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Wednesday 22 May, 2013

AIM

Schedule 1 update - Outsourcery plc

RNS Number : 2963F
AIM
22 May 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")


COMPANY NAME:

Outsourcery plc ("Outsourcery" or the "Company")

 

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

10 Whitfield Street

London

W1T 2RE

 

COUNTRY OF INCORPORATION:

UK

 

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.outsourcery.co.uk

 

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:

Outsourcery today provides a wide range of Cloud-based services via its network of partners to both larger enterprises and SMEs. These services are deployed on its proprietary O-Cloud platform, a combination of software, hardware and networking which is housed in a third party enterprise grade datacentre.

 

Outsourcery is one of few independent pure-play Cloud Service Providers ("CSPs") and is establishing market leadership in the UK.

 

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):

10,000,000 new ordinary shares and 1,542,642 existing ordinary shares to be admitted, all with a nominal value of 1 penny each.

 

There are no restrictions as to the transfer of these securities.

 

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£12.7m to be raised on admission.

 

The market capitalisation on admission is anticipated to be £34.6m.

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

c. 43.8%

 

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:

None

 

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):

Kenneth Aphunezi Olisa (Non-Executive Chairman)

Simon Russell Newton (Co-Chief Executive Officer)

Jonathan Piers Daniel Linney (Co-Chief Executive Officer)

Andrew (Andy) Burton (Non-Executive Director)

Jane Suzanne Hall (Proposed Non-Executive Director)

 

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):

Before Admission:

 

Piers Linney & family: 25.7%

Simon Newton & family: 25.7%

ETIVE Capital Limited: 17.5%

Investec Investments (UK) Limited: 4.2%

 

After Admission:

 

Piers Linney & family: 15.9%

Simon Newton & family: 15.9%

ETIVE Capital Limited: 11.9%

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

n/a

 

(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:

(i)         31 December 2013

(ii)        31 December 2012

(iii) Six month period ending 30 June 2013 - latest date for publication 30 September 2013; full year results to 31 December 2013 - latest date for publication 30 June 2014; and six month period ending 30 June 2014 - latest date for publication 30 September 2014

 

EXPECTED ADMISSION DATE:

24 May 2013

 

NAME AND ADDRESS OF NOMINATED ADVISER:

Investec Bank plc

2 Gresham Street,

London

EC2V 7QP

 

NAME AND ADDRESS OF BROKER:

Investec Bank plc

2 Gresham Street,

London

EC2V 7QP

 

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:

Copies of the Admission Document will be available free of charge to the public during normal business hours on any week day (excluding Saturdays, Sundays and public holidays) at the offices of Investec Bank plc, 2 Gresham Street, London, EC2V 7QP and shall remain available for at least one month after the date of admission. Copies will also be available for download at the Company's website at www.outsourcery.co.uk.

 

The admission document contains full details about the applicant and the admission of its securities.

 

DATE OF NOTIFICATION:

22 May 2013

 

NEW/ UPDATE:

Update

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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