Schedule 1 - Griffin Group Plc

    RNS Number : 5349I
  AIM
  19 November 2008
   


 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

 COMPANY NAME:
 Griffin Group plc (to be renamed Alexander David Securities Group plc)
 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES):
 Registered Office:                                                                                Trading Address:
 Hilden Park House                                                                                 10 Finsbury Square
 79 Tonbridge Road                                                                                 London EC2A 1AD
 Hildenborough
 Kent TN11 9BH

 COUNTRY OF INCORPORATION:
 England & Wales
 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
 Pre-Admission                                                                                     Post-Admission
 www.griffingroupplc.co.uk                                                                         www.ad-securities.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:
 Griffin Group plc (to be renamed Alexander David Securities Group plc) has conditionally agreed to acquire the entire issued share capital
of Alexander David
 Holdings Limited ("ADH"). The acquisition of ADH is a reverse takeover pursuant to AIM Rule 14.


 Alexander David Securities (a subsidiary of ADH) was formed for the purpose of building a stockbroking business servicing private clients,
institutional clients
 and smaller quoted companies in the UK.  Alexander David Securities also provides private client advisory and execution only services and
products in traded
 equities (mainly on the UK, US and European markets).


 Alexander David Securities is authorised to conduct investment business and is regulated by the FSA. The business comprises a stable
revenue platform from private
 client broking and Contracts for Difference businesses to corporate finance and corporate broking transactions. In addition, Alexander
David Securities provides
 bespoke marketing communications, giving a detailed institutional qu
 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):
 432,267,599 ordinary shares of 0.1p each, no restrictions
 CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
 Capital Raised                                                                                    Market Capitalisation
 £nil                                                                                              £3.8m
 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
 71.8%                                                                                             310,253,862 Ordinary Shares
 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:
 Not applicable
 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):
 Directors                                                                                         Function
 Vincent William Nicholls                                                                          Finance Director
 Jan Wladimir Ledochowski                                                                          Non-executive Director

 Proposed Directors                                                                                Function
 Michael Frank Hicks                                                                               Proposed chairman
 David Alexander Hill Scott                                                                        Proposed chief executive
 Trevor David Coote                                                                                Proposed executive director
 Alon Bull                                                                                         Proposed non-executive director
 Antony Brian Cowling                                                                              Proposed non-executive director
 Andrew James Grant                                                                                Proposed non-executive 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):
 Name                                                     Number of Ordinary Shares Pre Admission         Percentage of    Number of
Ordinary         Percentage of
                                                                                                    Ordinary Shares Pre   Shares on
Admission    Ordinary Shares on
                                                                                                              Admission                     
             Admission

 David Scott                                                                                    -                     -           
91,902,195                  21.3
 Trevor Coote                                                                                   -                     -           
77,468,741                  17.9
 Alon Bull                                                                                      -                     -           
42,451,782                   9.8
 Global Investments Limited                                                            32,900,000                  30.1           
32,900,000                   7.6
 Vincent Nicholls                                                                      32,500,000                  29.8           
32,500,000                   7.5
 Clive Richards                                                                                 -                     -           
18,071,579                   4.2
 Wicks Holdings                                                                                 -                     -           
16,428,708                   3.8
 Stephen Dean SIPP                                                                     10,000,000                   9.2           
10,000,000                   2.3

 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
 Not applicable
 * ANTICIPATED ACCOUNTING REFERENCE DATE
 * DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED
 * DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO RULES 18 AND 19:
              (i)                30 September
              (ii)               In respect of Griffin Group plc: audited financial information for the three years ended 30 September 2007,
and unaudited
                                 financial information for the six month period to 31 March 2008
                                 In respect of Alexander David Holdings Limited: audited financial information for the year ended 31
December 2007, and unaudited
                                 financial information for the six month period ended 30 June 2008
             (iii)               31 March 2009                               2008 Annual
                                 30 June 2009                                2009 Half-yearly Results
                                 31 March 2010                               2009 Annual Results
 EXPECTED ADMISSION DATE:
 Early December 2008
 NAME AND ADDRESS OF NOMINATED ADVISER:
 Dowgate Capital Advisers Limited, 46 Worship Street, London EC2A 2EA
 NAME AND ADDRESS OF BROKER:
 Alexander David Securities Limited, 10 Finsbury Square, London EC2A 1AD
 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:
 Copies of the Admission document will be available to the public free of charge during normal business hours on any weekday (except
Saturdays, Sundays and public
 holidays) at the offices of Dowgate Capital Advisers, 46 Worship Street, London EC2A 2EA from the date of this document and for a period of
at least one month
 from Admission. The Admission Document will also be available from the Company's website, www.griffingroupplc.co.uk.
 DATE OF NOTIFICATION:
 19 November 2008
 NEW / UPDATE (see note):
 New


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