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GGA Georgica Plc

14.50
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Georgica Plc LSE:GGA London Ordinary Share GB0009769414 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sch 1 update - Essenden PLC

18/05/2009 1:55pm

UK Regulatory



 

TIDMGGA 
 
RNS Number : 4300S 
AIM 
18 May 2009 
 

 
 
+----------------------------------------------------------------------------+ 
|    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:                                                              | 
+----------------------------------------------------------------------------+ 
| Essenden Public Limited Company                                            | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING        | 
| ADDRESS (INCLUDING POSTCODES) :                                            | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| 33 King Street, London SW1Y 6RJ                                            | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| COUNTRY OF INCORPORATION:                                                  | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| England and Wales                                                          | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE    | 
| 26:                                                                        | 
+----------------------------------------------------------------------------+ 
| www.georgicaplc.com                                                        | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF  | 
| AN INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY).  IF THE          | 
| ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS | 
| SHOULD BE STATED:                                                          | 
+----------------------------------------------------------------------------+ 
| The principal activity of the group comprises the operation of tenpin      | 
| bowling centres within the United Kingdom. The business consists of 38     | 
| leasehold tenpin bowling centres and a portfolio of five properties held   | 
| for redevelopment.                                                         | 
+----------------------------------------------------------------------------+ 
| 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):                                   | 
+----------------------------------------------------------------------------+ 
| Up to 21,425,000 freely transferable ordinary shares of 1p each nominal    | 
| value, to be issued as part consideration for the acquisition by Essenden  | 
| Public Limited Company of the issued share capital of Georgica Public      | 
| Limited Company, pursuant to the Scheme of Arrangement set out in the      | 
| Scheme Document and the Admission Document posted to holders of shares in  | 
| Georgica Public Limited Company on 18 March 2009.                          | 
| No treasury shares.                                                        | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET   | 
| CAPITALISATION ON ADMISSION:                                               | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| No capital to be raised on Admission.                                      | 
| As at the date of this Schedule 1, the Directors expect the combined       | 
| market capitalisation of the ordinary shares and the loan notes to equal   | 
| the current market value of Georgica plc convertible and ordinary shares   | 
| of circa GBP17.1m.  Directors expect that the split between the equity and | 
| the loan notes will be that circa 20% or GBP3.4m of value will rest in the | 
| equity and circa 80% or GBP13.7m of value will rest in the loan notes      | 
| however, the market will determine the appropriate split of the value      | 
| between equity and loan notes.                                             | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:             | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| As at Monday 18 May 2009, it is anticipated that approximately 75.62 per   | 
| cent. of AIM securities will not be in public hands at Admission.          | 
+----------------------------------------------------------------------------+ 
| DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM         | 
| SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR | 
| TRADED:                                                                    | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| As part of the proposed Scheme of Arrangement described in the Scheme      | 
| document and Admission Document posted to holders of shares in Georgica    | 
| Public Limited Company on 18 March 2009, application will be made for loan | 
| notes to be issued by Essenden Public Limited Company to be admitted to    | 
| trading on PLUS-quoted (the market of that name operated and regulated by  | 
| PLUS Markets Group plc). It is expected that such Admission will become    | 
| effective and that trading in the loan notes to be issued by Essenden      | 
| Public Limited Company on PLUS-quoted will commence at 8:00am on 26 May    | 
| 2009, the same day as the expected first day of trading of the ordinary    | 
| shares of Essenden Public Limited Company on AIM.                          | 
+----------------------------------------------------------------------------+ 
| 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):                                                            | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| Rory Macnamara - Non-executive Chairman (proposed director)                | 
| Kaye Collins - Managing Director - Tenpin Limited (proposed director)      | 
| Peter Haspel - Managing Director                                           | 
| Christopher Mills - Non Executive Director (proposed director)             | 
| Margaret Mountford - Non Executive Director (proposed director)            | 
| Nicholas Oppenheim - Non Executive Director                                | 
| Simon Prew - Finance Director                                              | 
+----------------------------------------------------------------------------+ 
| 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):                                              | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| As at Monday 18 May 2009, the date of this notification, it is anticipated | 
| that the following will be Significant Shareholders of Essenden Public     | 
| Limited Company both immediately before (i.e., upon the Scheme of          | 
| Arrangement becoming effective) and after Admission:                       | 
| North Atlantic Value LLP ("NAV") 25.26 per cent.*                          | 
| Trefick Limited 19.40 per cent.                                            | 
| Schroder Investment Management Limited 14.72 per cent.                     | 
| M & G Investment Management Limited 11.98 per cent.                        | 
| Man Financial Limited / MF Global Limited 8.86 per cent.                   | 
| Nicholas Oppenheimer 4.26 per cent                                         | 
| JP Morgan Asset Management 3.06 per cent.                                  | 
| Ennismore Fund Management Limited 2.97 per cent.                           | 
| *NAV is considered a related party of Christopher Mills as set out under   | 
| the AIM Rules. Christopher Mills is a proposed director of Essenden plc    | 
+----------------------------------------------------------------------------+ 
| NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2,        | 
| PARAGRAPH (H) OF THE AIM RULES:                                            | 
+----------------------------------------------------------------------------+ 
| None required                                                              | 
+----------------------------------------------------------------------------+ 
| *  ANTICIPATED ACCOUNTING REFERENCE DATE *                                 | 
| DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS | 
| BEEN PREPARED (this may be represented by unaudited interim financial      | 
| information)*                                                              | 
| DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM     | 
| RULES 18 AND 19:                                                           | 
+----------------------------------------------------------------------------+ 
|                                    (i)On or about 28 December (report on   | 
|                                    52 week periods, 53 weeks every         | 
|                                            4th year)                       | 
|                                    (ii)28 December 2008                    | 
|                                    (iii) Half-yearly report for the period | 
|                                    ending on or about 28 June 2009 to be   | 
|                                            released by 28 September 2009   | 
|                                    Annual report for the period ending on  | 
|                                    or about  28 December 2009 to be        | 
|                                           published by 28 June 2010        | 
|                                    Half-yearly report for the period       | 
|                                    ending 28 June 2010 to be released      | 
|                                           by 28 September 2010             | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| EXPECTED ADMISSION DATE:                                                   | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
|  26 May 2009                                                               | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| NAME AND ADDRESS OF NOMINATED ADVISER:                                     | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| Cenkos Securities plc                                                      | 
| 6.7.8 Tokenhouse Yard, London EC2R 7AS                                     | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| NAME AND ADDRESS OF BROKER:                                                | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| Oriel Securities Limited                                                   | 
| 125 Wood Street                                                            | 
| London EC2V 7AN                                                            | 
| Mirabaud Securities Limited                                                | 
| 21 St James's Square                                                       | 
| London                                                                     | 
| SW1Y 4JP                                                                   | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| 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:                                               | 
+----------------------------------------------------------------------------+ 
| The Admission Document, containing full details about Essenden Public      | 
| Limited Company and the Admission of its securities can be obtained from   | 
| the website of Georgica Public Limited Company (www.georgicaplc.com).      | 
+----------------------------------------------------------------------------+ 
| DATE OF NOTIFICATION:                                                      | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| 18 May 2009                                                                | 
+----------------------------------------------------------------------------+ 
| NEW/ UPDATE:                                                               | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
| Update                                                                     | 
|                                                                            | 
+----------------------------------------------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 AIMAPMTTMMABBML 
 

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