GHF Greenhouse

    RNS Number : 8128A
  AIM
  06 August 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:
 The Greenhouse Fund Limited (to be renamed Molectra Group Limited)

 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
 (INCLUDING POSTCODES) :
 BNP House, Anley Street, St Helier, Jersey Channel Islands, JE2 3QE

 COUNTRY OF INCORPORATION:
 Jersey

 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
 Currently - www.greenhousefund.co.uk
 On Admission - www.molectragroup.co.uk

 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:
 Admission is sought following a reverse takeover. The Greenhouse Fund Limited
 will cease being an externally managed investment entity and will become an
 internally managed company whose principal investment and only operating
 business (tyre re-cycling) will be based and managed in Australia through its
 wholly owned subsidiary, Molectra Australia Pty Ltd.  Molectra Australia Pty
 Ltd operates a waste tyre re-cycling facility in Brisbane, Australia. The
 business is based on a process that re-cycles and recovers materials
 including crumb rubber (and, following further processes, oils and carbon)
 from used vehicle tyres. The technology generates rubber granules known as
 ''crumb rubber'' from waste tyres which can then be re-bonded into a range of
 moulded rubber products. In order to reflect it's new activities it is
 proposed that The Greenhouse Fund Limited's name be changed to Molectra Group
 Limited.

 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):
 203,225,000 participating shares of no par value. Expected issue price of
 6.63 pence per share. No shares will be held in treasury. 

 CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET
 CAPITALISATION ON ADMISSION:
 No capital raised, admission pursuant to reverse takeover. 
 Expected market capitalisation of �13.5 million. 

 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
 Following admission 41.70% of AIM securities are not in public hands

 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 - not traded on any other exchange or 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):
 Roger Charles Maddock - Non-Executive Director
 William Roger King - Non-Executive Director
 Paul Terrence Gazzard - Chief Executive Officer
 Rodger David Sargent - Chief Financial Officer
 John Geza Dobozy - Chief Technical Officer
 David Stanley Hassum - 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):

 Shareholder Prior Admission Post Admission
   Amount % Amount % 
 Molectra Technologies Pty Ltd     - - 30,493,760       15.00
 Molectra Holdings Pty Ltd    -    -    16,000,000    7.87
 Hydrodec Group plc    30,000,000    19.33    30,000,000    14.76
 PIHL Equity LLP    17,500,000    11.27    17,500,000    8.61
 Mr David Perry Gaskell    14,475,000    9.32    14,475,000    7.12
 ODL Nominees Ltd.    14,090,000    9.08    14,090,000    6.93
 Roy Nominees Ltd.    8,000,000    5.15    8,000,000    3.93
 JM Finn Nominees Ltd.    7,081,774    4.56    7,081,774    3.48
 Chase (GA Group) 
 Nominees Ltd.    7,000,000    4.51    7,000,000    3.44
 Credit Agricole Cheuvrex Intl.   6,800,000    4.38    6,800,000    3.35
 Smith & Williamson 
 Nominees Ltd.    4,800,000    3.09    4,800,000    2.36

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

 N/A

 * ANTICIPATED ACCOUNTING REFERENCE DATE 
 * DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS
 BEEN PREPARED (this may be represented by unaudited interim financial
 information)
 * DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM
 RULES 18 AND 19:
 (i) Accounting reference date - 31 December
 (ii) 31 December 2007
 (iii) 1. Half yearly report due by 30 September 2008
   2. Annual accounts due by 30 June 2009
   3. Half yearly report due by 30 September 2009
 EXPECTED ADMISSION DATE:
 13 August 2008

 NAME AND ADDRESS OF NOMINATED ADVISER:
 Matrix Corporate Capital LLP
 One Vine Street
 London W1J 0AH
 United Kingdom

 NAME AND ADDRESS OF BROKER:
 Matrix Corporate Capital LLP
 One Vine Street
 London W1J 0AH
 United Kingdom

 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:
 Copies of the AIM Admission Document will be available free of charge during
 normal business hours on any week day (Saturdays, Sundays and public holidays
 excepted) until the date following one month after the date of Admission from
 the Company's registered office at BNP House, Anley Street, St Helier, Jersey
 and from the offices of Norton Rose LLP at 3 More London Riverside, London
 and, thereafter, on the Company's website at www.molectagroup.co.uk
 DATE OF NOTIFICATION:
 6 August 2008

 NEW/ UPDATE:
 New



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The company news service from the London Stock Exchange
 
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