Rurelec Regulatory News (RUR)

19 Dec 2005 09:19

AIM19 December 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:Rurelec plc COMPANY ADDRESS:5th Floor, Prince Consort House, 27-29 Albert Embankment, London COMPANY POSTCODE:SE1 7TJ COUNTRY OF INCORPORATION:United Kingdom 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:Rurelec was established specifically to develop rural electrification projects in Latin America. Rurelec's managementteam has experience in developinginternational power projects and specifically in the electricity sector in LatinAmerica. 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):Ordinary shares of 2p each, 54,683,333, post admission, 33,333,333 of which are being placed at the admission, and1,000,000 warrants (a further 13,605,442 ordinary shares of 2p each are expected to be admitted to trading six businessdays later) CAPITAL TO BE RAISED ON ADMISSION:£14 million (a further £5.7 million five business day later) FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: James Glynn West (Chairman and Non-Executive Director)Peter Richard Stephen Earl (Managing Director)John Michael Eyre (Director of Engineering)Elizabeth Ruth Shaw (Director of Finance)Francis Mattos (Non-Executive Director)Sir Duncan Robin Carmichael Christopher (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: % holding prior admission % holding post admissionJimmy West 5.27% 2.06%Peter Earl 9.37% 3.66%Park Avenue Nominees Limited 9.68% 3.78%Secteur Holdings Limited 9.37% 3.66%Pershing Keen Nominees 8.68% 3.39%HSBC Global Custody Nominees (UK) Limited 11.59% 4.53% NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:There are no persons to be disclosed under Schedule 2, Paragraph (h) of the AIM Rules ANTICIPATED ACCOUNTING REFERENCE DATE:31 December EXPECTED ADMISSION DATE:6 January 2006 NAME AND ADDRESS OF NOMINATED ADVISER:Daniel Stewart & Company plc, Becket House, 36 Old Jewry, London EC2R 8DD NAME AND ADDRESS OF BROKER:Hichens, Harrison & Co, Bell Court House, 11 Blomfield Street, London EC2M 1LB 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 will be available free of charge at the registered office and the offices of Hammonds, 7Devonshire Square, London EC2M 4YH during normal business hours on any weekday (public holidays excepted) from the dateof this document until a date one month following Admission. DATE OF NOTIFICATION:13 December 2005 NEW/ UPDATE (see note):NEW This information is provided by RNS The company news service from the London Stock Exchange