Schedule 1 - Netcall plc

 

TIDMNET TIDMTPH 
 
RNS Number : 4405P 
AIM 
15 July 2010 
 

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|                      ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION                        | 
|                       IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM                        | 
|                                                  RULES")                                                    | 
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| COMPANY NAME:                                                                                               | 
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| Netcall plc                                                                                                 | 
|                                                                                                             | 
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| COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY                                                 | 
| TRADING ADDRESS (INCLUDING POSTCODES) :                                                                     | 
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| 10 Harding Way                                                                                              | 
| St Ives                                                                                                     | 
| Cambridgeshire                                                                                              | 
| PE27 3WR                                                                                                    | 
|                                                                                                             | 
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| COUNTRY OF INCORPORATION:                                                                                   | 
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| UK                                                                                                          | 
|                                                                                                             | 
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| COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY                                              | 
| AIM RULE 26:                                                                                                | 
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| www.netcall.com                                                                                             | 
|                                                                                                             | 
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| 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:                                                             | 
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| Netcall is a Cambridge based company and its ordinary shares are                                            | 
| admitted to trading on                                                                                      | 
| AIM. Netcall designs, develops and markets a range of callback,                                             | 
| auto messaging and contact and workforce management solutions to                                            | 
| organisations of a wide range of sizes and industry sectors,                                                | 
| including many blue-chip companies. Netcall generates revenue                                               | 
| from software licences, plus support and maintenance and the                                                | 
| provision of its products through a software as a service (SaaS)                                            | 
| model. The run rate aggregate revenues from support and                                                     | 
| maintenance and the SaaS model are of a recurring nature and                                                | 
| exceed the Netcall Group's operating costs.                                                                 | 
|                                                                                                             | 
| On 1 June 2010, Netcall and Telephonetics plc ("Telephonetics")                                             | 
| announced that they had agreed the terms of a recommended                                                   | 
| acquisition by Netcall of the entire ordinary share capital of                                              | 
| Telephonetics. Telephonetics is a UK-based company quoted on AIM                                            | 
| that provides business solutions that enable its clients to                                                 | 
| streamline the interaction with their own customers, thereby                                                | 
| enhancing service levels, increasing efficiency and reducing                                                | 
| overall operating costs. These solutions are built on its own                                               | 
| platforms: SEMAP+ communications platform (Speech Enabled                                                   | 
| Multi-Application Platform) which blends advanced speech                                                    | 
| recognition and voice automation; and Eden which enables data                                               | 
| integration.                                                                                                | 
|                                                                                                             | 
| Netcall identified Telephonetics' product portfolio and customer                                            | 
| base as being complementary to Netcall and believes that the                                                | 
| acquisition is synergistic. The acquisition of Telephonetics is                                             | 
| a reverse take-over for Netcall under Rule 14.                                                              | 
|                                                                                                             | 
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| 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):                                                                                                    | 
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| Re-admission of up to 121,822,293 ordinary shares of 5 pence                                                | 
| each (assuming no Netcall shares are issued pursuant to the                                                 | 
| exercise of options or warrants over Netcall shares prior to                                                | 
| admission of the new Netcall shares and that all in-the-money                                               | 
| options held by Telephonetics option holders are exercised)                                                 | 
|                                                                                                             | 
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| CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND                                                       | 
| ANTICIPATED MARKET CAPITALISATION ON ADMISSION:                                                             | 
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| No capital will be raised on admission. Expected market                                                     | 
| capitalisation - to be confirmed.                                                                           | 
|                                                                                                             | 
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| PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:                                              |