Source - RNS
RNS Number : 3195M
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:

Van Elle plc

 

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

Kirkby Lane

Pinxton

Nottinghamshire

NG16 6JA

 

COUNTRY OF INCORPORATION:

United Kingdom

 

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

www.van-elle.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:

Van Elle is a geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets including the new-build residential, infrastructure, commercial, industrial and public non-housing sectors.

 

Van Elle's end-to-end solutions encompass: site investigation, driven, bored, drilled and augered piling and ground stabilisation services. In addition, the Group develops, manufactures and installs precast concrete products for use in specialist foundation applications. Based in Nottinghamshire, Van Elle employed 518 staff as at 4 October 2016 from a number of locations situated throughout the UK.

 

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):

Number of ordinary shares to be admitted: TBC

 

Nominal value of ordinary shares to be admitted: TBC

 

Placing price of ordinary shares to be admitted: TBC

 

All of Van Elle plc's AIM securities will be freely transferable

 

No ordinary shares will be held as treasury shares on Admission to AIM

 

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

 

Capital to be raised on admission: TBC

 

Anticipated market capitalisation on admission: TBC

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC

 

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:

N/A

 

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):

Michael Frank Ellis (Non-Executive Chairman)

Jonathan Merlin Fenton (Chief Executive Officer)

Paul Michael Pearson (Chief Financial Officer)

Thomas Edward Lindup (Group Managing Director)

Adrian Barden (Non-Executive Director)

Robin George Walton Williams (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):

 

Name

Pre-Admission*

Post-Admission

Michael Frank Ellis

14.3%

TBC

Joan Elizabeth Ellis

12.0%

TBC

Julia Catherine Duffey

8.7%

TBC

Suzanne Elizabeth Lindup

8.7%

TBC

MFE Discretionary Trust

3.9%

TBC

Jonathan Merlin Fenton

12.4%

TBC

Michael John Mason

8.6%

TBC

Victor Handley

7.1%

TBC

Stephen Frederick Jack Yarham

6.1%

TBC

Michael Patrick Hughes

4.8%

TBC

Colin Robert Winkworth

4.1%

TBC

Andrew Robert Johnston

3.0%

TBC

 

* The Pre-Admission shareholdings set out in the table above represent holdings of the company's existing issued share capital. Actual shareholdings immediately prior to admission will be determined by a share capital reorganisation which is yet to take place and may, as a consequence, vary from those set out above

 

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

Grant Thornton UK LLP

 

Black& Callow Limited

 

Sam Allen Associates

 

(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) 30 April

(ii) 30 April 2016

(iii) 31 January 2017, 31 October 2017, 31 January 2018

 

EXPECTED ADMISSION DATE:

Late October 2016

 

NAME AND ADDRESS OF NOMINATED ADVISER:

Peel Hunt LLP

Moor House

120 London Wall

London

EC2Y 5ET

 

NAME AND ADDRESS OF BROKER:

Peel Hunt LLP

Moor House

120 London Wall

London

EC2Y 5ET

 

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:

Kirkby Lane

Pinxton

Nottinghamshire

NG16 6JA

 

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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