Vipera Regulatory News (VIP)

21 Feb 2006 17:27

AIM21 February 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:RICMORE PLC (TO BE RENAMED ENERGY ASSET MANAGEMENT PLC SUBJECT TO APPROVAL AT AN EGM ON 9 MARCH 2006) COMPANY ADDRESS:4th FLOOR, 44 SOUTHAMPTON BUILDINGS, LONDON COMPANY POSTCODE:WC2A 1AP COUNTRY OF INCORPORATION:ENGLAND COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES: ON 13 FEBRUARY 2006, RICMORE PLC ANNOUNCED THE PROPOSED ACQUISITION OF ENERGY ASSETS LIMITED ("EAL"). EAL WAS SET UP TO PROVIDE METER ASSET MANAGEMENT SERVICES, INCLUDING UTILISING NEW FORMS OF TECHNOLOGY, TO INDUSTRIAL AND COMMERCIAL USERSOF GAS AND ELECTRICITY AND THEIR SUPPLIERS. THIS INCLUDES A RANGE OF ACTIVITIES FROM TECHNICAL SUPPORT, OPERATIONAL SERVICES, DATA COLLECTION AND MANAGEMENT OF SUPPLY CHAIN. THIS TRANSACTION CONSTITUTES A REVERSE TAKEOVER UNDER THE AIMRULES. RICMORE IS SEEKING RE-ADMISSION OF ITS EXISTING ORDINARY SHARES AND ADMISSION OF ITS NEW ORDINARY SHARES TO TRADING ON AIM. EAL HAS DEVELOPED AND ESTABLISHED THE INFRASTRUCTURE TO SERVICE ITS METER ASSET MANAGER BUSINESS AND HAS SIGNED 2 CONTRACTS WITH INDEPENDENT GAS SUPPLIERS. EAL'S SPECIFIC TARGET AREAS OF BUSINESS ARE INDUSTRIAL AND COMMERCIAL METERING, DATALOGGING (REMOTE METER READING) AND THE SUPPLY OF ELECTRICITY METERS. EAL HAS FOCUSED ON THESE AREAS TO DIFFERENTIATE ITSELF AS A KEY SERVICE PROVIDER. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):246,768,383 ORDINARY SHARES OF 1P EACH. ISSUE PRICE 1.5P. CAPITAL TO BE RAISED ON ADMISSION:£1,250,000 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:EXISTING DIRECTORS: STEPHEN JOHN BARCLAY NON-EXECUTIVE CHAIRMANJOHN RICHARD SHAW NON-EXECUTIVE DIRECTORLANCE ADRIAN WINGATE O'NEILL NON-EXECUTIVE DIRECTOR PROPOSED DIRECTORS ALAN MCKEATING MANAGING DIRECTORJOHN EDWIN BUTLER FINANCE DIRECTORPHILIP BELLAMY-LEE SALES DIRECTOR PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL BEFOREAND AFTER ADMISSION: Before Admission: Number of Shares Percentage of issued share capitalJOHN RICHARD SHAW 1,000,000 4.6STEPHEN JOHN BARCLAY 1,600,000 7.3LANCE O'NEILL 1,450,000 6.6MARK SHEPPARD 1,000,000 4.6GEOFFREY SMITH 725,000 3.3BANK OF NEW YORK (NOMINEES) LIMITED 1,900,000 8.7PUMA NOMINEES LIMITED 1,359,000 6.2ADDWORTH PLC 1,200,000 5.5PHILIP JAMES MILTON 750,000 3.4BEAR STEARNS SECURITIES CORP 700,000 3.2PETER REDMOND 1,000,000 4.6 After Admission Number of Shares Percentage of issued share capitalJOHN RICHARD SHAW 8,214,337 3.3STEPHEN JOHN BARCLAY 13,722,357 5.6ALAN MCKEATING 42,760,561 17.3PHILIP BELLAMY-LEE 30,024,965 12.2ROBERT HATTON 11,295,679 4.6GARY RIMMER 7,423,068 3.0HOODLESS BRENNAN PLC 13,333,333 5.4PERSHING KEEN NOMINEES LTD A/C GWCLT 20,000,000 8.1 NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:CHATSFORD CORPORATE FINANCE LIMITED OF 1 CORNHILL, LONDON, EC3V 3NDACTIVE CORPORATE FINANCE LIMITED OF CHASE BUREAU REGISTER OFFICE SERVICES LTD, 1 ROYAL TERRACE, SOUTHEND ON SEA, SS1 1EALANCE O'NEILL OF 4TH FLOOR, 44 SOUTHAMPTON BUILDINGS, LONDONWC2A 1AP ANTICIPATED ACCOUNTING REFERENCE DATE:31 DECEMBER EXPECTED ADMISSION DATE:13 MARCH 2006 NAME AND ADDRESS OF NOMINATED ADVISER:RUEGG & CO LIMITED39 CHEVAL PLACELONDON SW7 1EW NAME AND ADDRESS OF BROKER:HICHENS HARRISON & CO PLCBELL COURT HOUSE11 BLOMFIELD STREETLONDONEC2M 1LB DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:The Admission document contains full details regarding the applicant and the admission of its securities to AIM and is available from Ruegg & Co Limited at their address above DATE OF NOTIFICATION:21 FEBRUARY 2006 NEW/ UPDATE (see note):NEW This information is provided by RNS The company news service from the London Stock Exchange