AIM Prospective Admission
July 03 2003 - 11:40AM
UK Regulatory
RNS Number:1434N
AIM
03 July 2003
ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS PRIOR TO ADMISSION
ALL APPLICANTS MUST COMPLETE THE FOLLOWING:
COMPANY NAME:
Airsprung Furniture Group PLC
COMPANY ADDRESS:
Canal Road, Trowbridge, Wiltshire
COMPANY POSTCODE:
BA14 8RQ
COUNTRY OF INCORPORATION:
England & Wales
COMPANY BUSINESS:
The core business is the manufacture of beds and upholstery
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price):
23,888,698 ordinary 10p shares
CAPITAL TO BE RAISED ON ADMISSION:
Nil
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Philip Gabriel Bradshaw, Non Executive Chairman
Antonio Lisanti, Chief Executive Officer
Andrew John Rose Alsop, Financial Director
Jeremy Patrick Yates, Director
Stephen Graham Warriner Yates, Director
Antony Craven Chambers, Non Executive Director
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
STATING WHETHER BEFORE OR AFTER ADMISSION:
Name of Number of shares Approximate %
issued shares
J G Yates* 5,400,466 22.60
Redbird Holdings SA 4,786,000 20.03
Schroder Investment Management Ltd 1,734,752 7.40
Fidelity Management Research Company 950,000 4.0
JP Yates 2,315,762 9.7
SGW Yates 2,300,158 9.6
*Mr JG Yates is recently deceased and his shares are currently held in his estate.
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES:
Bradshaw Business Consultants Limited and A C Chambers Esq trading as Nythe Estate Enterprises
Both of Canal Road, Trowbridge, Wiltshire
ANTICIPATED ACCOUNTING REFERENCE DATE:
31 March
EXPECTED ADMISSION DATE:
1 August 2003
NAME AND ADDRESS OF NOMINATED ADVISER:
Rowan Dartington & Co. Limited, Colston Tower, Colston Street, Bristol BS1 4RD
NAME AND ADDRESS OF BROKER:
Rowan Dartington & Co. Limited, Colston Tower, Colston Street, Bristol BS1 4RD
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:
No admission document - transfer from the Official List
DATE OF NOTIFICATION:
2 July 2003
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
THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:
19 July 1991
CONFIRMATION THAT THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS
SECURITIES TRADED UPON SUCH A MARKET:
The directors confirm that, having made due and careful enquiry, the Company has adhered to the legal and regulatory
requirements involved in having its securities traded on the Official List.
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:
Tean Dallaway, Company Secretary, (address as above)
DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF
ITS INVESTMENT STRATEGY:
The strategy of the Group is focused on beds and upholstery manufacture and supply, predominantly on the UK Market
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:
None.
A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT ITS WORKING CAPITAL WILL BE
INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:
The Directors of Airsprung Furniture Group PLC have no reason to believe that its working capital will be
insufficient for at least twelve months from the date of its admission
DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:
N/A
A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:
CREST
A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:
www.airsprung-furniture.co.uk
INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:
None.
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. THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR
INTERNATIONAL ACCOUNTING STANDARDS.
www.airsprung-furniture.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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