Cadence Mineral Regulatory News (KDNC)

7 Mar 2006 08:21

AIM07 March 2006 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:Zest Group Plc COMPANY ADDRESS:Kitwell House, The Warren, Radlett, Hertfordshire COMPANY POSTCODE:WD 77DU COUNTRY OF INCORPORATION:England and Wales 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: The Ordinary Share of Zest Group Plc were admitted to AIM on 24 March 2005. The Company's principal business is thatof a production company, record label and music publisher. The Company's strategy is to acquire record labels,publishing catalogues and individual artists as a when appropriate opportunities are identified. As part of thisstrategy the Company has conditionally agreed to acquire Greensleeves Records Limited, an established, independentrecord label and music publishing company based in the UK with an office in the USA, and specialising in reggae music. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which itseeks admission and the number and type to be held as treasury shares): 173,619,050 ordinary shares of 0.25p of which: 81,952,382 are existing shares, 83,333,334 are new ordinary shares placed at 3p per share, and 8,333,334 are new ordinary shares to be issued as part of the consideration for the acquisition, valued at 3p pershare. CAPITAL TO BE RAISED ON ADMISSION: £2,500,000 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:Richard James Griffiths - Executive Chairman Stephen Weltman - Chief Executive John William Maundrell - Non-Executive Director Jonathan Paul Crawley - Non-Executive Director PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITALBEFORE AND AFTER ADMISSION: shareholder % before % on admission admission 12.2Richard Griffiths 6.34 13.42Corvus Capital Inc 7.73 11.29Pershing Keen Nominees Limited 12.05 10.98Lynx Capital Management Limited 5.18 10.98Azina Limited 5.18 7.45Christopher Draysey 3.52 4.07Santi Music 1.92 3.75Bank of New York Nominees 1.77 -Merrill Lynch 8.64 -Killick & Co 4.80 -New Star Asset Management 3.84 -Schroders 3.84 NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:noneANTICIPATED ACCOUNTING REFERENCE DATE:30 September EXPECTED ADMISSION DATE:31 March 2006 NAME AND ADDRESS OF NOMINATED ADVISER:W.H. Ireland Limited, 24 Bennetts Hill, Birmingham B2 5QP NAME AND ADDRESS OF BROKER: W.H. Ireland Limited, 24 Bennetts Hill, Birmingham B2 5QP DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THISWILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:Copies of this document containing full details about the applicant and the admission of its securities will beavailable free of charge to the public at the offices of W.H. Ireland Limited, 24 Bennetts Hill, Birmingham, B2 5QP.DATE OF NOTIFICATION: 7 March 2006 NEW/ UPDATE (see note):New This information is provided by RNS The company news service from the London Stock Exchange