Schedule 1 - New Portland plc

19 Nov 2007 13:20

AIM19 November 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:New Portland plc (to be renamed Portland Gas PLC)COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :Blackstable House Longridge Sheepscombe Stroud Gloucestershire GL6 7QX COUNTRY OF INCORPORATION:England & WalesCOMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:www.portland-gas.comCOMPANY 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:Egdon Resources Plc, a UK based energy company which was primarily focused on the hydrocarbon-producing basins ofthe onshore UK was originally listed on AIM on 21 December 2004. New Portland (which will be re-named "Portland Gas plc" following Admission) is a newly-formed companyestablished to become the holding company for the gas storage Business after the demerger of the oil and gasexploration business of Egdon Resources plc into a separate AIM company. 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):67,801,840 ordinary shares nominal value of 10p eachCAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:Market capitalisation on admission is expected to be £140mPERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:39.25%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:N/AFULL 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):Kenneth Maurice Ratcliff (Non-executive Chairman) Andrew David Hindle (Chief Executive Officer) Craig Gouws (Chief Financial Officer) Walter Rookehurst Roberts (Legal and Commercial Director) Mark Anthony William Abbott (Non-executive Director) Maurice Hazzard (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):On admission the following are expected to be significant shareholders in the Company:Credit Suisse Securities (Europe) Limited 12,234,225 18.04%Bluehone Investors LLP* 4,333,872 6.39%J.P. Morgan Fleming Mercantile Investment Trust plc 2,642,713 3.89% NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:N/A(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) 31 July (ii) 31 July 2007 (iii) 30 April 2008 (interims); 31 January 2009 (full year); 30 April 2009 (interims)EXPECTED ADMISSION DATE:16 January 2008NAME AND ADDRESS OF NOMINATED ADVISER:Seymour Pierce Limited, 20 Old Bailey, London EC4M 7ENNAME AND ADDRESS OF BROKER:Seymour Pierce Limited, 20 Old Bailey, London EC4M 7ENOTHER 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:The Admission Document containing full details about the applicant and the admission of its securities will beavailable from Seymour Pierce Limited, 20 Old Bailey, London EC4M 7EN. The admission document and the accounts ofEgdon Resources plc for the years ended 31 July 2007,2006 and 2005 can be found on the Company's websitewww.egdon-resources.comDATE OF NOTIFICATION:19 November 2007NEW/ UPDATE:NEW This information is provided by RNS The company news service from the London Stock Exchange