Schedule 1-Island GasResource

12 Dec 2007 10:53

AIM12 December 2007 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") COMPANY NAME: Island Gas Resources plc COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : 7th Floor, Aldermary House, 10-15 Queen Street, London EC4N 1TX COUNTRY OF INCORPORATION: UK COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: TBC COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITSINVESTING STRATEGY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BESTATED: Admission sought as a result of a reverse takeover of KP Renewables plc under Rule 14. Ongoing business of IslandGas Resources is production and marketing of methane gas for industrial and domestic use from virgin coal seamswithin UK onshore acreage. Island Gas Resources' licences will be developed and operated by its joint venturepartner Nexen Exploration UK Limited, a subsidiary of Nexen Inc, a Toronto and New York Stock Exchange listedglobal energy group. DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. whereknown, number and type of shares, nominal value and issue price to which it seeks admission and the number andtype to be held as treasury shares): 59,107,182 Ordinary Shares of par value 50p CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: Capital to be raised on Admission - NIL Anticipated market capitalisation on Admission - £53.2 million PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 92.8 per cent. DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THECOMPANY) ARE OR WILL BE ADMITTED OR TRADED: NA FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is knownor including any other name by which each is known): Francis Robert Gugen - Executive Chairman Andrew Philip Austin - Chief Executive Officer Brent Cheshire - Technical Director John Bryant - Non Executive Director Peter Redmond - Non Executive Director Richard James Armstrong - Non Executive Director FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFOREAND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which eachis known): Before Admission Post Admission Francis Robert Gugen - 46.4% Andrew Philip Austin - 19.3% Brent Cheshire - 19.3% Roger Smith - 4.3% Merchant House Group Plc 5.9% 0.4% Libertas Capital Ventures Limited 5.9% 0.4% David Newton 3.5% 0.2% Ezenet Limited 3.5% 0.1% Wolf Martinick 3.5% 0.3% NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: NA (i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: (i) Dec 31 (ii) 30 June 2007 (iii) 30 June 2008, 30 September 2008, 30 June 2009 EXPECTED ADMISSION DATE: 31 December 2007 NAME AND ADDRESS OF NOMINATED ADVISER: Libertas Capital Corporate Finance Limited, 16 Berkeley Street, London, W1J 8DZ, United Kingdom NAME AND ADDRESS OF BROKER: Libertas Capital Securities Limited, 16 Berkeley Street, London, W1J 8DZ, United Kingdom OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSIONDOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THEADMISSION OF ITS SECURITIES: Copies of the Admission Document will be available, during normal business hours, free of charge to the public atthe offices of Morrison & Foerster MNP, 7th Floor, City Point, One Ropemaker Street, London EC2Y 9AW, for atleast one month from the date of admission DATE OF NOTIFICATION: 12 December 2007 NEW/ UPDATE: NEW This information is provided by RNS The company news service from the London Stock Exchange