Source - RNS
RNS Number : 2706M
AIM
12 October 2016
 

 

 

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:

Ascot Lloyd plc (currently named Ascot Lloyd Financial Services Ltd, which will change prior to Admission) ("Ascot Lloyd")

 

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

Units 2 & 4

Forest Court

Oaklands Park

Wokingham

Berkshire RG41 2FD

 

COUNTRY OF INCORPORATION:

England & Wales

 

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

www.ascotlloyd.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:

Ascot Lloyd is an independent financial adviser operating in the UK, providing financial planning and investment advice to individuals and employee benefits advice, pension scheme advice and administration to corporate clients.

 

The business was founded in 2004 by Richard Dunbabin (Chief Executive Officer). Since then, Ascot Lloyd has grown principally by acquisition, having undertaken 28 acquisitive transactions, primarily of assets and IFA clients. Headquartered in Wokingham, Berkshire the business has 11 offices in the UK and operates through its four business divisions; Ascot Lloyd Private Office, Ascot Lloyd Financial Services, Ascot Lloyd Benefit Solutions and Ascot Lloyd Client Services.

 

Ascot Lloyd's strategy is to grow through a combination of organic growth and further targeted acquisitions.

 

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):

Admission of TBC ordinary shares of 0.2p each at a placing price of TBC pence

 

No restrictions as to the transfer of securities

 

No ordinary shares will be held in treasury on Admission

 

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

Capital raised: £TBC million

 

Anticipated market capitalisation on Admission: £TBC million

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC per cent.

 

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:

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):

Richard Thomas Dunbabin (Chief Executive Officer)

Iain Mark Balchin (Chief Financial Officer)

Stuart Dyer (Non-Executive Chairman)

David John Morgan (Non-Executive Director)

Patrick Harry Muir (Non-Executive Director)

Pat O'Hara (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):


Before Admission

After Admission

Shareholder

Number of ordinary shares held

% of issued share capital

Number of ordinary shares held

% of issued share capital

Patrick O'Hara*

13,400,000

50.00%

TBC

TBC

Richard Dunbabin

10,400,000

38.81%

TBC

TBC

Ian Fernie

2,000,000

7.46%

TBC

TBC

Geoffrey Markham

1,000,000

3.73%

TBC

TBC

Somers Limited

-

-

TBC

TBC

 

 

*Including 6,835,200 ordinary shares held by Patrick O'Hara's wife, Susan O'Hara.

 

The Takeover Panel has confirmed that Patrick O'Hara, Susan O'Hara, Richard Dunbabin and Ian Fernie are acting in concert for the purposes of the Takeover Code.

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None other than disclosed in the Admission Document

 

(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)              30 June 2016

 

(iii)       Audited results for the 12 months to 31 December 2016, released by 30 June 2017

 

Unaudited interim results for the six months to 30 June 2017, released by 30 September 2017

 

Audited results for the year to 31 December 2017, released by 30 June 2018

 

EXPECTED ADMISSION DATE:

Late October 2016

 

NAME AND ADDRESS OF NOMINATED ADVISER:

finnCap Ltd

60 New Broad Street

London EC2M 1JJ

 

NAME AND ADDRESS OF BROKER:

finnCap Ltd

60 New Broad Street

London EC2M 1JJ

 

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:

A copy of the Admission Document containing full details about Ascot Lloyd and the admission of its securities will be available from:

finnCap Ltd

60 New Broad Street

London EC2M 1JJ

 

and from Admission, Ascot Lloyd's website:

www.ascotlloyd.co.uk

 

DATE OF NOTIFICATION:

12 October 2016

 

NEW/ UPDATE:

New

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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