Celadon Pharmaceuticals Share Discussion Threads

[fludde] 20/2/2008 11:16

Well if the anticipated price of 9p materialises it won't be worth selling.

May as well hold on and wait and see on the basis that they can't get it wrong all he time!

[suits you] 19/2/2008 21:47

5th March, it is then

AIM
19 February 2008


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:
Sweet China plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :
6 Newburgh Street, London, W1F 7RQ

COUNTRY OF INCORPORATION:
England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
www.sweetchinaplc.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTING STRATEGY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
STATED:

Sweet China was initially admitted to AIM on 31 March 2005, in order to acquire companies or businesses, or
interests in companies or businesses, operating in the manufacturing and marketing of products in the
confectionary and gift food markets, primarily focused on mainland China and Hong Kong, which the Board believes
have the prospect of delivering high returns and significant capital growth to Shareholders. The Directors
believe that in order to fulfil its strategy, Sweet China requires a reinstatement of its quotation on AIM,
following the cancellation of trading in its shares on 30 May 2006.

Sweet China has, conditional only upon Admission, agreed to acquire the entire issued share capital of Essential
Box Confectionery Limited (''EBC'').

The Directors further believe that the Acquisition is not only an important first step towards achieving this
strategy, but is one which will provide a commercial platform working base for other acquisitions and
developments already under negotiation and in the future.

EBC is a UK holding company for the Essential Box Hong Kong Limited ('EBHK'), its Hong Kong incorporated, wholly
owned subsidiary. EBHK commenced trading in February 2003 and designs, currently manufactures (by way of
subcontracted operations in China) and sells confectionery and related products into approximately nine countries
worldwide. EBHK's primary markets are Australia, North America and the UK.

The EBC Group owns three main brand names, Jessica Walker, Lings and Candycraft. The Jessica Walker brand was
launched in Australia in Spring 2005 and has a range of hand finished chocolates. The Lings brand, has
traditionally been associated with Turkish Delight and other traditional confectionery and has existed since
1922. Candycraft is involved in the production of novelty confectionery items including jelly bean dispenser
products

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):
88,764,767 ordinary shares of £0.01 each

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
£2.7 million to be raised on admission
£8 million market capitalisation

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
54%

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:
n/a

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):
David Zulman, Non-Executive Chairman
Martin Frost, Executive Deputy Chairman
Christopher Cleverly, Chief Executive
Sun Xiao (Tom Sun), Non-Executive Director
John Gleave, Finance 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):
Before Admission After Admission

Robert Walker 33.11% 5.63%
Ian Walker 1.85% 46.50%
James Chapel (Nominees)
Limited 6.62% 1.13%
Shyde Investments Limited 16.56% 2.81%
Ciaran McGerrick 3.31% 1.23%
Himanshukumar Shah 3.84% 0.65%
OMX Securities Nominees
Limited 3.31% 0.56%
Christopher Cleverly 36.82% tbc
Darlington Portfolio
Nominees Limited 7.54% 1.28%

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

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:
(i) 30 April

(ii) 30 April 2007

(iii) 5 March 2008 (interims to 31 October 2007), 31 October 2008 (finals to 30 April 2008), 31 January 2009
(interims to 31 October 2008)


EXPECTED ADMISSION DATE:
5 March 2008

NAME AND ADDRESS OF NOMINATED ADVISER:
Zimmerman Adams International Limited
12 Camomile Street
London
EC3A 7PT

NAME AND ADDRESS OF BROKER:
Zimmerman Adams International Limited
12 Camomile Street
London
EC3A 7PT

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:
Reed Smith Richards Butler LLP
Minerva House
5 Montague Close
London SE1 9BB

DATE OF NOTIFICATION:
19 February 2008

[william-just] 18/2/2008 07:25

True to form then, reminds me of CYC Ahhhh!

[suits you] 18/2/2008 07:24

W-J

You will have to adjust your time scale. So far they have not published an AIM Schedule 1 notice, which has to be issued at least 10 working days before admission. Only then will we get the admission date.

[william-just] 18/2/2008 07:15

8 trading days left then this one is back,will it be a goer this time!

[william-just] 14/2/2008 21:03

well only 14 days more to go

[tofftrader] 14/2/2008 13:42

I was thinking the same, suits. They'll probably use the "market conditions aren't favourable" excuse if it's late - these muppets have had terrible timing to date.

[fludde] 14/2/2008 12:46

Given the SWC concept of time I suspect we should not hold our breath......

[suits you] 14/2/2008 12:41

For long term suffers here. We need an AIM schedule 1 noticed to be published today, otherwise the expected date of re-admission as per the the RTO document being the 28th, will not materialise. Requires 10 working days notice of re-admission.

[william-just] 05/2/2008 19:45

But can CYC borrow against their holding?

[dr jekyll] 05/2/2008 15:23

Which presumably means they are not desperate for it nor is the prospective RTO company?

[suits you] 04/2/2008 18:14

W-J

Agree but have you seen lock-in agreement CYC have signed just recently. It is written in RTO document, see my post on CYC thread. CYC have agreed not to sell SWC for at least 1 year and the following year only through agreement SWC's broker. Looks like CYC will not be offloading SWC in short term to raise cash.

[dr jekyll] 04/2/2008 14:52

Me too William.

[william-just] 04/2/2008 13:26

Suits, I hope that this will allow cyc to get an rto sorted as most of my cash is locked in that one.

[suits you] 04/2/2008 10:39

Dr J

I would expect an AIM schedule 1 RNS for SWC shortly, followed by an update after 21Feb when placing closes, hopefully this will indicate where major placing has gone. Have to agree with W-J, no short term cheer for those who have been locked in for 2 years at much higher SP, just have to wait, at least the Co will be returning to the market.

[dr jekyll] 04/2/2008 10:30

Good point suits. Let's hope it is to institutions.

[suits you] 04/2/2008 10:29

Comments on EB RTO admission document

30M placing at 9p. No indication yet to major placees, if this goes to a City Equity type, then IMO price will be held above 9p to allow them to pump out the stock to their clients. If placing goes to an Institutions who may hold for longer term then expect a some volatile share price movement as little free float stock may be available.

Around 210K has just recently been loaned to the Co by certain individuals, the loans can be converted into shares @ 6p on admission.

Document mentions peers to Essential Box who historically trade at around a PE of 14. Those are Co's Glisten and Zetar.

[william-just] 03/2/2008 11:07

So it looks like we are back at 9p open and all us long holders at near 40p.

[william-just] 02/2/2008 16:07

RTO.
Total of shares on relishing 88,764,767
Capitalisation on completion £7,988,829
Placing of 30,000,000 at 9p

If all goes to plan readmission to aim 28th Febuary.

[tofftrader] 02/2/2008 13:38

Good man suits, thanks for the info.

[suits you] 02/2/2008 11:51

Admission document received this morning, proposed admission date 28 Feb.
More details to follow once had the chance to read thru

[tofftrader] 29/1/2008 14:26

It's a different bunch of people running it, but the same result it would seem. An absolute disgrace IMO.

[william-just] 29/1/2008 07:07

Well it's the 29th and no rto papers, this one must be run by the same guy as cyc. I will sell as soon as it relists.

[fludde] 28/1/2008 08:34

That is what I would call a selling opportunity!

[robbuff] 27/1/2008 09:06

Can some one confirm this please. I have a halifax share builder account, sweet china price 497.913 What is going on.