AIM Prospective Admission
August 11 2003 - 7:04AM
UK Regulatory
RNS Number:5275O
AIM
11 August 2003
ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS PRIOR TO ADMISSION
ALL APPLICANTS MUST COMPLETE THE FOLLOWING:
COMPANY NAME:
The Hartstone Group PLC
COMPANY ADDRESS:
17 Chiltern Business Centre, 63/65 Woodside Road, Amersham, Bucks,
COMPANY POSTCODE:
HP6 6AA
COUNTRY OF INCORPORATION:
England
COMPANY BUSINESS:
The Company is a holding company, the subsidiaries of which design, market and distribute branded leather goods,
mainly ladies shoes, handbags and other fashion accessories
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price):
435,000,000 ordinary shares of 1p each
16,265,184 8% cumulative convertible redeemable preference shares of 10p each
CAPITAL TO BE RAISED ON ADMISSION:
N/A
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Shaun Coleman Dowling Chairman
William Struan McBride Non-executive director
John Foster Bray Hunter Non-executive director
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
AS AT 14 JULY 2003
J O Hambro and associates 26.1%
Schroders Investment Management Ltd 6.7%
Veer Palthe Voute 4.2%
Shaun Dowling 4.1%
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES:
N/A
ANTICIPATED ACCOUNTING REFERENCE DATE:
31 March
EXPECTED ADMISSION DATE:
10 September 2003
NAME AND ADDRESS OF NOMINATED ADVISER:
Collins Stewart Limited, 88 Wood Street, London EC2V 7QR
NAME AND ADDRESS OF BROKER:
Collins Stewart Limited, 88 Wood Street, London EC2V 7QR
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:
N/A
DATE OF NOTIFICATION:
11 August 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 of the London Stock Exchange
THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:
25 July 1989
CONFIRMATION THAT THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS
SECURITIES TRADED UPON SUCH A MARKET:
Confirmed
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:
Collins Stewart, 88 Wood Street, London EC2V 7QR
DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS
OF ITS INVESTMENT STRATEGY:
The Group's strategy is to develop its accessories and retail business in the USA thereby enhancing their value
to shareholders. The board continues to consider all options relating to its US operations, including but not
limited to the sale and / or licensing of part of the US business and to developing those parts that are not sold
or licensed.
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:
Other than as disclosed in the Company's interim results for the 6 months ended 30 September 2002, announced on
13 December 2002 and in the Company's final results for the year ended 31 March 2003, announced on 29 July 2003,
there has been no significant change in the financial or trading position of the Company since the end of the
last financial period for which audited statements have been published.
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 the Company believe that its working capital will be sufficient 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:
The Company's shares are settled though CREST.
ADDRESS WHERE DOCUMENTS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES CAN BE VIEWED:
Travers Smith Braithwaite, 10 Snow Hill, London EC1A 2AL
INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:
All such information is public and is available for inspection at the offices of Travers Smith Braithwaite, 10
Snow Hill, London EC1A 2AL
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.
From 20 August 2003, the annual report for the Company for the year ended 31 March 2003 will be found on
www.etienneaigner.com
This information is provided by RNS
The company news service from the London Stock Exchange
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