave The board of directors of Remote Monitored Systems plc ( Board ), is pleased to provide the following update in respect of the placing raising gross proceeds of £5m announced on 18 December 2020 (the Placing ), potential additions to the Company s board and the recent actions of Dr Cave (a substantial shareholder in the Company and a director of P2F). The Placing The Board considers the Placing to be in the best interests of shareholders and the proceeds raised will allow the Company to meet its immediate working capital requirements and also accelerate projects to allow it to exploit the full potential of the Company s technologies. The Board notes concerns raised about the scale of the fundraising and provides some further background as set out below.
BlackRock Throgmorton Trust appoints Dr Nigel Burton as a non-executive Director 7:25 am
BlackRock Throgmorton Trust plc (LON:THRG) has announced the appointment of Dr Nigel Burton as a non-executive Director of the Company with effect from 21 December 2020. Dr Burton will also serve as a member of the Company’s Audit, Nomination & Management Engagement Committees.
To learn more about the trust please follow this link: blackrock.com/uk/thrg
Following over 14 years as an investment banker at leading City institutions including UBS Warburg and Deutsche Bank, including as the Managing Director responsible for the energy and utilities industries, Nigel spent 15 years as Chief Financial Officer or Chief Executive Officer of a number of private and public companies. Nigel is currently a Non-Executive Director of AIM listed companies Mobile Streams plc, eEnergy Group plc, DeepVerge plc and Digitalbox plc. He was formerly Chief Executive Officer of Nu-Oil and Gas plc
BlackRock Throgmorton Trust Plc - Directorate Change
PR Newswire
Change in Directorate
The Board of BlackRock Throgmorton Trust plc ( the Company ) is pleased to announce the appointment of Dr Nigel Burton as a non-executive Director of the Company with effect from 21 December 2020. Dr Burton will also serve as a member of the Company s Audit, Nomination & Management Engagement Committees.
Following over 14 years as an investment banker at leading City institutions including UBS Warburg and Deutsche Bank, including as the Managing Director responsible for the energy and utilities industries, Nigel spent 15 years as Chief Financial Officer or Chief Executive Officer of a number of private and public companies. Nigel is currently a Non-Executive Director of AIM listed companies Mobile Streams plc, eEnergy Group plc, DeepVerge plc and Digitalbox plc. He was formerly Chief Executive Officer of Nu-Oil and Gas plc, Non-Executive Chairman of Remote Monitored Systems plc and Corcel plc