AIM Schedule 1 - Ambrian Plc (7413F)
February 25 2015 - 1:02AM
UK Regulatory
TIDMAMBR
RNS Number : 7413F
AIM
25 February 2015
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR
TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM
RULES FOR COMPANIES ("AIM RULES")
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COMPANY NAME:
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Ambrian plc ("Ambrian", the "Company" or, together
with its subsidiaries, the "Ambrian Group")
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT,
COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :
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6th Floor
62-64 Cornhill
London
EC3V 3NH
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COUNTRY OF INCORPORATION:
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England and Wales
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION
REQUIRED BY AIM RULE 26:
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www.ambrian.com
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION)
OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS
OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT
AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14,
THIS SHOULD BE STATED:
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Ambrian is a London-based international metal trading
business whose activities are focused on the physical
trading of LME base metals - principally copper
and also lead, zinc and aluminium. These are mainly
sourced in China, Africa, Russia and India and sold
to customers in Middle East, China and East Asia.
The Company currently employs 33 people in London,
Shanghai, Taiwan and Singapore.
Pursuant to the Acquisition (as defined in the Admission
Document), which constitutes a reverse takeover
for the purpose of Rule 14 of the AIM Rules for
Companies, Ambrian will acquire an interest in Cimentos
de Beira Limitada ("CdB"), which is engaged in the
development of a clinker grinding and cement packing
operation in Beira, Mozambique with an expected
installed capacity of 110 tonnes per hour or approximately
800,000 tons per annum.
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY
RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e.
where known, number and type of shares, nominal
value and issue price to which it seeks admission
and the number and type to be held as treasury shares):
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111,361,209 ordinary shares of GBP0.10 each of which
4,500,059 will be held in treasury
Note: A total of up to 194,142,046 further ordinary
shares may be issued to CGM Shareholders in consideration
for the Acquisition (both terms as defined in the
Admission Document).
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
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No capital to be raised on admission.
Market capitalisation was GBP9.47 million as at
close of business on 18 February 2015.
Assuming all additional ordinary shares referred
to above are issued in consideration for the Acquisition,
the implied market capitalisation is GBP25.97 million
(based on the Ambrian share price at close of business
on 18 February 2015).
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS
AT ADMISSION:
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38.69%
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM
TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO
HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES)
ADMITTED OR TRADED:
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N/A
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED
DIRECTORS (underlining the first name by which each
is known or including any other name by which each
is known):
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Existing Kevin John Lyon Chairman *
Directors
John Michael Coles Chief Financial Officer
Roger Francis Clegg Chief Operating Officer
Edward Hammond Rivers Non-Executive Director
Marlow
Nicolas Francois Non-Executive Director
Marie Rouveyre
Proposed Robert Fredrik Martin Chairman **
Directors Adair
Jean-Pierre Conrad Chief Executive Officer
**
(* Non-Executive Director
effective from Completion)
(** Effective from
Completion)
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS
EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL,
BEFORE AND AFTER ADMISSION (underlining the first
name by which each is known or including any other
name by which each is known):
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Significant Shareholders prior to Admission
Name Number of Shares % of Issued Share
Capital
CGM Schweiz 31,941,354 29.89%
Kestrel Opportunities 14,119,485 13.21%
Charles Davies 13,461,599 12.60%
Ambrian Capital PLC
Trustees 6,259,046 5.86%
Church House Investments 5,000,000 4.68%
Fidelity Investments 4,491,423 4.20%
Significant Shareholders following Admission
Name Number of Shares % of Issued Share
Capital
Kestrel Opportunities 14,119,485 13.21%
Charles Davies 13,461,599 12.60%
CGM Schweiz 9,584,466 8.97%
Cael Engineering Limited 7,925,409 7.42%
Nicolas Rouveyre 7,925,409 7.42%
Ambrian Capital PLC
Trustees 6,259,046 5.86%
Jean-Pierre Conrad 5,106,070 4.78%
Church House Investments 5,000,000 4.68%
Fidelity Investments 4,491,423 4.20%
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE
WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
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N/A
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION
IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this
may be represented by unaudited interim financial
information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE
REPORTS PURSUANT TO AIM RULES 18 AND 19:
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(i) 31 December
(ii) 30 June 2014
(iii) 30 June 2015 (annual report for the 12 months
ended 31 December 2014)
30 September 2015 (half-yearly report for the 6
months ended 30 June 2015)
30 June 2016 (annual report for the 12 months ended
31 December 2015)
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EXPECTED ADMISSION DATE:
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18 March 2015
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NAME AND ADDRESS OF NOMINATED ADVISER:
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Cenkos Securities plc
66 Hanover Street
Edinburgh EH2 1EL
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NAME AND ADDRESS OF BROKER:
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Cenkos Securities plc
66 Hanover Street
Edinburgh EH2 1EL
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS
OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION
DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT
THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT
AND THE ADMISSION OF ITS SECURITIES:
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www.ambrian.com
The Admission Document contains full details about
Ambrian plc and its securities.
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DATE OF NOTIFICATION:
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25 February 2015
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NEW/ UPDATE:
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New
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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