Share Name Share Symbol Market Type Share ISIN Share Description
Alexander Mining Plc LSE:AXM London Ordinary Share GB00B06K1665 ORD 0.001P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.0275 0.025 0.03 0.00 0.00 0.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.5 -0.0 - 1

AIM Schedule One - Alexander Mining Plc

20/12/2019 10:00am

UK Regulatory (RNS & others)


TIDMAXM

RNS Number : 6437X

AIM

20 December 2019

 
     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: 
 
   Alexander Mining Plc (to be renamed eEnergy Group plc on Admission) 
   (the "Company" or "Alexander Mining") 
 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY 
  TRADING ADDRESS (INCLUDING POSTCODES) : 
 
   Registered Office: Salisbury House, London Wall, London EC2M 
   5PS 
 
   Trading address: 1-3 The Green, Malahide, County Dublin, Ireland 
 COUNTRY OF INCORPORATION: 
 
   England and Wales 
 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED 
  BY AIM RULE 26: 
 
   Currently: www.alexandermining.com 
 
   From Admission: www.eenergyplc.com 
 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: 
 
   On 25 September 2019, the Company announced that it intended 
   to dispose of its wholly owned subsidiary, MetaLeach Limited, 
   and make an acquisition which constituted a reverse takeover 
   under Rule 14 of the AIM Rules. On 29 November 2019, the Company 
   announced that it was seeking a suspension of trading in its 
   shares on AIM and was seeking to acquire the entire issued 
   share capital of eLight Group Holdings Limited ("eLight") and, 
   inter alia, undertake a placing, share consolidation, disposal 
   of MetaLeach and change of name to eEnergy Group plc, subject 
   to shareholder approval. 
 
   Following Admission, the main countries of operation will be 
   UK and Ireland. 
   eLight is an "Energy Efficiency as a Service" Republic of Ireland 
   registered company which provides commercial customers with 
   immediate energy and cost reductions with zero upfront investment 
   by delivering Light-as-a-Service. eLight had revenues of approximately 
   EUR4.5 million and loss before tax of approximately EUR1.6 
   million in the period to 30 June 2019. 
   eLight has built a strong position in the UK and Ireland, offering 
   customers the ability to switch to LED lighting technology 
   without capital investment, improve the quality of their lighting 
   and reduce their carbon footprint. eLight's service agreements 
   provide customers with a fully maintained solution for the 
   term of the agreement. 
   The monthly energy savings which are unlocked are more than 
   the monthly service fee, so customers generate immediate positive 
   cash flow in addition to reducing their carbon footprint. 
   Energy efficiency upgrades are typically capital intensive, 
   which has traditionally acted as a barrier for organisations 
   looking to reduce their energy consumption. eLight removes 
   these barriers with its service agreement-based business model. 
   The market in the EU for energy efficiency services in 2017 
   was approximately EUR25 billion and is expected to double by 
   2025. 
   eLight can also provide customers with LED lighting installation 
   services under a traditional "supply and install" service. 
   eLight's use of performance-insured contracts for its customers 
   and partnerships with providers of project finance in the UK 
   and the Eurozone enables it to generate positive cashflows 
   upon completion of an installation, with no residual credit 
   exposure to the customer under the service agreement. 
   eLight has secured contracts directly with certain of the world's 
   leading technology manufacturers, bypassing distributors and 
   wholesale channels to ensure a competitive advantage for its 
   projects, and is in negotiations with a leading green and clean 
   technology funding partner to obtain a dedicated fund for its 
   energy service agreements. 
 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): 
 
   Number of New Ordinary Shares of 0.3 pence each to be admitted 
   following consolidation: 
 
   New Ordinary Shares: 130,926,167 
 
   Issue price per new ordinary share: 7.5 p 
 
   All of the Company's AIM securities will be freely transferable. 
 
   No ordinary shares will be held as treasury shares on Admission 
   to AIM. 
 CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) 
  AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: 
 Capital to be raised on admission: GBP2 million 
 
  Anticipated market capitalisation on admission: GBP9.8 million 
 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 
 
   41.9% 
 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: 
 
   None 
 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): 
 
   Existing Directors: 
   Alan Mitchell Clegg - Non-Executive Chairman 
   Martin Lovatt Rosser - Chief Executive Officer 
   James Snaddon Bunyan - Non-Executive Deputy Chairman 
   Dr Nigel John Burton - Non-Executive Director 
 
   Proposed Directors: 
 
   David William Nicholl - Non-Executive Chairman 
   Harvey Ian Sinclair - Chief Executive Officer 
   Richard ("Ric") Mark Williams - Chief Financial Officer 
   Andrew Robin Lawley - Non-Executive Director 
   Dr Nigel John Burton - 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): 
   Shareholder                         % Holding        % Holding 
                                         pre Admission    post Admission 
    Hawk Investments Holdings Ltd           11.41             9.93 
                                       ---------------  ---------------- 
    Mr Kevin Byrne                           4.13             0.97 
                                       ---------------  ---------------- 
    Dr Simon Gibeon                          4.13             0.97 
                                       ---------------  ---------------- 
    Dr Nigel John Burton                     3.14             0.35 
                                       ---------------  ---------------- 
    Harvey Sinclair (CEO)                     -               15.77 
                                       ---------------  ---------------- 
    Ian McKenna (MD Ireland)                  -               15.77 
                                       ---------------  ---------------- 
    Stella Murphy (Founder investor)          -               14.56 
                                       ---------------  ---------------- 
    David Nicholl (Chairman)                  -               10.03 
                                       ---------------  ---------------- 
    Marian Rainey                                             3.97 
                                       ---------------  ---------------- 
 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 
  2, PARAGRAPH (H) OF THE AIM RULES: 
 The following persons have received from the Company within 
  twelve months preceding the Company's application for Admission 
  fees totalling GBP10,000 or more: 
 
  Wrays; 
  Nicholas Welham; 
  Druces LLP; and 
  John A Getty 
 (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: 
 
   (i) 30 June. 
 
   (ii) 30 June 2019. 
 
   (iii) 30 June 2020, 31 December 2020, 31 March 2021 
 EXPECTED ADMISSION DATE: 
 
   9 January 2020 
 NAME AND ADDRESS OF NOMINATED ADVISER: 
 
   Cairn Financial Advisers LLP 
   Cheyne House 
   Crown Court 
   62-63 Cheapside 
   EC2V 6AX 
 NAME AND ADDRESS OF BROKER: 
 
   Turner Pope Investments (TPI) Ltd 
   8 Frederick's Place 
   London 
   EC2R 8AB 
 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: 
 
   Cairn Financial Advisers LLP 
   Cheyne House 
   Crown Court 
   62-63 Cheapside 
   EC2V 6AX 
 
   The admission document will contain full details about the 
   applicant and the admission of its securities 
 THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO 
  APPLY 
 
   QCA Corporate Governance Code 
 DATE OF NOTIFICATION: 
 
   20 December 2019 
 NEW/ UPDATE: 
 
   New 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 20, 2019 05:00 ET (10:00 GMT)

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