Schedule 1 - Rurelec PLC

7 Jul 2005 13:32

AIM07 July 2005 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:Rurelec PLCCOMPANY ADDRESS:5th Floor Prince Consort House 27-29 Albert Embankment LondonCOMPANY POSTCODE:SE1 7TJCOUNTRY OF INCORPORATION:United KingdonCOMPANY 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:Rurelec was established specifically to develop rural electrification projects in Latin America. Rurelec's managementteam has experience in developing international power projects and specifically in the electricity sector in LatinAmerica.DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which itseeks admission and the number and type to be held as treasury shares):Ordinary shares of 2p each, 21,350,000, post admission, 8,750,000 of which are being placed at the admission, and1,000,000 warrantsCAPITAL TO BE RAISED ON ADMISSION:£3.5mFULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:James Glynn West (Chairman and Non-Executive Director) Peter Richard Stephen Earl (Managing Director) John Michael Eyre (Director of Engineering) Elizabeth Ruth Shaw (Director of Finance) Francis Mattos (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: % holding prior admission % holding post admissionJimmy West 8.93% 5.27%Peter Earl 15.87% 9.37%Mike Eyre 3.97% 2.34%Elizabeth Shaw 3.97% 2.34%European Power Systems 16.90% 9.98%Susan Laker 3.97% 2.34%Secteur Holdings Limited 15.87% 9.37%HSBC Global Custody Nominees (UK) Limited 4.76% 11.59%Pershing Keen Nominees Limited 4.39% 8.68%NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES:There are no persons to be disclosed under Schedule 2, Paragraph (g) of the AIM RulesANTICIPATED ACCOUNTING REFERENCE DATE:30 JuneEXPECTED ADMISSION DATE:1 August 2005NAME AND ADDRESS OF NOMINATED ADVISER:Daniel Stewart & Co, 48 Bishopsgate, London EC2N 4AJNAME AND ADDRESS OF BROKER:Hichens, Harrison & Co, Bell Court House, 11 Blomfield Street, London EC2M 1LBDETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THISWILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:Copies of this document will be available free of charge at the registered office and the offices of Hammonds, 7Devonshire Square, London EC2M 4YH during normal business hours on any weekday (public holidays excepted) from the dateof this document until a date one month following Admission.DATE OF NOTIFICATION:6 July 2004NEW/ UPDATE (see note):NewQUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING: THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED: THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED: CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORYREQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET: AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE LASTTWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE: DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITSINVESTMENT STRATEGY: A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THEEND OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED: A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILABLE TO IT ORITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION: DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES: A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES: A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES: INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC: A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A FINANCIALYEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND FULLY AUDITED INTERIM RESULTS WHERE APPLICABLE. THE ACCOUNTSMUST BE PREPARED ACCORDING TO UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS: THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY: This information is provided by RNS The company news service from the London Stock Exchange