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Post-transaction report - RM PLC

Pre-Emption Group Notification, 17 October 2025

Topic Details
Name of issuer RM plc (the "Company")
Transaction details Singer Capital Markets acted as sole bookrunner and sole broker in connection with the Placing. In aggregate, the Placing of 14,210,527 ordinary shares represented approximately 16.9% of the Company's issued ordinary share capital. Settlement for the Placing Shares and Admission took place on 14 October 2025.
Use of proceeds The net proceeds of the Placing will be used to: (1) strengthen RM's accreditation platform, RM Ava, and accelerate its development, enabling growth and bolstering the competitive position of the core RM Assessment division through capital investment; (2) invest in RM Assessment's sales and marketing capability to help achieve the Company's growth ambitions; (3) complete the separation work required to facilitate disposals of non-core assets and enable future cost savings; and (4) for general working capital purposes and balance sheet flexibility.
Quantum of proceeds In aggregate, the Placing has raised gross proceeds of approximately £13.5 million and net proceeds of approximately £12.7 million.
Discount The Placing Price of 95 pence represents a discount of 5 per cent to the closing mid-market price of 100 pence per Ordinary Share on 9 October 2025, being the latest practicable date prior to the publication of the Launch Announcement.
Allocations Soft pre-emption has been adhered to in the allocation process, where possible, in respect of those shareholders who were consulted in advance of the announcement of the Placing. Allocations made outside of soft pre-emption were preferentially allocated towards existing shareholders in excess of their pro rata interests. In aggregate, over 95% of the Placing Shares were allocated to existing shareholders. The allocation process was proposed by Singer Capital Markets as sole bookrunner in line with their own allocation policy (as required under relevant regulations), which was discussed with and approved by management and the Board.
Consultation The Company undertook a pre-launch wall-crossing process, including consultation with major shareholders, to the extent reasonably practicable and permitted by law.
Retail investors Due consideration was given by the Board as to whether a retail offer be undertaken. In view of the Placing having received strong demand, being significantly oversubscribed and without a material discount, a decision was made to not undertake a retail offer.

File

Name Post-transaction report - RM PLC
Publication date 21 October 2025
Type Report
Format PDF, 49.8 KB
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