Sch 1 Update - Prime People
AIM
18 June 2004
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION
IN ACCORDANCE WITH AIM RULE 2
ALL APPLICANTS MUST COMPLETE THE FOLLOWING:
COMPANY NAME:
Prime People plc
COMPANY ADDRESS:
5 Bream's Buildings, Chancery Lane, London
COMPANY POSTCODE:
EC4A 1DY
COUNTRY OF INCORPORATION:
England & Wales
COMPANY BUSINESS:
Provision of a range of support services to a client base principally focussed
in the leisure and hospitality sector.
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares,
nominal value and issue price to which it seeks admission and the number and
type to be held as treasury shares): 36,846,692 (thirty six million, eight
hundred and forty six thousand, six hundred and ninety two) Ordinary Shares
of 1p each
CAPITAL TO BE RAISED ON ADMISSION:
Nil
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Richard E M Lee (Non-Executive Chairman)
Peter J Hearn (Executive Director)
Christopher I Heayberd (Finance Director)
David C Coubrough (Non-Executive Director)
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A
PERCENTAGE OF THE ISSUED SHARE CAPITAL STATING WHETHER BEFORE OR AFTER
ADMISSION:
Before Admission the following persons are interested in 3% or more of the
issuer's capital:
PSD Group plc (held in the name of Codeissue Limited (29.49%)
City of London PR Group plc (11.66%)
Mrs M Lee (6.72%)
R J Hornbuckle (5.83%)
J W Greenhalgh (3.03%)
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (G) OF THE AIM RULES:Not appropriate
ANTICIPATED ACCOUNTING REFERENCE DATE:
31 December
EXPECTED ADMISSION DATE:
22 June 2004
NAME AND ADDRESS OF NOMINATED ADVISER:
W.H. Ireland Limited
11 St James's Square
Manchester
M2 6WH
NAME AND ADDRESS OF BROKER:
W.H. Ireland Limited
(Address as above)
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:
Not applicable
DATE OF NOTIFICATION:
18 June 2004
NEW/ UPDATE (see note):
Update
QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:
THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE
BEEN TRADED:
The Official List of the UK Listing Authority
THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:
23 May 1995
CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED
TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES
TRADED UPON SUCH A MARKET:
Prime People plc is aware of minor breaches of regulatory requirements involved
in having its securities traded on the Official List of the UK Listing
Authority. However these breaches are not considered material in the context of
the Company's application for admission to AIM. In all other material respects,
the Company has complied with all relevant legal and regulatory requirements
involved in the having its shares traded on the Official List of the UK Listing
Authority
AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE
APPLICANT HAS MADE PUBLIC OVER THE LAST TWO YEARS (IN CONSEQUENCE OF HAVING ITS
SECURITIES SO TRADED) ARE AVAILABLE:
This information is available free of charge on the website of W. H. Ireland
Limited (http://www.wh-ireland.co.uk/corporatefinance/?page=primePeople)
DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE
OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY:
Prime People plc proposes to pursue its existing business and look for
opportunities to broaden its business base.
A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE
APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD FOR
WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:
Not applicable
A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT
THE WORKING CAPITAL AVAILIABLE TO
IT OF ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF
ITS ADMISSION:
The Directors of the Company have no reason to believe that the Group's working
capital will be insufficient for at least twelve months form the expected
admission date stated above.
DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:
Not applicable
A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:
Transfers of the shares in the Company are settled through CREST and in
certificated form.
A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:
This information is available free of charge on the website of W. H. Ireland
Limited (http://www.wh-ireland.co.uk/corporatefinance/?page=primePeople)
INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT
CURRENTLY PUBLIC:
Not applicable.
A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND
ACCOUNTS WHICH MUST HAVE A FINANCIAL YEAR END NOT MORE THEN NINE MONTHS PRIOR TO
ADMISSION. THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR
INTERNATIONAL ACCOUNTING STANDARDS.
This information is available free of charge on the website of W. H. Ireland
Limited (http://www.wh-ireland.co.uk /corporatefinance/?page=primePeople)
THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY.
Not applicable
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