Sch 1 - Premier Management Holdings Plc (2691Z)
March 13 2012 - 10:34AM
UK Regulatory
TIDMPMA
RNS Number : 2691Z
AIM
13 March 2012
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION
IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM
RULES")
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COMPANY NAME:
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Premier Management Holdings plc
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY
TRADING ADDRESS (INCLUDING POSTCODES) :
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Stonebridge House
Chelmsford Road
Hatfield Heath
Essex CM22 7BD
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COUNTRY OF INCORPORATION:
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UK
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED
BY AIM RULE 26:
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www.premiermgt.info
Following completion of the acquisition and approval of the
name change, expected to take effect on or after 30 March 2012,
the website address will change to:
www.premiergoldresources.com
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR,
IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING
POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE
TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
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The Main country of operation is Kyrgyzstan.
The Company was incorporated on 17 December 1999 as a public
limited company. On 17 March 2000 the Company's Ordinary Shares
were admitted to trading on AIM.
As announced on 27 October 2010 the Company has entered into
option deed pursuant to which the Company has been granted
an option to acquire the entire issued share capital of Central
Asia Resources Ltd ("CAR"). Following shareholder approval
of the Company's new investing policy at the general meeting
held on 12 November 2010, the Company is now focused on acquiring
controlling stakes in natural resources projects. The board
of the Company has decided to exercise this option. The acquisition
of CAR would constitute a Reverse Takeover under Rule 14 of
the AIM Rules for Companies and requires shareholder approval.
At that general meeting, shareholders will also be asked to
approve to change the name of the Company to Premier Gold Resources
Plc.
If the acquisition of Central Asia Resources Ltd. is approved
by Shareholders and completes, the Company's first project
will be the Cholokkaindy Project in the Kyrgyz Republic. The
Company is also targeting additional gold projects in the Kyrgyz
Republic in the near-term.
The Company currently has no fixed assets and no changes to
the location of the Company are envisaged at this time.
This admission is sought as a result of a reverse takeover.
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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):
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612,078,458 Ordinary Shares of .01p each, and
175,799,093 Warrants
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED
MARKET CAPITALISATION ON ADMISSION:
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Capital to be raised: nil
Expected market cap: tbc
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
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51.17 (to be confirmed)
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH
THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES
(INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:
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N/a
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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):
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Gerald "Gerry" Desler, Chairman and Finance Director
Richard Nolan, Chief Operating Officer
Dr Reza Tabrizi, Executive Director
Christian Schaffalitzky, Non-Executive Director
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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):
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Shareholder Number of Ordinary % of enlarged share
Shares capital
---------------------------- ------------------- --------------------
John McKeon 128,557,877 28.34
---------------------------- ------------------- --------------------
Barry Gold 87,138,699 14.24
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Mark Pearson 32,833,334 5.36
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T1ps Investment Management 31,140,853 5.09
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Noel Lyons 30,147,950 4.93
---------------------------- ------------------- --------------------
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (H) OF THE AIM RULES:
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N/A
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION
DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
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(i) 31 December
(ii) 30 June 2011
(iii) 30 June 2012, 30 September 2012 and 30 June 2013
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EXPECTED ADMISSION DATE:
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30 March 2012
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NAME AND ADDRESS OF NOMINATED ADVISER:
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Libertas Capital Corporate Finance Limited
17c Curzon Street
London W1J 5HU
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NAME AND ADDRESS OF BROKER:
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Rivington Street Corporate Finance
3rd Floor,
3 London Wall Buildings,
London Wall,
London EC2M 5SY
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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:
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Libertas Capital Corporate Finance Limited
17c Curzon Street
London W1J 5HU
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DATE OF NOTIFICATION:
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13 March 2012
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NEW/ UPDATE:
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New
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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