Schedule 1 - Prime People
AIM
21 May 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):
36,346,692 (thirty six million, three 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:
21 May 2004
NEW/ UPDATE (see note):
New
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 certain 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:
The applicant intends to publish this information on the website of W. H. Ireland Limited (www.wh-ireland.co.uk).
It is expected that this information will be published on that website no later than Friday 28 May 2004.
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:
The applicant intends to publish this information on the website of W. H. Ireland Limited (www.wh-ireland.co.uk).
It is expected that this information will be published on that website no later than Friday 28 May 2004.
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.
The applicant intends to publish this information on the website of W. H. Ireland Limited (www.wh-ireland.co.uk).
It is expected that this information will be published on that website no later than Friday 28 May 2004.
THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY.
Not applicable
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