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Friday 22 June, 2018

AIM

Schedule One update - Cake Box Holdings Plc

RNS Number : 1721S
AIM
22 June 2018
 

 

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:

 

Cake Box Holdings plc ("Cake Box", the "Group" or the "Company")

 

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

 

20-22 Jute Lane

Enfield

Middlesex

EN3 7PJ

 

COUNTRY OF INCORPORATION:

 

England & Wales

 

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

 

www.eggfreecake.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:

 

Cake Box is a franchise retailer of cakes with a growing store base across the UK. The first concept store opened in East London in 2008 from which the Group has grown to a franchise estate of 91 stores as at 13 June 2018. The Group specialises in making high quality, individually-crafted and personalised fresh cream cakes for purchase on demand or ordered in advance in store or online. In March 2018, Cake Box was recognised as one of the 100 fastest growing companies by turnover in the UK in the 2018 Sunday Times Virgin 100 Fast Track league table.

 

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):

 

40,000,000 Ordinary Shares of £0.01 each in the share capital of the Company ("Ordinary Shares").

 

There are no restrictions on the transfer of securities to be admitted.

 

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

 

Capital to be raised on Admission:  None

Secondary offering on Admission: c.£16.5 million

Market capitalisation on Admission: £43.2 million 

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

 

58.9 per cent.

 

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE 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):

 

Directors:

Nileshbhai (known as Neil) Jayantilal Sachdev, MBE (Independent Non-Executive Chairman)

Sukh Ram Chamdal (Chief Executive Officer)

Pardip Kumar Dass (Chief Financial Officer)

Dr Jaswir Singh (Chief Operations Officer)

Martin Incledon Blair  (Independent Non-Executive Director)

Adam David Batty (Independent 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):

 

Significant Shareholders immediately before Admission:

 

Name

Number of Ordinary Shares held

Percentage of issued share capital prior to Admission in which an interest is held

Sukh Chamdal1

(Chief Executive Officer)

 

22,982,083

57.46 per cent

 

Pardip Dass2

(Chief Financial Officer)

12,374,970

30.94 per cent

 

1 Sukh Chamdal holds 12,347,994 shares and 10,634,089 shares are held by his spouse Santosh Chamdal

2 Pardip Dass holds 7,040,422 shares and 5,334,548 shares are held by his spouse Kulwinder Kaur

 

Significant Shareholders after Admission:

 

Name

Number of Ordinary Shares held

Percentage of issued share capital prior to Admission in which an interest is held

Sukh Chamdal1

(Chief Executive Officer)

 

16,537,915

41.34  per cent

 

Pardip Dass2

(Chief Financial Officer)

 

3,520,418

8.80 per cent

Axa Investment Managers

 

3,150,000

7.88 per cent

Ennismore Fund Management Limited

2,083,333

5.21 per cent

Lombard Odier (Europe) S.A. UK

2,083,333

5.21 per cent

Hargreave Hale Limited

 

1,572,916

3.93 per cent

Otus Capital Management Limited

1,388,888

3.47 per cent

1 Sukh Chamdal holds 8,493,442 shares and 8,044,473 shares are held by his spouse Santosh Chamdal

2 Pardip Dass holds 2,010,678 shares and 1,509,740 shares are held by his spouse Kulwinder Kaur

 

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 March

(ii)        31 March 2018

(iii)       31 December 2018, 30 September 2019, 31 December 2019

 

 

EXPECTED ADMISSION DATE:

27 June 2018

 

NAME AND ADDRESS OF NOMINATED ADVISER:

 

Shore Capital and Corporate Limited

Bond Street House

14 Clifford Street

London

W1S 4JU

 

NAME AND ADDRESS OF BROKER:

 

Shore Capital Stockbrokers Limited

Bond Street House

14 Clifford Street

London

W1S 4JU

 

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 at the registered office of the Company at 20-22 Jute Lane, Enfield, Middlesex, EN3 7PJ, during normal business hours on any day (except Saturdays, Sundays and public holidays) for one month from the date of Admission.

 

The admission document will also be available at the Company's website www.eggfreecake.co.uk from the date of Admission.

 

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

 

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

 

QCA Corporate Governance Code

 

DATE OF NOTIFICATION:

22 June 2018

 

NEW/ UPDATE:

 

Update

 

 


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