Schedule 1 - Baltimore plc

RNS Number:5592X
AIM
27 January 2006


          ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN 
                         ACCORDANCE WITH AIM RULE 2


ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME: Baltimore plc

COMPANY ADDRESS: 69 Eccleston Square

London

COMPANY POSTCODE: SW1V 1PJ

COUNTRY OF INCORPORATION: England & Wales

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTMENT STRATEGY TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J)
OF THE AIM RULES:

The company is proposing to acquire, conditional on admission to AIM, the entire
issued share capital of Acquisitor Holdings Ltd, listed on AIM, and New York
Holdings Limited, quoted on OFEX.

The principal activities of the Group, once the acquisitions are complete, will
be to engage in investment activity and to expand operations within the
financial services sector.

Transactions will relate primarily to UK, Europe and US publicly quoted and
private companies which are established companies rather than early stage or
start-up situations.

The Group will also seek to expand its operations within the financial services
sector through the establishment of and acquisition of asset and wealth
management companies in the UK and abroad.

Following Admission, the objective of the Group will be to achieve capital
growth by acquiring holdings in private or publicly quoted companies which the
Directors deem to be undervalued. The acquisition strategy will not be sector
specific and may include any sector including property. The portfolio will be
concentrated into a small number of holdings at any one time and is likely to
contain influential minority stakes in public and private companies. Individual
holdings may from time to time exceed 25 per cent. of the Group's net assets.

With over 70 years of collective investment experience, the Directors consider
that they are well placed to execute the Group's investment strategy. Where
necessary, the Directors will make use of experienced in-house professionals and
a wide network of third party professional advisers to assist in the investment
process.

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares,
nominal value and issue price to which it seeks admission and the number and
type to be held as treasury shares):

Approximately 158,000,000 ordinary shares of 1.25p each


CAPITAL TO BE RAISED ON ADMISSION: None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:

Mr David Buchler (Non-Executive Chairman)
Mr Duncan Soukup (Non-Executive Deputy Chairman)
Mr Timothy Lovell (Chief Executive Officer)
Mr Christopher Wallis (Finance Director)
Mr George Wardale (Non-Executive Director)

Proposed Director

Mr John Radziwill (Non-Executive Director)


PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A 
PERCENTAGE OF THE ISSUED SHARE CAPITAL BEFORE AND AFTER ADMISSION:

Before admission:

Acquisitor Holdings Ltd - 28%
Baltimore plc Employee Benefit Trust - 8.7%
Goldman Sachs International - 5.61%
TD Waterhouse Nominees (Europe) - 4.39%
Barclayshare Nominees Limited  - 4.18%
David Buchler - 3.4%

After admission:

Acquisitor Holdings Ltd - 8.0%
Scottish Value Management - 12.2%
Talisman Global Asset Management - 5.83%
KBC Peel Hunt Limited - 5.7%
Duncan Soukup - 9.4%
Lionheart USA Micro-Cap Value LP - 4.2%
USA Micro-Cap Company Ltd - 7.27%


NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 
2, PARAGRAPH (H) OF THE AIM RULES:

None


ANTICIPATED ACCOUNTING REFERENCE DATE: 31 December


EXPECTED ADMISSION DATE:27 February 2006

NAME AND ADDRESS OF NOMINATED ADVISER: Seymour Pierce Limited, Bucklersbury 
House, 3 Queen Victoria Street, London, EC4N 8EL

NAME AND ADDRESS OF BROKER Seymour Pierce Limited, Bucklersbury House, 3 Queen 
Victoria Street, London, EC4N 8EL

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: Seymour Pierce
Limited, Bucklersbury House, 3 Queen Victoria Street, London, EC4N 8EL


DATE OF NOTIFICATION:  27 January 2006

NEW/ UPDATE (see note): NEW





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