AIM Schedule 1 - Safestay Plc (0363X)

TIDMSSTY
RNS Number : 0363X
AIM
26 August 2015
 
         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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 Safestay Plc ("Safestay" or the "Company") 
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 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, 
  COMPANY TRADING ADDRESS (INCLUDING POSTCODES) 
  : 
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 Registered office: 
  1a Kingsley Way 
  London, N2 0FW 
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 COUNTRY OF INCORPORATION: 
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 England and Wales 
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 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION 
  REQUIRED BY AIM RULE 26: 
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 www.safestay.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 Company's strategy is to create a leading 
  brand of hostels under the name "Safestay". 
  Safestay and its subsidiaries (the "Group") 
  operates a new style of contemporary hostel, 
  designed to appeal to a broad range of guests. 
  Known as "boutique hostels" within the travel 
  industry, they are aimed at providing safe, 
  stylish accommodation which offers a more attractive 
  alternative to both traditional hostels and 
  budget hotel accommodation. 
  Having established a portfolio of three hostels 
  during 2014, the Group proposes to expand its 
  portfolio by acquiring a hostel in Edinburgh 
  for a consideration of GBP14.9 million, which 
  acquisition constitutes a reverse takeover under 
  Rule 14 of the AIM Rules. 
 
  The Company's main country of operation is the 
  UK. 
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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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 Up to 16,281,129 ordinary shares of 1p each 
  No shares held in treasury. 
  No restrictions as to transfer of the securities. 
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 CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) 
  AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: 
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 Capital raised: up to GBP9.34 million (comprising 
  GBP8.35 million (before expenses) pursuant to 
  a firm placing and up to GBP0.994 million (before 
  expenses) pursuant to an open offer) 
  Anticipated market capitalisation on Admission: 
  GBP22.0 million (at the placing price of 62p 
  per share) assuming the open offer is fully 
  subscribed 
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 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS 
  AT ADMISSION: 
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 TBC% 
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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: 
-------------------------------------------------------------- 
 Not Applicable 
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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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 Larry Glenn Lipman, Chairman 
  Philip James Houghton, Chief Executive 
  Colin Michael Stone, Finance Director 
  Stephen David Moss, 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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 Before Admission: 
  Miton Group Plc 29.9% 
  Safeland Holdings 12.1% 
  River & Mercantile Asset Management 7.8% 
  Ord Minnett Limited 7.4% 
  Slater Investments Limited 3.5% 
  GHC Capital Markets Limited 3.5% 
  Sanlam Private Investments (UK) Limited 3.1% 
 
  After Admission: 
  Miton Group Plc TBC% 
  Safeland Holdings TBC% 
  River & Mercantile Asset Management TBC% 
  Ord Minnett Limited TBC% 
  Slater Investments Limited TBC% 
  GHC Capital Markets Limited TBC% 
  Sanlam Private Investments (UK) Limited TBC% 
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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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 Not Applicable 
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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) 31 December 2014 
             (iii) 30 September 2015 (interim report for 
             the six months ended 30 June 2015) 
             30 June 2016 (annual report for the twelve months 
             ending 31 December 2015) 
             30 September 2016 (interim report for the six 
             months ending 30 June 2016) 
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 EXPECTED ADMISSION DATE: 
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 10 September 2015 
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 NAME AND ADDRESS OF NOMINATED ADVISER: 
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 Westhouse Securities Limited 
  110 Bishopsgate 
  London, EC2N 4AY 
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 NAME AND ADDRESS OF BROKER: 
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 Westhouse Securities Limited 
  110 Bishopsgate 
  London, EC2N 4AY 
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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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 The Admission Document, which contains full 
  details about the applicant and the admission 
  of its ordinary shares to AIM, is available 
  on the Company's website (www.safestay.com) 
  in accordance with AIM Rule 26. 
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 DATE OF NOTIFICATION: 
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 26 August 2015 
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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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