YGEN.L Regulatory News (YGEN)

27 Oct 2006 15:56

AIM27 October 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:Original Investments plc to be renamed ViaLogy PlcCOMPANY ADDRESS:Ashcombe Court Woolsack Way Godalming Surrey COMPANY POSTCODE:GU7 1LQCOUNTRY OF INCORPORATION:EnglandCOMPANY 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:Original Investments plc is acquiring ViaLogy Corp ("ViaLogy"). This transaction constitutes a reverse takeoverfor the purposes of the AIM Rules. ViaLogy was founded in 1999 by a group of senior scientists and managers in supercomputing and ultra-computingtechnologies at the Caltech/NASA Jet Propulsion Laboratory (JPL) in Pasadena, California. Leveraging theirprior expertise and work at JPL in remote sensing and signal processing, ViaLogy scientists developed atechnology to separate the background 'noise' that envelops weak signals called Quantum ResonanceInterferometry (QRI). The initial test results on QRI, undertaken in the microarray industry, indicated that the technology was able to detect and discriminate signals with an intensity 1,000 times lower than RMS (root mean square)background noise. The technology was the subject of further development work undertaken in the massspectrometry industry. Other development activities were carried out in the areas of sensor data processing andtransference. The board and management team of ViaLogy consider that the technology is sufficiently advanced to be ofconsiderable benefit in a number of industrial areas and a planned programme of commercialisation hascommenced. Discussions at both development and commercial levels are being held with a number of internationalcompanies and national authorities to verify the suitability of incorporating the ViaLogy technology intoexisting and/or new products. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price towhich it seeks admission and the number and type to be held as treasury shares):403,256,437 ordinary shares with a nominal value of 0.01p per share and an issue price of 4p per share.CAPITAL TO BE RAISED ON ADMISSION:N/AFULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:Directors James Derrick Slater, Chairman (to resign on Admission) Terence Bond, Managing Director and Deputy Chairman (to become Executive Chairman on Admission) Dr Richard Peter Dixey, Non Executive Director (Richard is due to retire at the AGM) Julian George Viggars, Non Executive Director (to resign on Admission) Proposed Directors Michael Woods Kelly, Proposed Chief Executive Dr Sandeep Gulati, Proposed Technical Director George Rehm, Proposed Non-Executive Director Dr Robert William Dean, Proposed Non-Executive Director PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARECAPITAL BEFORE AND AFTER ADMISSION: Shareholding Before Admission % Shareholding After Admission % James Derrick Slater 26,485,000 8.5 26,485,000 6.6Terence Bond 13,925,000 4.5 13,925,000 3.5 NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIMRULES:N/AANTICIPATED ACCOUNTING REFERENCE DATE:31 MarchEXPECTED ADMISSION DATE:31 October 2006NAME AND ADDRESS OF NOMINATED ADVISER:Seymour Pierce Limited Bucklersbury House 3 Queen Victoria Street London EC4N8ELNAME AND ADDRESS OF BROKER:Seymour Pierce Limited Bucklersbury House 3 Queen Victoria Street London EC4N8ELDETAILS 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:Seymour Pierce Limited Bucklersbury House 3 Queen Victoria Street London EC4N8ELDATE OF NOTIFICATION: 27 October 2006NEW/ UPDATE (see note):Update This information is provided by RNS The company news service from the London Stock Exchange