APP.L Regulatory News (APP)

25 Sep 2007 17:27

AIM25 September 2007 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") COMPANY NAME:Park Group plc COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :Valley Road, Birkenhead, Merseyside, CH41 7ED COUNTRY OF INCORPORATION:Park Group plc COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:www.parkgroup.co.uk COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITSINVESTING STRATEGY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BESTATED:Park Group operates a Christmas savings business which sells shopping vouchers, hampers and gift products via itsnationwide network of agents. Customers pay in advance in weekly instalments with delivery of product takingplace immediately prior to Christmas. It also has a voucher business which sells its own high street giftvoucher, travel voucher and other retailer vouchers to corporate customers. The vouchers are used for staff andcustomer incentives, prizes and are sold to the credit industry. The Company's main country of operation is theUnited Kingdom DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. whereknown, number and type of shares, nominal value and issue price to which it seeks admission and the number andtype to be held as treasury shares):165,064,410 ordinary shares of 2 pence each. No restrictions on transfer of the ordinary shares. CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:No additional capital will be raised on admission. Anticipated market capitalisation on admission is £30 million. PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:67.32 per cent. of total issued share capital not in public hands at admission. DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THECOMPANY) ARE OR WILL BE ADMITTED OR TRADED: Shares will not be admitted to or traded on any other trading platform. FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is knownor including any other name by which each is known):Peter Robert Johnson - Executive Chairman Christopher Houghton - Group Managing Director Martin Richard Stewart - Group Finance Director Gary Anthony Woods - Managing Director of the Retail Division Christopher James Baker - Non-Executive Director Raymond George Marcall - Non-Executive Director FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFOREAND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which eachis known):Peter Robert Johnson - 94,649,325 (57.34 per cent.) BW SIPP Trustees a/c SIPP0233 - 16,135,386 shares (9.78 per cent.) Schroder Investment Management Limited - 15,950,000 shares (9.66 per cent.) The Johnson Foundation - 10,415,000 shares (6.31 per cent.) NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:N/A (i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:(i) Accounting reference date - 31 March (ii) No AIM Admission Document produced - the Company is transferring from the Official List of the UK ListingAuthority (iii) First three reports due under AIM rules 18 and 19 by 31 December 2007, 30 September 2008 and 31 December2008 EXPECTED ADMISSION DATE:26 October 2007 NAME AND ADDRESS OF NOMINATED ADVISER:Shore Capital and Corporate LimitedBond Street House14 Clifford StreetLondon W1S 4JU NAME AND ADDRESS OF BROKER:Shore Capital Stockbrokers LimitedBond Street House14 Clifford StreetLondon W1S 4JU OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSIONDOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THEADMISSION OF ITS SECURITIES:N/A DATE OF NOTIFICATION:25 September 2007 NEW/ UPDATE:NEW QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING: THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:UK Official List (as issued by the UK Listing Authority) THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:22 July 1983 CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORYREQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET OR DETAILS OF WHERE THERE HAS BEEN ANYBREACH:Confirmed AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THELAST TWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:www.parkgroup.co.uk DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILSOF ITS INVESTING STRATEGY:The Company's strategy is to develop its business both organically and through acquisition. The Company isfocussed on it's Christmas Savings and High Street Gift Voucher businesses, which will be developed by utilisingemerging technology such as the internet and payment systems. The businesses will add new products and increasethe customer base both in the Christmas and related savings markets and corporate incentive market. A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURREDSINCE THE END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:There has been no material change in the financial or trading position since 31 March 2007 the date to whichaudited financial statements have been published. Recent developments of note include: - the Park Prepayments Protection Trust, an independent trust designed to improve the security ofsavers' money, was established by the Company in August 2007; and - on 23 August 2007, it was announced that the OFT had decided not to refer the acquisition of Home FarmHampers Ltd to the Competition Commission under the provisions of the Enterprise Act 2002. A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILABLE TOIT OR ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:The Directors believe, having made due and careful enquiry, that the working capital available to the Companywill be sufficient for at least twelve months from the date of admission. DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:There are no lock-in arrangements pursuant to Rule 7 of the AIM Rules. A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:Settled electronically through CREST, however, shares may also be held in certificated form. A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:www.parkgroup.co.uk INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:See Appendix "Admission Document equivalent information" A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE AFINANCIAL YEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND INTERIM RESULTS WHERE APPLICABLE. THEACCOUNTS MUST BE PREPARED IN ACCORDANCE WITH ACCOUNTING STANDARDS PERMISSIBLE UNDER AIM RULE 19:www.parkgroup.co.uk THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:None This information is provided by RNS The company news service from the London Stock Exchange