AMAN Azman

RNS Number:3202I
AIM
31 August 2006


          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:
Azman plc (to be renamed Coms plc)


COMPANY ADDRESS:
Finsgate, 5-7 Cranwood Street, London


COMPANY POSTCODE:
EC1V 9EE


COUNTRY OF INCORPORATION:
England & Wales


COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN
ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:

Azman was established in order to acquire, invest in, and provide finance to companies which the Directors
perceived to be undervalued. This strategy was originally aimed at the mining and exploration sectors, but the
Directors have recognised the attractions afforded by the potential growth in the VoIP (Voice over Internet
Protocol) market through Coms Limited.



Accordingly, subject to the approval of Azman shareholders at an EGM to be held on 5 September 2006, Azman
proposes to acquire Coms Limited for a total consideration of #5.5 million, to be satisfied by the issue of
550,000,000 new Ordinary Shares.



Following the acquisition the business of the Enlarged Group will be the development and marketing of Coms' VoIP
business, including unified messaging services, which comprise email, fax and voicemail forwarding services.


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):
793,878,200 Ordinary Shares of 0.1p each consisting of:

122,128,200 new Ordinary Shares being placed at a Placing Price of 1p

550,000,000 new Ordinary Shares to be issued to the Vendors of Coms Limited

121,750,000 existing Ordinary Shares


CAPITAL TO BE RAISED ON ADMISSION:
#1,221,282 before expenses


FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Leo Ernest Vaughan Knifton* (Chairman)

Jonathan Rowland*

Jason Kingsley Drummond (Proposed Executive Chairman)

Terence Edward Martin (Proposed Chief Executive)

Andrew Nicholas Branson (Proposed Finance Director)

Richard Antony Bennett (Proposed Corporate Development Director)

Jonathan Clive Cole (Proposed Non-Executive Director)

Justin Piers Drummond (Proposed Non-Executive Director)



*On Admission Mr. Knifton and Mr. Rowland will resign as Directors.


PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
BEFORE AND AFTER ADMISSION:

Leo Knifton             (13.7% before Admission, 2.1% after Admission, plus 1.9%
                        interest in shares after Admission through Cantor
                        Fitzgerald Europe, below)

Riverrock Limited       (41.1% before Admission, 6.3% after Admission)

Raymond Ranson          (7.2% before Admission, 1.1% after Admission)

Nigel Weller            (13.7% before Admission, 2.1 after Admission)

Stephen Oakes           (13.7% before Admission, 2.1% after Admission)

Jason Drummond          (60.8% after Admission)

Jonathan Cole           (11.0% after Admission)

Justin Drummond         (3.8% after Admission)

Cantor Fitzgerald Europe (3.0% after Admission)


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

ANTICIPATED ACCOUNTING REFERENCE DATE:
31 January


EXPECTED ADMISSION DATE:
6 September 2006


NAME AND ADDRESS OF NOMINATED ADVISER:
ARM Corporate Finance Limited, 12 Pepper Street, London, E14 9RP


NAME AND ADDRESS OF BROKER:
Falcon Securities (UK) Limited, 154 Bishopsgate, London, EC2M 4LN


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:
The Admission Document, along with a statement that it will contain full details about the applicant and the
Admission of its securities will be available from:

ARM Corporate Finance, 12 Pepper Street, London, E14 9RP


DATE OF NOTIFICATION:
31 August 2006


NEW/ UPDATE (see note):
UPDATE






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