GRP Greencoat Renewables Plc

RNS Number:8036J
AIM
02 October 2006




ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2


ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:

GruppeM Investments PLC


COMPANY ADDRESS:

Suite 1.3, Buckingham Court
78 Buckingham Gate
London SW1E 6PD

COMPANY POSTCODE:

SW1E 6PD


COUNTRY OF INCORPORATION:

England & Wales


COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN
ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:

The Company was established for the purpose of making investments in, inter alia, motor retailing in China and
the Far East.

The Directors believe that, given the current market conditions in China, good opportunities exist for
investment in motor retailing high value European sports cars.  The trend is demonstrated by the number of
marques entering China, which is now the world's third-largest car market.

Following the Company's admission to AIM, which was effective on 18 February 2005, the Directors have evaluated
various opportunities in China in conjunction with Kenny Chen, Managing Director, whose connected companies,
trading under the 'GruppeM' name, have existing business interests in China and the Far East. In particular,
GruppeM Hong Kong Limited, owned by Pinocelle SA, a nominee company of Kenny Chen, has recently established a
motor retailing business operating in Qingdao, Shandong Province in China, trading in Porsche cars.  GruppeM
Hong Kong has secured the distribution rights for trading Porsche cars within Shandong Province and the
Directors believe that the trading of Porsche cars, including used Porsche cars, has significant potential for
growth within China.

The Company has reached agreement, subject, inter alia, to the approval of Shareholders (other than Kenny Chen
and his father, Stephen Chen, Director, as a result of their interest in the transaction) to acquire from
Pinocelle, the entire issued share capital of GruppeM Hong Kong (the "Acquisition"), which the independent
Directors believe represents a significant acquisition opportunity for the Company in-line with its stated
strategy, for an aggregate consideration of #4 million to be satisfied by the issue of 80 million new Ordinary
Shares at 5p per share.


DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to
which it seeks admission and the number and type to be held as treasury shares):

Admission of the enlarged issued share capital following the Acquisition, subject to Shareholders' approval at
an EGM on 25 October 2006, comprising 100,000,000 Ordinary Shares of 1p each at 5p per share


CAPITAL TO BE RAISED ON ADMISSION:

N/A


FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:

Existing Directors
The Rt. Hon. The Lord (Richard) Marsh of Mannington Kt. (Non-Executive Chairman)
Kenny Jen-Te Chen (Managing Director)
Paul Thomas McIlwaine ACA (Finance Director)
Raymond Kwok Kit Man (Executive Director - dealership development)
Stephen Yuan-Ching Chen (Non-Executive Chairman)

Proposed Director

Julian Michael Wrangham Hardy (Sales Director)


PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE
CAPITAL BEFORE AND AFTER ADMISSION:
CURRENT

Directors
Kenny Chen, through Pinocelle SA 75.0%
Raymond Man 5.0%
Stephen Chen 5.0%


FOLLOWING ADMISSION

Directors
Kenny Chen, through Pinocelle SA 75.5%
Raymond Man 5.0%
Stephen Chen 5.0%
Other
Noble Hill Overseas Holdings Limited 4.0%


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

N/A


ANTICIPATED ACCOUNTING REFERENCE DATE:

31 December 2006


EXPECTED ADMISSION DATE:

30 October 2006


NAME AND ADDRESS OF NOMINATED ADVISER:

Shore Capital and Corporate Limited
Bond Street House
14 Clifford Street
London W1S 4JU


NAME AND ADDRESS OF BROKER:

Shore Capital Stockbrokers Limited
Bond Street House
14 Clifford Street
London W1S 4JU


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:

The admission document which will contain full details about the applicant and the admission of its securities
will be available from:


Shore Capital and Corporate Limited
Bond Street House
14 Clifford Street
London W1S 4JU

It is available on www.gruppemplc.com


DATE OF NOTIFICATION:

2 October 2006


NEW/ UPDATE (see note):

New




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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