Remote Monitored Systems plc (LON:RMS) has today announced that it has entered into an exclusivity arrangement and agreed outline non-binding heads of terms in respect of a potential acquisition of a company that operates in the fast growing medtech and biosecurity sectors.
The consideration for the proposed acquisition, should it proceed, is expected to be satisfied by the issue of new Ordinary Shares in the Company. The acquisition is subject, inter alia, to the completion of mutual due diligence by both parties and there can be no certainty that a transaction will proceed
Further announcements from Remote Monitored Systems will be made in due course.
