EDR.L Regulatory News (EDR)

10 Jan 2008 14:30

AIM10 January 2008 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:New Egdon plc (to be renamed Egdon Resources PLC) COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :Suite 290-96 High Street, OdihamHampshire RG29 1LP COUNTRY OF INCORPORATION:England & Wales COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:www.egdon-resources.com 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:Egdon Resources Plc, a UK based energy company which was primarily focussed on the hydrocarbon-producing basinsof the onshore UK was originally listed on AIM on 21 December 2004. New Egdon (which will be re-named "Egdon Resources plc" following Admission) is a newly-formed companyestablished to become the holding company for the oil and gas Business after the demerger of the gas storagebusiness of Egdon Resources plc into a separate AIM company. The assets of the oil and gas business are primarilyin onshore UK with one interest in Southern France. 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):67,801,840 ordinary shares, nominal value of 10p each CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:Market capitalisation on admission is expected to be approx. £20m - £30m PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:45.04% 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:N/A 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): Philip Henry Peter Stephens (Non-executive Chairman) Mark Anthony William Abbott (Managing Director) Andrew David Hindle (Non-executive Director) Kenneth Maurice Ratcliff (Non-executive Director) Walter Rookehurst Roberts (Non-executive Director) John George Rodway Rix (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): On admission the following are expected to be significant shareholders in the Company: Credit Suisse Securities (Europe) Limited 12,234,225 18.04%Bluehone Investors LLP* 4,333,872 6.39%J.P. Morgan Fleming Mercantile Investment Trust plc 2,642,713 3.89% NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:Department for Business Enterprise and Regulatory Reform (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) 31 July (ii) 31 July 2007 (iii) 30 April 2008 (interims); 31 January 2009 (full year); 30 April 2009 (interims) EXPECTED ADMISSION DATE:17 January 2008 NAME AND ADDRESS OF NOMINATED ADVISER:Seymour Pierce Limited, 20 Old Bailey, London EC4M 7EN NAME AND ADDRESS OF BROKER:Seymour Pierce Limited, 20 Old Bailey, London EC4M 7EN 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:The Admission Document containing full details about the applicant and the admission of its securities will beavailable from Seymour Pierce Limited, 20 Old Bailey, London EC4M 7EN. The admission documents and the accountsof Egdon Resources plc for the years ended 31 July 2007,2006 and 2005 can be found on the Company's websitewww.egdon-resources.com DATE OF NOTIFICATION:10 January 2008 NEW/ UPDATE:UPDATE This information is provided by RNS The company news service from the London Stock Exchange