AIM Schedule One Update - Dorcaster Plc (6357C)
April 18 2017 - 10:30AM
UK Regulatory
TIDMDAR
RNS Number : 6357C
AIM
18 April 2017
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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Dorcaster plc (the "Company") (to be renamed
as Escape Hunt plc on Admission)
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT,
COMPANY TRADING ADDRESS (INCLUDING POSTCODES)
:
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c/o Atticus Legal LLP
Castlefield House
Liverpool Road
Manchester
M3 4SB
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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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Before Admission: www.dorcasterplc.com/documents/
After Admission: www.investors.escapehunt.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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Admission is being sought as a result of a reverse
take-over under Rule 14.
The Company was admitted to AIM on 8 July 2016.
The Company's investment policy is to acquire
controlling stakes in one or more quoted or
unquoted businesses or companies (in whole or
in part) in the consumer and leisure sectors.
The Escape Hunt Group is a global provider of
live 'escape the room' experiences, with a franchised
global network (including one owner-operated
branch) of 38 branches operating 214 rooms across
20 countries.
Going forward, the Directors and the Proposed
Directors intend to focus on rolling out owner-operated
branches, initially in the UK and another European
jurisdiction, whilst also continuing to franchise
and sub-franchise.
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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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Number of ordinary shares of 1.25 pence each
("Ordinary Shares") to be admitted to trading:
10,370,370
There are no restrictions as to transferability
of the Ordinary Shares.
No Ordinary Shares will be held in treasury
on Admission.
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
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Capital to be raised on Admission: GBP14m
Anticipated market capitalisation at Admission:
GBP27m
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS
AT ADMISSION:
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Current: 69.8%
Post Admission: 51.8%
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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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None
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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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Directors
Richard Sidney Rose, Non-executive Chairman
Hubert Gerard Patrick van den Bergh, Non-executive
Director (to step down at Admission)
Proposed Directors
Richard John Harpham, Chief Executive Officer
Alistair Kynoch Rae, Chief Financial Officer
Adrian Paul Jones, Non-executive Director
Karen Bach, Non-executive Director
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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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Before Admission SHAREHOLDER NUMBER OF ORDINARY
ORDINARY SHARES AS
SHARES % OF SHARE
CAPITAL
----------------------------- ---------- ------------
Hargreave Hale Limited 2,250,000 22.5%
----------------------------- ---------- ------------
Arrowgrass Capital Partners
LLP 2,250,000 22.5%
----------------------------- ---------- ------------
Hubert Gerard Patrick
Van Den Bergh 1,682,884 16.8%
----------------------------- ---------- ------------
Karen Elisabeth Dind Jones 697,721 7.0%
----------------------------- ---------- ------------
Peel Hunt LLP 648,986 6.5%
----------------------------- ---------- ------------
Dominic Rose 592,593 5.9%
----------------------------- ---------- ------------
Jessica Rose 592,593 5.9%
----------------------------- ---------- ------------
Jaime Sarah Rose Scudamore 592,593 5.9%
----------------------------- ---------- ------------
After Admission SHAREHOLDER NUMBER OF ORDINARY
ORDINARY SHARES AS
SHARES % OF SHARE
CAPITAL
-------------------------------- ---------- ------------
Arrowgrass Capital Partners
LLP 3,250,000 16.0%
-------------------------------- ---------- ------------
Hargreave Hale Limited 3,164,000 15.6%
-------------------------------- ---------- ------------
Paul Bartosik 1,777,778 8.8%
-------------------------------- ---------- ------------
Adrian Jones 1,777,777 8.8%
-------------------------------- ---------- ------------
Killik & Co LLP 1,700,000 8.4%
-------------------------------- ---------- ------------
Legal & General Investment
Management Ltd 1,355,000 6.7%
-------------------------------- ---------- ------------
J O Hambro Capital Management
Limited 1,355,000 6.7%
-------------------------------- ---------- ------------
Octopus Investments Limited 1,220,000 6.0%
-------------------------------- ---------- ------------
Unicorn Asset Management
Limited 914,000 4.5%
-------------------------------- ---------- ------------
Gresham House Asset Management
Limited 747,390 3.7%
-------------------------------- ---------- ------------
Peel Hunt LLP 648,986 3.2%
-------------------------------- ---------- ------------
Amati Global Investors
Limited 610,000 3.0%
-------------------------------- ---------- ------------
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE
WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
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None other than disclosed in the Admission Document
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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 Dec
(ii) 31 Dec 2016
(iii) 30 Sept 2017, 30 June 18, 30 Sept 18
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EXPECTED ADMISSION DATE:
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3 May 2017
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NAME AND ADDRESS OF NOMINATED ADVISER:
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Peel Hunt LLP
Moor House
120 London Wall
London
EC2Y 5ET
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NAME AND ADDRESS OF BROKER:
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Peel Hunt LLP
Moor House
120 London Wall
London
EC2Y 5ET
Stockdale Securities Limited
Beaufort House
15 St Botolph Street
London
EC3A 7BB
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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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A copy of the Admission Document containing
full details about the applicant and the admission
of its securities will be available on the Company's
website at:
www.dorcasterplc.com/documents/
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DATE OF NOTIFICATION:
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18 April 2017
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NEW/ UPDATE:
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Update
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This information is provided by RNS
The company news service from the London Stock Exchange
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