IRF Irf European Finance Investments Ltd

RNS Number:5471E
AIM
14 June 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:
IRF European Finance Investments Ltd.
COMPANY ADDRESS:
Canon's Court
22 Victoria Street
Hamilton
COMPANY POSTCODE:
HM12
COUNTRY OF INCORPORATION:
Bermuda
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:
IRF European Finance Investments Ltd. intends to invest in the financial services industry in Europe but with a
primary focus on credit institutions and insurance companies in Greece, Bulgaria, Romania and Turkey or other
countries in Southern Europe.
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):
Common shares of $0.0015 each
Number of common shares:
Existing                                               57,291,675
Number of warrants
Existing                                               91,666,680
CAPITAL TO BE RAISED ON ADMISSION:
None
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Angeliki Frangou - Chairman, Director
Andreas Vgenopoulos - Deputy Chairman, Director
Georgios Kintis -Chief Executive Officer, Director
Sheldon Goldman - Non-executive Director
John Karakadas - Non-executive Director
Alexander Meraclis - Non-executive Director
Dennis Malamatinas - Non-executive 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:
Ordinary shares



                                                                          After

Morstan Nominees Ltd                                                      20.9%
Angeliki Frangou                                                          15.7%
Andreas Vgenopoulos                                                       15.4%
New Smith                                                                  5.1%
Amaranth LLC                                                               4.4%
Funds controlled by York Investment Ltd. and its affiliates                7.3%
North Sound Legacy International Ltd.                                      3.1%


Warrants


                                                                          After

Morstan Nominees Ltd                                                      26.2%
Angeliki Frangou                                                          12.6%
Andreas Vgenopoulos                                                        7.3%
New Smith                                                                  6.3%
Funds controlled by York Investment Ltd and its affiliates                 9.1%
North Sound Legacy International Ltd.                                      3.9%
NCB Trust Limited                                                          3.6%
Goldman Sachs International Nominee                                        3.2%


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 December
EXPECTED ADMISSION DATE:
28 June 2006
NAME AND ADDRESS OF NOMINATED ADVISER:
Collins Stewart Limited, 9th Floor, 88 Wood Street, London EC2V 7QR
NAME AND ADDRESS OF BROKER:
Collins Stewart Limited, 9th Floor, 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:
The Admission Document will be available from the offices of Collins Stewart Limited, 9th Floor, 88 Wood Street,
London EC2V 7QR and will contain full details about the applicant and the admission of its securities
DATE OF NOTIFICATION:
14 June 2006

NEW/ UPDATE (see note):
Update





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