11 Jun 2009 16:14
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ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2Β OF THE AIM RULES FOR COMPANIES ("AIM RULES") |
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COMPANY NAME: |
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TMN Group Plc (to be renamedΒ Progressive DigitalΒ MediaΒ Group plc) |
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COMPANYΒ REGISTEREDΒ OFFICEΒ ADDRESSΒ AND IF DIFFERENT, COMPANY TRADING ADDRESSΒ (INCLUDING POSTCODES)Β : |
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2ndΒ Floor,Β 69-73 Theobalds Road,Β London,Β WC1X 8TA |
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COUNTRY OF INCORPORATION: |
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UK |
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COMPANYΒ WEBSITE ADDRESS CONTAININGΒ ALL INFORMATIONΒ REQUIREDΒ BYΒ AIM RULE 26: |
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www.tmnplc.com |
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COMPANY BUSINESSΒ (INCLUDINGΒ MAIN COUNTRY OF OPERATION)Β OR,Β IN THE CASE OF ANΒ INVESTING COMPANY, DETAILS OF ITSΒ INVESTINGΒ STRATEGY).Β Β IF THEΒ ADMISSIONΒ IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: |
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Progressive is a business-to-business media company providing aΒ range of productsΒ and services across a number of industry sectors. Revenues are principally derived fromΒ business conferences and events, controlled circulation magazines and web-based reference portals. Admission is as a result of a reverse take-over under Rule 14. |
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DETAILS OF SECURITIES TO BE ADMITTEDΒ INCLUDING ANYΒ RESTRICTIONS AS TO TRANSFERΒ OF THE SECURITIESΒ (i.e. where known, numberΒ and typeΒ of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): |
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369,547,686 Ordinary Shares of 0.01 pence each |
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CAPITAL TO BE RAISED ON ADMISSIONΒ (IF APPLICABLE)Β ANDΒ ANTICIPATEDΒ MARKET CAPITALISATION ON ADMISSION: |
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Based on closing price on Friday 5thΒ June 2009 of 10.5p this would imply a market cap on Re-Admission of Β£38.8m |
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PERCENTAGE OFΒ AIM SECURITIESΒ NOT IN PUBLIC HANDS ATΒ ADMISSION: |
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85% |
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORMΒ TOΒ WHICH THE AIM SECURITIESΒ (OR OTHER SECURITIES OF THE COMPANY)Β ARE OR WILL BEΒ ADMITTED OR TRADED: |
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NA |
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FULL NAMES AND FUNCTIONS OFΒ DIRECTORSΒ AND PROPOSED DIRECTORSΒ (underlining the first name by which each is known or including any other name by which each is known): |
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Β Directors PeterΒ HarknessΒ (Non-ExecutiveΒ Director) MichaelΒ Danson (Executive Chairman) Proposed Directors KennethΒ Appiah (Finance Director) SimonΒ Pyper (CEO) |
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FULL NAMESΒ AND HOLDINGSΒ OFΒ SIGNIFICANT SHAREHOLDERSΒ EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL,Β BEFORE ANDΒ AFTER ADMISSIONΒ (underlining the first name by which each is known or including any other name by which each is known): |
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Before admission Michael Danson (27.96%) Herald Investment Management (4.53%) James Morris (4.37%) Maziar Darvish (4.34%) Cazenove Capital Management (3.04%) After Admission Michael Danson (84.87%) |
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: |
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Michael Danson |
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: |
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Β Β
(i) 31 December
(ii) 31 December 2008
(iii) 30 September 2009 (interims), 30 June 2010 (prelims), 30 September 2010 (prelims)
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EXPECTED ADMISSION DATE: |
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Β 25 June 2009 |
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NAME AND ADDRESS OF NOMINATED ADVISER: |
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Investec Bank plc 2 Gresham Street, London,Β EC2V 7QP |
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NAME AND ADDRESS OF BROKER: |
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Investec Bank plc 2 Gresham Street, London,Β EC2V 7QP |
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OTHER THAN IN THE CASE OF AΒ QUOTED APPLICANT,Β DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENTΒ WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: |
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This Re-Admission Document is being made available to shareholders electronically in "read only" formatΒ on the TMN Group website atΒ http://www.tmnplc.com/tmn/investors/reports/ where it can be printed. This document will contain full details about the applicant and the admission of its securities. |
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DATE OF NOTIFICATION: |
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11Β June 2009 |
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NEW/ UPDATE: |
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NEW |
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