SKW Skiddaw

RNS Number:1689Y
AIM
29 April 2004


ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS PRIOR TO ADMISSION
ALL APPLICANTS MUST COMPLETE THE FOLLOWING:
COMPANY NAME:
SKIDDAW CAPITAL INC.
COMPANY ADDRESS:
WALKERS SPV LIMITED, WALKER HOUSE, MARY STREET, PO BOX 908GT GEORGE TOWN,
GRAND CAYMAN, CAYMAN ISLANDS
COMPANY POSTCODE:
N/A
COUNTRY OF INCORPORATION:
CAYMAN ISLANDS
COMPANY BUSINESS:
THE COMPANY IS AN INVESTMENT COMPANY WHOSE STRATEGY IS TO INVEST IN COMPANIES IN INVESTMENT BANKING
AND ASSET MANAGEMENT SECTORS, PREDOMINANTLY BASED IN ASIA.  THE COMPANY'S BUSINESS WILL BE THROUGH
CROSBY CAPITAL PARTNERS (HOLDINGS) LIMITED (CROSBY) WHICH IS TO BE ACQUIRED BY THE COMPANY SUBJECT TO
SHAREHOLDER APPROVAL.  CROSBY IS A HOLDING COMPANY FOR A NUMBER OF COMPANIES WHICH RUN ESTABLISHED
BUSINESSES IN THE ASSET MANAGEMENT AND INVESTMENT BANKING SECTORS IN ASIA.
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue
price):
UP TO 235,000,000 ORDINARY SHARES OF US$0.01 EACH (OF WHICH: 25,000,000 ARE ALREADY IN ISSUE;
200,000,000 ARE TO BE ISSUED IN CONSIDERATION FOR THE ACQUISITION OF CROSBY CAPITAL PARTNERS
(HOLDINGS) LIMITED; 3,333,333 ARE TO BE ISSUED AT AN ISSUE PRICE OF 12P PER SHARE IN CAPITALISATION OF
#400,000 OWED BY THE COMPANY; AND UP TO 6,666,667 ARE TO BE ISSUED PURSUANT TO A PLACING AT A PLACING
PRICE OF 12P PER SHARE).
CAPITAL TO BE RAISED ON ADMISSION:
UP TO #800,000
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
EXISTING DIRECTORS                                    PROPOSED DIRECTORS
JOHN JAMES LEAT (EXECUTIVE CHAIRMAN) (WILL RESIGN ON  ROBERT JOHN RICHARD OWEN (NON-EXECUTIVE
ADMISSION)                                            CHAIRMAN)
SHAHED MAHMOOD (EXECUTIVE DIRECTOR) (WILL ASSUME A    SIMON JEREMY FRY (CHIEF EXECUTIVE OFFICER)
NON-EXECUTIVE ROLE)
                                                      ILYAS TARIQ KHAN (MANAGING DIRECTOR)

                                                      STUART WESTWATER (NON-EXECUTIVE DIRECTOR)
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED
SHARE CAPITAL STATING WHETHER BEFORE OR AFTER ADMISSION:
NAME                                          EXISTING ORDINARY SHARES NUMBER OF SHARES POST ADMISSION
                                                                                                (%AGE)
EVERDENE HOLDINGS LIMITED                                    4,000,000 4,000,000 (APPROXIMATELY 1.70%)
TECHPACIFIC CAPITAL LIMITED                                          0      200,000,000 (APPROXIMATELY
                                                                                               85.11%)
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE
AIM RULES.
GLENALLEN LIMITED OF THIRD FLOOR, BRITISH AMERICAN INSURANCE HOUSE, MARLBOROUGH STREET, PO BOX N-4901,
NASSAU, BAHAMAS.  KITWELL CONSULTANTS LIMITED OF KITWELL HOUSE, THE WARREN, RADLETT, HERTS, WD7 7DU.
JOHN MAUNDRELL OF BOX COTTAGE, HEMPSTEAD, SAFFRON WALDEN, ESSEX CB10 2PD.  SILK ROUTE INVESTMENTS
LIMITED, CODAN TRUST COMPANY (CAYMAN) LIMITED, P.O. BOX 2681 GT

CENTURY YARD, CRICKET SQUARE, HUTCHINS DRIVE, GEORGE TOWN, GRAND CAYMAN,  CAYMAN ISLANDS
ACCOUNTING REFERENCE DATE:
31 MARCH
EXPECTED ADMISSION DATE:
18 MAY 2004
NAME AND ADDRESS OF NOMINATED ADVISER:
CANACCORD CAPITAL (EUROPE) LIMITED

FIRST FLOOR, BROOK HOUSE, 27 UPPER BROOK STREET, LONDON W1Y 1PD
NAME AND ADDRESS OF BROKER:
CANACCORD CAPITAL (EUROPE) LIMITED

FIRST FLOOR, BROOK HOUSE, 27 UPPER BROOK STREET, LONDON W1Y 1PD
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.
THE ADMISSION DOCUMENT WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF THE
APPLICANT'S SECURITIES TO TRADING ON AIM.  THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM THE OFFICES
OF CANACCORD CAPITAL (EUROPE) LIMITED, FIRST FLOOR, BROOK HOUSE, 27 UPPER BROOK STREET, LONDON W1Y 1PD
OR BY E-MAIL FROM toby_hayward@canaccordeurope.com
DATE OF NOTIFICATION:
29 APRIL 2004
NEW/ UPDATE (see note):
NEW
LISTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING
COMPANY, DETAILS OF ITS INVESTMENT STRATEGY

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS
OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED
OR AN APPROPRIATE NEGATIVE STATEMENT

A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT ITS WORKING CAPITAL
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.





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