Flash note: Development continues, funding announced
Following on from last week’s operational update, RM2 has announced H115 results and a conditional placing at 40p to raise up to £30m intended to fund the next stage of development. Manufacturing activity and the number of contracted customers continued to grow during the first half. We have withdrawn our estimates during the placing period.RM2 International is engaged in developing and selling shipping pallets and to provide related logistical services. Co. has designed and manufactured the BLOCKPal, a multi-trip pallet made of a glass fiber and resin composite, which is suitable for use in both automated and manual areas of the supply chain of sectors, such as fast moving consumer goods, food ingredients, pharmaceuticals and packaging. In addition, Co.'s pallet tracking and management software, the Track Asset, Control Spend (TACS) system offers customers services which can provide real time equipment balances throughout their supply chains.
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