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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kanyon | KNYN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.00 | 5.00 |
| Top Posts |
|---|
Posted at 22/10/2006 17:03 by leeson31 AIM05 October 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: Kanyon plc COMPANY ADDRESS: 17 Hanover Square, London W1S 1HU COMPANY POSTCODE: W1S 1HU COUNTRY OF INCORPORATION: United Kingdom 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: Kanyon is a recently incorporated company that has been established by the Directors to utilise their contacts and experience in order to invest in or acquire assets, businesses or companies in the hydrocarbon or mining exploration and development industries. The Directors intend to identify opportunities they believe have the potential to deliver a favourable return over the short and medium term. Acquisitions and investments may be funded with a combination of equity and cash, although the Company may also utilise debt under certain conditions. The Directors intend to be active investors and monitor any investments and/or acquisitions made by the Company. When assessing exploration and development opportunities, the Directors intend to focus on the following criteria: oil or mineral producing countries for which licence structures and right of title are well established; technical and geological potential; valuation; local partners; ready access to infrastructure; fiscal and commercial factors; and environmental policies In the event that no acquisition requiring shareholder approval is made within 18 months of Admission, it is the intention of the Directors to convene a meeting of the Shareholders to consider whether to continue seeking investment opportunities or to wind up the Company and distribute any surplus cash back to Shareholders. 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): 100,000,000 existing ordinary shares of nominal value of 0.1p each, fully paid ('Ordinary Shares'), plus 350,000,000 new Ordinary Shares to be placed at an issue price of 1p per share CAPITAL TO BE RAISED ON ADMISSION: £3.5 million gross FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: Matthew Leslie Sutcliffe (Non-executive Chairman) Michael Anthony Bretherton (Executive Director) Byron David Lloyd (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 Ora Capital Partners Plc - 57.0% Dolven Holdings Limited - 25.0% Bainunah Trading Limited - 15.0% After Admission Ora Capital Partners Plc - 52.67% Dolven Holdings Limited - 22.22% Bainunah Trading Limited - 13.33% Stephen James - 6.67% 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 January EXPECTED ADMISSION DATE: 10 October 2006 NAME AND ADDRESS OF NOMINATED ADVISER: Zimmerman Adams International Ltd New Broad Street House 35 New Broad Street London EC2M 1NH NAME AND ADDRESS OF BROKER: Hichens, Harrison & Co. plc Bell Court House 11 Blomfield Street London EC1M 1LB 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, which will contain full details about the applicant and the admission of its securities, will be available free of charge to the public at the offices of Zimmerman Adams International Limited, New Broad Street House, 35 New Broad Street, London EC2M 1NH, from the date of admission for a period of one month. DATE OF NOTIFICATION: 5 October 2006 NEW/ UPDATE (see note): Update This information is provided by RNS The company news service from the London Stock Exchange |
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