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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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Rame Energy Plc ("Rame" or the "Group")
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :
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Registered Office:
13-14 Esplanade
St Helier
Jersey
JE1 1BD
Trading Office:
Seawind House
98-99 Hotham Place
Millbridge
Plymouth
PL1 5NE
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COUNTRY OF INCORPORATION:
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Jersey
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
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www.rame-energy.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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Rame is an international energy consultant, engineer and power project developer operating in a number of energy sectors including wind, diesel and solar. The Group's main countries of operation are the United Kingdom and Chile. Rame now intends to operate its own power projects with a focus on providing energy directly to large industrial consumers.
From its head office in Plymouth, members of the Group have provided project management and EPC (Engineering, Procurement and Construction) services to the energy related market since early 2005. Since establishing an office in Chile's capital Santiago in 2006 under the trading name of Seawind, the Group has been involved in wind power development in the country. It has developed and implemented power solutions for many of Chile's mining and industrial corporations, including, among others, Barrick Gold, Anglo American, Antofagasta Minerals and Codelco.
Rame is now building on its experience and expertise in the energy sector to own and operate power generation projects, with its initial focus being in Chile. Rame plans to become a niche IPP (Independent Power Producer) taking full advantage of opportunities created by increasing energy costs and demands in power intensive industrial activities such as mining.
To facilitate this strategy, Rame has entered into binding conditional agreements with Santander Investment Chile Limitada for the co-financing of 15 MW of wind farms across two project sites in Chile. The Group has a further 28 prospective onshore wind energy project sites with a potential installed capacity in aggregate of 1.4 GW.
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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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95,269,451 ordinary shares of no par value at 18p
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
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£2.1m
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
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41.4 per cent.
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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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Andrew Richard Haig Cameron (Non-Executive Chairman)
Timothy (Tim) Peter Giles Adams (Chief Executive Officer)
Jan James Alexander Anthony Gawel (Chief Financial Officer)
Pieter Louis Denise D'haen (Chief Operating Officer)
Fernando Patricio Cubillos (Non-Executive Director)
William (Bill) James Fisher (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
Tim Adams 16.1%
Splendid Sun Holdings Ltd 24.9%
Active Capital Management Pte. Ltd 5.7%
Alexandra Wilson 4.7%
Mafatsana Overseas Ltd 7.7%
Tuda SPRL 8.9%
TNJ Limited 5%
After Admission
Tim Adams 14.8%
Splendid Sun Holdings Ltd 22.2%
Active Capital Management Pte. Ltd 4.9%
Alexandra Wilson 4%
Mafatsana Overseas Ltd 6.6%
Tuda SPRL 7.7%
TNJ Limited 4.4%
Pires Investments Limited 3.5%
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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 2013
(iii) 30 June 2014, 30 September 2014 and 30 June 2015
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EXPECTED ADMISSION DATE:
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4 April 2014
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NAME AND ADDRESS OF NOMINATED ADVISER:
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Northland Capital Partners Limited
131 Finsbury Pavement
London
EC2A 1NT
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NAME AND ADDRESS OF BROKER:
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Northland Capital Partners Limited
131 Finsbury Pavement
London
EC2A 1NT
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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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Copies of the admission document, which will contain full details about the applicant and the admission of its securities, will be available at the offices of Northland Capital Limited at 131 Finsbury Pavement, London EC2A 1NT during normal business hours on any day (except Saturdays, Sundays and public holidays) for a period of one month from the date of Admission. The admission document will also be available for download from the Rame website at www.rame-energy.com.
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DATE OF NOTIFICATION:
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1 April 2014
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NEW/ UPDATE:
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Update
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