DTG.L Regulatory News (DTG)

12 Aug 2005 16:34

AIM12 August 2005 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2 ALL APPLICANTS MUST COMPLETE THE FOLLOWING: COMPANY NAME:Dart Group PLC COMPANY ADDRESS:Building 470, Bournemouth International Airport, Christchurch, Dorset COMPANY POSTCODE:BH23 6SE COUNTRY OF INCORPORATION:England COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED INACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:Aviation services and distribution group DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to whichit seeks admission and the number and type to be held as treasury shares):34,550,192 issued ordinary shares of 5p each No treasury shares CAPITAL TO BE RAISED ON ADMISSION:NoneFULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:Philip Hugh Meeson, Group Chairman and Chief Executive Michael Edward Forder, Group Finance Director Trevor Patrick Crowley, Senior Independent Non-Executive Director Brian Stephen Templar, Independent Non-Executive DirectorPERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITALBEFORE AND AFTER ADMISSION:Philip Meeson 40.69% Schroder Capital Management Inc. 12.25% Aberforth Partners 9.25% Framlington Group PLC 6.64% Barclays PLC 4.29% None of the shareholders shown above has any voting right different from those of all holders of ordinary sharesin the Company.NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES:Not applicable.ANTICIPATED ACCOUNTING REFERENCE DATE:31 MarchEXPECTED ADMISSION DATE:15 August 2005NAME AND ADDRESS OF NOMINATED ADVISER:Smith & Williamson Corporate Finance Limited No 1 Riding House Street, London, W1A 3ASNAME AND ADDRESS OF BROKER:Collins Stewart Limited 9th Floor, 88 Wood Street, London EC2V 7QRDETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENTTHAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:As this is a fast track admission of a quoted applicant, there will be no admission document. All informationequivalent to that required for an admission document is available at www.dartgroup.co.uk or otherwise currentlypublic.DATE OF NOTIFICATION:12 August 2005NEW/ UPDATE (see note):Update QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING: THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:Official List of the UK Listing AuthorityTHE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:1 July 1991CONFIRMATION 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:Dart Group PLC and the directors of Dart Group PLC, having made due and careful enquiry, confirm that, as at thedate hereof, Dart Group PLC has adhered to the legal and regulatory requirements of having its securities tradedon the Official List of the UK Listing Authority, with the exception that the company's annual information updateannouncement released on 12 August 2005 was not released within 20 business days of the publication of thecompany's annual report for the year ended 31 March 2005. The information included in the annual informationupdate was previously included within the company's Schedule 1 pre-admission announcement released on 15 July2005.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.dartgroup.co.ukDETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILSOF ITS INVESTMENT STRATEGY:The company will continue to follow its strategy as set out in the latest annual report available onwww.dartgroup.co.uk.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:As at 31 March 2005, the Group held net cash (in excess of bank debt) of approximately £2.4 million. At the datehereof, the Group's net indebtedness is approximately £8.2 million. This movement relates principally to thefunding of consideration paid on the purchase of two aircraft as announced on 16 May 2005.A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILIABLE TOIT OR ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:The directors of Dart Group PLC have no reason to believe that the working capital available to it or its groupwill be insufficient for at least 12 months from the date of its admission.DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:Not applicable.A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:The securities of Dart Group PLC are settled on Crest.A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:www.dartgroup.co.ukINFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:This information has, on the date of notification stated above, been placed on the company's website atwww.dartgroup.co.uk.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 FULLY AUDITED INTERIM RESULTS WHEREAPPLICABLE. THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS:www.dartgroup.co.ukTHE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:Not applicable. This information is provided by RNS The company news service from the London Stock Exchange