Schedule 1 update - Griffin Group plc
06 December 2008 - 12:40AM
UK Regulatory
RNS Number : 6367J
AIM
05 December 2008
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")
COMPANY NAME:
Griffin Group plc (to be renamed Alexander David Securities Group plc)
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES):
Registered Office: Trading Address:
Hilden Park House 10 Finsbury Square
79 Tonbridge Road London EC2A 1AD
Hildenborough
Kent TN11 9BH
COUNTRY OF INCORPORATION:
England & Wales
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
Pre-Admission Post-Admission
www.griffingroupplc.co.uk www.ad-securities.com
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY). IF THE
ADMISSION IS SOUGHT AS
A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
Griffin Group plc (to be renamed Alexander David Securities Group plc) has conditionally agreed to acquire the entire issued share capital
of Alexander David
Holdings Limited ("ADH"). The acquisition of ADH is a reverse takeover pursuant to AIM Rule 14.
Alexander David Securities (a subsidiary of ADH) was formed for the purpose of building a stockbroking business servicing private clients,
institutional clients
and smaller quoted companies in the UK. Alexander David Securities also provides private client advisory and execution only services and
products in traded
equities (mainly on the UK, US and European markets).
Alexander David Securities is authorised to conduct investment business and is regulated by the FSA. The business comprises a stable
revenue platform from private
client broking and Contracts for Difference businesses to corporate finance and corporate broking transactions. In addition, Alexander
David Securities provides
bespoke marketing communications, giving a detailed institutional quality report on its corporate clients, as well as notes on individual
companies.
The Company operates in the General Financial services sector.
The main country of operation is 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):
432,267,599 ordinary shares of 0.1p each, no restrictions
CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital Raised Market Capitalisation
�nil �3.8m
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
71.8% 310,253,862 Ordinary Shares
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED
OR TRADED:
Not applicable
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):
Directors Function
Vincent William Nicholls Finance Director
Jan Wladimir Ledochowski Non-executive Director
Proposed Directors Function
Michael Frank Hicks Proposed chairman
David Alexander Hill Scott Proposed chief executive
Trevor David Coote Proposed executive director
Alon Bull Proposed non-executive director
Antony Brian Cowling Proposed non-executive director
Andrew James Grant Proposed 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 Number of Ordinary Shares Pre Admission Percentage of Number of
Ordinary Percentage of
Ordinary Shares Pre Shares on
Admission Ordinary Shares on
Admission
Admission
David Scott - -
91,902,195 21.3
Trevor Coote - -
77,468,741 17.9
Alon Bull - -
42,451,782 9.8
Global Investments Limited 32,900,000 30.1
32,900,000 7.6
Vincent Nicholls 32,500,000 29.8
32,500,000 7.5
Clive Richards - -
18,071,579 4.2
Wicks Holdings - -
16,428,708 3.8
Stephen Dean SIPP 10,000,000 9.2
10,000,000 2.3
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
Not applicable
(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION
DOCUMENT HAS BEEN PREPARED
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO RULES 18 AND 19:
(i) 30 September
(ii) In respect of Griffin Group plc: audited financial information for the three years ended 30 September 2007,
and unaudited
financial information for the six month period to 31 March 2008
In respect of Alexander David Holdings Limited: audited financial information for the year ended 31
December 2007, and unaudited
financial information for the six month period ended 30 June 2008
(iii) 31 March 2009 2008 Annual
30 June 2009 2009 Half-yearly Results
31 March 2010 2009 Annual Results
EXPECTED ADMISSION DATE:
Late December 2008
NAME AND ADDRESS OF NOMINATED ADVISER:
Dowgate Capital Advisers Limited, 46 Worship Street, London EC2A 2EA
NAME AND ADDRESS OF BROKER:
Alexander David Securities Limited, 10 Finsbury Square, London EC2A 1AD
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:
Copies of the Admission document will be available to the public free of charge during normal business hours on any weekday (except
Saturdays, Sundays and public
holidays) at the offices of Dowgate Capital Advisers, 46 Worship Street, London EC2A 2EA from the date of this document and for a period of
at least one month
from Admission. The Admission Document will also be available from the Company's website, www.griffingroupplc.co.uk.
DATE OF NOTIFICATION:
5 December 2008
NEW / UPDATE (see note):
Update
This information is provided by RNS
The company news service from the London Stock Exchange
END
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