Schedule 1 - Dart Group PLC

RNS Number:9360O
AIM
15 July 2005


          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:
Dart Group PLC
COMPANY ADDRESS:
Building 470, Bournemouth International Airport, Christchurch, Dorset
COMPANY POSTCODE:
BH23 6SE
COUNTRY OF INCORPORATION:
England
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:
Aviation services and distribution group
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):
34,550,192 issued ordinary shares of 5p each

No treasury shares
CAPITAL TO BE RAISED ON ADMISSION:
None
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Philip Hugh Meeson, Group Chairman and Chief Executive

Michael Edward Forder, Group Finance Director

Trevor Patrick Crowley, Senior Independent Non-Executive Director

Brian Stephen Templar,  Independent 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:
Philip Meeson                                                         40.69%

Schroder Capital Management Inc.                                      11.35%

Aberforth Partners                                                    9.25%

Framlington Group PLC                                                 6.64%

Barclays PLC                                                          4.29%

None of the shareholders shown above has any voting right different from those of all holders of ordinary shares
in the Company.
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES:
Not applicable.
ANTICIPATED ACCOUNTING REFERENCE DATE:
31 March
EXPECTED ADMISSION DATE:
15 August 2005
NAME AND ADDRESS OF NOMINATED ADVISER:
Smith & Williamson Corporate Finance Limited

No 1 Riding House Street, London, W1A 3AS
NAME AND ADDRESS OF BROKER:
Collins Stewart Limited

9th Floor, 88 Wood Street, London EC2V 7QR
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:
As this is a fast track admission of a quoted applicant, there will be no admission document.  All information
equivalent to that required for an admission document is available at www.dartgroup.co.uk or otherwise currently
public.
DATE OF NOTIFICATION:
15 July 2005
NEW/ UPDATE (see note):
New


QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:
Official List of the UK Listing Authority
THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:
1 July 1991
CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY
REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET:
Dart Group PLC and the directors of Dart Group PLC, having made due and careful enquiry, confirm that, as at the
date hereof, Dart Group PLC has adhered to the legal and regulatory requirements of having its securities traded
on the Official List of the UK Listing Authority.
AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE
LAST TWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:
www.dartgroup.co.uk
DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS
OF ITS INVESTMENT STRATEGY:
The company will continue to follow its strategy as set out in the latest annual report available on
www.dartgroup.co.uk.
A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED
SINCE THE END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:
As at 31 March 2005, the Group held net cash (in excess of bank debt) of approximately #2.4 million.  At the date
hereof, the Group's net indebtedness is approximately #8.2 million.  This movement relates principally to the
funding of consideration paid on the purchase of two aircraft as announced on 16 May 2005.
A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILIABLE TO
IT OR ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:
The directors of Dart Group PLC have no reason to believe that the working capital available to it or its group
will be insufficient for at least 12 months from the date of its admission.
DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:
Not applicable.
A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:
The securities of Dart Group PLC are settled on Crest.
A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:
www.dartgroup.co.uk
INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:
This information has, on the date of notification stated above, been placed on the company's website at
www.dartgroup.co.uk.
A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A
FINANCIAL YEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND FULLY AUDITED INTERIM RESULTS WHERE
APPLICABLE.  THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS:
www.dartgroup.co.uk
THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:
Not applicable.




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