Sch 1 Update - IRF European

14 Jun 2006 09:21

AIM14 June 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:IRF European Finance Investments Ltd.COMPANY ADDRESS:Canon's Court22 Victoria StreetHamiltonCOMPANY POSTCODE:HM12COUNTRY OF INCORPORATION:BermudaCOMPANY 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:IRF European Finance Investments Ltd. intends to invest in the financial services industry in Europe but with aprimary focus on credit institutions and insurance companies in Greece, Bulgaria, Romania and Turkey or othercountries in Southern Europe.DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to whichit seeks admission and the number and type to be held as treasury shares):Common shares of $0.0015 eachNumber of common shares:Existing 57,291,675Number of warrantsExisting 91,666,680CAPITAL TO BE RAISED ON ADMISSION:NoneFULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:Angeliki Frangou - Chairman, DirectorAndreas Vgenopoulos - Deputy Chairman, DirectorGeorgios Kintis -Chief Executive Officer, DirectorSheldon Goldman - Non-executive DirectorJohn Karakadas - Non-executive DirectorAlexander Meraclis - Non-executive DirectorDennis Malamatinas - 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:Ordinary shares After Morstan Nominees Ltd 20.9%Angeliki Frangou 15.7%Andreas Vgenopoulos 15.4%New Smith 5.1%Amaranth LLC 4.4%Funds controlled by York Investment Ltd. and its affiliates 7.3%North Sound Legacy International Ltd. 3.1% Warrants After Morstan Nominees Ltd 26.2%Angeliki Frangou 12.6%Andreas Vgenopoulos 7.3%New Smith 6.3%Funds controlled by York Investment Ltd and its affiliates 9.1%North Sound Legacy International Ltd. 3.9%NCB Trust Limited 3.6%Goldman Sachs International Nominee 3.2% NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES:N/AANTICIPATED ACCOUNTING REFERENCE DATE:31 DecemberEXPECTED ADMISSION DATE:28 June 2006NAME AND ADDRESS OF NOMINATED ADVISER:Collins Stewart Limited, 9th Floor, 88 Wood Street, London EC2V 7QRNAME AND ADDRESS OF BROKER:Collins Stewart Limited, 9th Floor, 88 Wood Street, London EC2V 7QRDETAILS 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:The Admission Document will be available from the offices of Collins Stewart Limited, 9th Floor, 88 Wood Street,London EC2V 7QR and will contain full details about the applicant and the admission of its securitiesDATE OF NOTIFICATION:14 June 2006 NEW/ UPDATE (see note):Update This information is provided by RNS The company news service from the London Stock Exchange