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.
Student gave her sister s details to police after she was arrested for drink-driving
The lie was discovered when police stopped the same car
15:52, 23 DEC 2020
Updated
A view of Derby Road in Nottingham City Centre. (Image: Joseph Raynor/ Nottingham Post)
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