AIM Schedule 1 - Stratmin Global Resources Plc (4814V)
January 14 2013 - 7:46AM
UK Regulatory
TIDMSTGR
RNS Number : 4814V
AIM
14 January 2013
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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Stratmin Global Resources plc
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY
TRADING ADDRESS (INCLUDING POSTCODES) :
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31 Harley Street
London
W1G 9QS
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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.stratminglobal.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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On 9 November 2012, Stratmin Global Resources Plc ("Stratmin"
or the "Company") announced that it had agreed, subject to
shareholder approval, to acquire the entire issued and to be
issued share capital of Graphmada Equity Pte Limited ("Graphmada")
that it does not already own. The consideration for the Acquisition
will be GBP25.5 million, to be satisfied by the issue, credited
as fully paid, of 510,000,000 Existing Stratmin Shares to the
Graphmada Shareholders at 5 pence per Existing Stratmin Share.
The Loharano Graphite Project is held by Graphmada Madagascar
(99.8% owned by Graphmada), a company established in MADAGASCAR
for the purpose of the mining and beneficiation of natural
crystalline flake graphite, in an area located in eastern Madagascar
some 15 km west of the coast and 20 km south west of the town
Brickaville.
Graphmada has engaged One Vision to manage the construction
and operation of the processing plant at the Loharano Graphite
Project. One Vision is a South African based company with diversified
interests in mining and mineral processing.
The strategy of the enlarged group is to focus on the graphite
mining sector through the development of Graphmada's existing
Loharano Graphite Project, in order to generate significant
revenues for the Company. The Company will continue to review
and consider other opportunities in strategic minerals that
are supplementary and complementary to the business.
In addition, the Company intends to carry out further exploration
of Graphmada's Loharano and Antsirabe Licences in Madagascar
and to review other opportunities which may arise in the graphite
sector in Madagascar and other regions.
This transaction is a result of a REVERSE TAKE-OVER UNDER RULE
14.
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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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Number of shares to be admitted (nominal value GBP0.04): 60,060,998
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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 GBP1.5m
Expected market capitalisation GBP30.0m
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
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Shares not in public hands: 52,357,763
% not in public hands: 87.2*
* The figure for percentage not in public hands includes the
holding of Mr Ghanshyam Champaklal, although his holding will
be slightly below 10% of the enlarged share capital
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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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Gobind Sahney - Executive Chairman
Jeffrey "Jeff" Royce Marvin - Managing Director
Manoli George Richard Yannaghas - 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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Number of
Ordinary % of shares Number of Ordinary % of shares
Shares held held pre Shares held held post
Shareholder pre admission admission post admission admission
------------------- ------------------ ------------ ------------------- ------------
Jim Nominees 27,445,116 30.3 2,744,511 4.47
------------------- ------------------ ------------ ------------------- ------------
Pershing Nominees
Limited(1) 14,283,131 15.8 1,428,313 2.38
------------------- ------------------ ------------ ------------------- ------------
TD Direct
Investing
Nominees 7,410,478 8.2 741,048 1.23
------------------- ------------------ ------------ ------------------- ------------
Hargreaves
Lansdown
(Nominees) 7,289,516 8.0 728,952 1.21
------------------- ------------------ ------------ ------------------- ------------
Barclayshare
Nominees Limited 5,308,788 5.9 530,879 0.88
------------------- ------------------ ------------ ------------------- ------------
Caralapati
Raghairah
Premraj(1) 13,577,631 15.0 16,507,762 27.48
------------------- ------------------ ------------ ------------------- ------------
Marthinus (Marius)
Johannes Hendrik
Pienaar(2) - - 12,150,000 20.23
------------------- ------------------ ------------ ------------------- ------------
Mrs Kesava
Padmavathi(3) - - 8,100,000 13.49
------------------- ------------------ ------------ ------------------- ------------
Mrs Caryl Melissa
Jane Pienaar - - 6,900,000 11.49
------------------- ------------------ ------------ ------------------- ------------
Ghanshyam
Champaklal(4) - - 6,000,000 9.99
------------------- ------------------ ------------ ------------------- ------------
Srirekam Kesava
Purushotham - - 2,700,000 4.50
------------------- ------------------ ------------ ------------------- ------------
(1) 13,577,631 Existing Stratmin Shares are beneficially owned
by Consolidated Minerals Pte. Limited, a company controlled
by Caralapati Raghairah Premraj, a member of the Graphmada
Concert Party
(2) On Admission, Mr Pienaar will have an indirect interest
in 12,150,000 Stratmin Shares held by Viking Investment Limited,
a company of which Mr Pienaar is the sole shareholder and director.
(3) On Admission, Mrs Padmavathi will have direct interest
in 7,500,000 Stratmin Shares and an indirect interest in 600,000
Stratmin Shares held by Adel Global Resources Pte. Limited,
a company of which Mrs Padmavathi is a director and the sole
shareholder.
(4) 4 On Admission, Mr Champaklal will have an indirect interest
in 6,000,000 Stratmin Diamond Shares held equally by Iron Ox
Investments Pte. Limited and Loxley Holdings Pte. Limited,
companies of which Mr Champaklal is the sole shareholder.
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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 2012
(iii) 30 June 2013, 30 September 2013 and 30 June 2014
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EXPECTED ADMISSION DATE:
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29 January 2013
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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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Peterhouse Corporate Finance Limited
31 Lombard Street
London
EC3V 9BQ
Optiva Securities Limited
2 Mill Street
Mayfair
London
W1S 2AT
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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 will contain full details about Stramin
Global Resources plc and the admission of its securities, it
is available on the Stratmin website - www.stratminglobal.com
The document will also be available at the offices of Libertas
Capital Corporate Finance Limited, 17c Curzon Street, London
W1J 5HU from the date of this document until one month from
the date of Admission.
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DATE OF NOTIFICATION:
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14 January 2013
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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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