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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Qonnectis | LSE:QTI | London | Ordinary Share | GB00B61K8F13 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.225 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
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TIDMQTI
RNS Number : 2002Q
AIM
29 July 2010
+--------------------------------------------------------------------------+
| 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: |
+--------------------------------------------------------------------------+
| Qonnectis plc, to be renamed Water Intelligence plc |
| |
+--------------------------------------------------------------------------+
| COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY |
| TRADING ADDRESS (INCLUDING POSTCODES) : |
+--------------------------------------------------------------------------+
| REGISTERED OFFICE: St John's Innovation Centre, Cowley Road, |
| Cambridge, Cambridgeshire CB4 0WS |
| TRADING OFFICE: 888 Research Drive, Suite 100, Palm Springs, CA |
| 92262 |
| |
+--------------------------------------------------------------------------+
| COUNTRY OF INCORPORATION: |
+--------------------------------------------------------------------------+
| UK |
| |
+--------------------------------------------------------------------------+
| COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY |
| AIM RULE 26: |
+--------------------------------------------------------------------------+
| www.waterintelligence.co.uk |
| |
+--------------------------------------------------------------------------+
| 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: |
+--------------------------------------------------------------------------+
| The acquisition of American Leak Detection, Inc. ("ALD") by |
| Qonnectis plc will result in a reverse takeover under the AIM |
| Rules. On completion of the acquisition and prior to admission |
| to AIM, Qonnectis plc will change its name to Water Intelligence |
| plc. |
| |
| The enlarged group, of which the main country of operation will |
| initially be the United States, will focus on the accurate, |
| non-destructive detection of all types of leaks including hidden |
| water and sewer leaks, together with repair and other related |
| services, and will seek to address opportunities using ALD's |
| existing established international consumer base as a place from |
| which to grow. In addition to the expanded geographical reach, |
| the new board will seek to identify opportunities for the |
| enlarged group to cross-sell complimentary products and services |
| developed by Qonnectis to ALD's existing customers and |
| Qonnectis's prior municipal customers. |
| |
+--------------------------------------------------------------------------+
| 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): |
+--------------------------------------------------------------------------+
| 8,987,053 new ordinary shares of a nominal value of 1 pence per |
| share. No restrictions on the transfer of securities. |
| |
+--------------------------------------------------------------------------+
| CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND |
| ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
+--------------------------------------------------------------------------+
| Open Offer of 1,101,310 New Ordinary Shares at 75 pence per |
| share to raise GBP825,982.50. Anticipated market capitalisation |
| on admission (based on an issue price of 75 pence per share) of |
| GBP6.74 million. |
| |
+--------------------------------------------------------------------------+
| PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
+--------------------------------------------------------------------------+
| 68.04 per cent. |
| |
+--------------------------------------------------------------------------+
| DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE |
| AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES |
| (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED: |
+--------------------------------------------------------------------------+
| No other exchange or trading platform |
| |
+--------------------------------------------------------------------------+
| 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: |
| Harry John Miles Offer - Chairman and Proposed Non-Executive |
| Director |
| Barbara Joyce Spurrier - Interim Chief Executive and Finance |
| Director (to resign on admission) |
| Patrick Jude DeSouza - Non-Executive Director and Proposed |
| Executive Chairman |
| Stanford Philip Berenbaum - Non-Executive Director and Proposed |
| Chief Executive |
| |
| Proposed Directors: |
| Richard John "Ric" Piper - Proposed Non-Executive Director |
| (William) Michael Reisman - Proposed Non-Executive Director |
| Stephen Lee Leeb - 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): |
+--------------------------------------------------------------------------+
| |
| Prior to admission On Admission |
| |
| Number Percentage Number Percentage |
| of of issued of new of issued |
| existing share ordinary share |
| ordinary capital shares capital |
| shares |
| Plain Sight Systems, - - 1,866,380 20.77 |
| Inc. |
| Patrick DeSouza - - 2,691,607 29.95 |
| Stanford Berenbaum - - 1,070,926 11.92 |
| Bluehone Investors 100,000,000 18.34 477,777 5.32 |
| LLP |
| |
+--------------------------------------------------------------------------+
| NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE |
| 2, PARAGRAPH (H) OF THE AIM RULES: |
+--------------------------------------------------------------------------+
| None |
| |
+--------------------------------------------------------------------------+
| (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) 31 December |
| (ii) 31 December 2009 for both |
| Qonnectis plc and American Leak |
| Detection, Inc. |
| (iii) 30 September 2010 for the six |
| month period ended 30 June 2010 |
| 30 June 2011 for the year ended 31 |
| December 2010 |
| 30 September 2011 for the six month |
| period ended 30 June 2011 |
| |
+--------------------------------------------------------------------------+
| EXPECTED ADMISSION DATE: |
+--------------------------------------------------------------------------+
| 30 July 2010 |
| |
+--------------------------------------------------------------------------+
| NAME AND ADDRESS OF NOMINATED ADVISER: |
+--------------------------------------------------------------------------+
| Merchant Securities Limited, 51-55 Gresham Street, London EC2V |
| 7HQ |
| |
+--------------------------------------------------------------------------+
| NAME AND ADDRESS OF BROKER: |
+--------------------------------------------------------------------------+
| Merchant Securities Limited, 51-55 Gresham Street, London EC2V |
| 7HQ |
| |
+--------------------------------------------------------------------------+
| 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: |
+--------------------------------------------------------------------------+
| Merchant Securities Limited, 51-55 Gresham Street, London EC2V |
| 7HQ and www.qonnectis.com |
| |
+--------------------------------------------------------------------------+
| DATE OF NOTIFICATION: |
+--------------------------------------------------------------------------+
| 29 July 2010 |
| |
+--------------------------------------------------------------------------+
| NEW/ UPDATE: |
+--------------------------------------------------------------------------+
| UPDATE |
| |
+--------------------------------------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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