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Friday 05 March, 2010

AIM

Schedule 1 - Gemstones of Afr

RNS Number : 1957I
AIM
05 March 2010
 



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:

Gemstones of Africa Group Plc  (to be renamed Edenville Energy plc) ( " the Company")

 

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

Aston House, Cornwall Avenue, London,N3 1LF

 

COUNTRY OF INCORPORATION:

England and Wales

 

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

www.gemstonesoafrica.net changing to www.edenville-energy.com

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:

 The Company, to be renamed Edenville Energy plc, will acquire Edenville International Limited which, through its 99.5 per cent. owned subsidiary, Edenville Tanzania, is the owner of six prospecting licences in Tanzania with a particular focus on uranium and coal. The Acquisition is classified as a reverse take-over pursuant to Rule 14 of the AIM Rules for Companies and is therefore conditional, inter alia, on the approval of Shareholders at a general meeting.

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):

2,987,883,072  ordinary shares of 0.02 pence each

 

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

Capital to be raised on admission £1million

Market Capitalisation on Admission £14.93 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

80.40%

 

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:

n/a

 

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):

Simon John Rollason, Non Executive Chairman

Rakesh Ramesh Patel Executive Officer

Mark Jonathan Pryor Executive Director

Sally Joy Schofield 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):

 

Name

Percentage of the issued share capital before admission %

Percentage of the issued share capital after admission %

R. Quested

44.70

20.86

C. Potts

17.93

8.37

A. Cunningham

14.3

6.68

Allianz Global Investors

4.17

1.95

V. Stazione

3.23

1.50

 

 

 

 

 

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

(ii) 28 February 2010 for Edenville International Limited 

(iii) 30 June 2010, 30 September 2010, 30 June 2011

 

EXPECTED ADMISSION DATE:

 29 March 2010  

NAME AND ADDRESS OF NOMINATED ADVISER:

ZAI Corporate Finance Ltd

12 Camomile Street

London EC3A 7PT

NAME AND ADDRESS OF BROKER:

Zimmerman Adams International Limited

12 Camomile Street

London EC3A 7PT

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:

ZAI Corporate Finance Ltd

12 Camomile Street

London EC3A 7PT

DATE OF NOTIFICATION:

5 March 2010

 

NEW/ UPDATE:

NEW

 

 


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