Application for Admission to PLUS (1275K)
11 July 2011 - 6:59PM
UK Regulatory
TIDMESO
RNS Number : 1275K
EPE Special Opportunities PLC
11 July 2011
PLUS APPLICATION FOR ADMISSION ANNOUNCEMENT
EPE SPECIAL OPPORTUNITIES PLC
APPLICATION FOR ADMISSION TO PLUS
The Directors of EPE Special Opportunities plc (the "Company"),
a public limited company incorporated in the Isle of Man with
registered number 108834C, are pleased to announce that the Company
has applied for the admission (the "Admission") of its issued share
capital of 30,802,911 ordinary shares of 5 pence each (the
"Ordinary Shares") and 10,000,000 convertible loan notes of GBP1
each (the "Convertible Loan Notes", together with the Ordinary
Shares, the "Securities") to trading on PLUS-quoted, the primary
market operated by PLUS Markets Group plc for trading of securities
("PLUS").
The Ordinary Shares were admitted to trading on the Alternative
Investment Market of the London Stock Exchange ("AIM") on 16
September 2003. Going forward the Company intends for the Ordinary
Shares to be traded on AIM and PLUS, and for the Convertible Loan
Notes to be traded solely on PLUS.
The Company is subject to the City Code on Takeovers and
Mergers.
BUSINESS ACTIVITIES
The Company was incorporated on 25 July 2003 as a private equity
investment company focused on investing in small and medium-sized
special situation transactions and distressed companies in the
United Kingdom. The Company considers most industry sectors and
shareholder structures utilising the experience of its investment
adviser, EPIC Private Equity LLP.
When sufficient financial resources are available, the Company
seeks to invest between GBP2 million and GBP10 million in a range
of debt and equity instruments with a view to generating returns
through both yield and capital gain. Whilst in general the Company
aims to take controlling equity positions, it may seek to develop
companies as a minority investor. The Directors of the Company may
also authorise investments of less than GBP2 million occasionally
whilst for investments larger than GBP5 million the Company may
seek co-investment from third parties, either from its large,
existing shareholders or, from time to time, non-shareholders.
The Company currently holds, directly and indirectly, interests
in 11 private companies.
WEBSITE
Further details of the Company, its business and the Securities
are available on the following website:
http://www.epicprivateequity.com/epespecialopportunitiesplc_investors.ht
ml
EXPECTED ADMISSION DATE
Trading in the Company's Securities on PLUS is expected to
commence on 15 July 2011.
SETTLEMENT AND CREST
CREST is a paperless settlement system enabling securities to be
evidenced otherwise than by certificate and transferred otherwise
than by written instrument in accordance with the CREST
Regulations.
Settlement of transactions in Ordinary Shares may take place
within the CREST system. CREST is a voluntary system and therefore
shareholders who wish to receive and retain share certificates are
able to do so. All the Ordinary Shares are in registered form.
Application has been made for the Convertible Loan Notes to be
admitted to CREST upon start of trading on PLUS. Accordingly,
settlement of transactions in the Convertible Loan Notes following
Admission may take place within the CREST system, should
noteholders so wish. As CREST is a voluntary system, noteholders
who wish to receive and retain loan note certificates will be able
to do so.
OFFERING OF SECURITIES
There is no offering of the Securities being undertaken in
connection with Admission.
PLUS CORPORATE ADVISER
Numis Securities Limited
CONTACT DETAILS
EPE SPECIAL OPPORTUNITIES PLC
Philip Scales
Tel: 01624 681 250
NUMIS SECURITIES LIMITED
Stuart Skinner
Tel: 020 7260 1314
This information is provided by RNS
The company news service from the London Stock Exchange
END
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