AIM Prospective Admission
05 November 2003 - 11:56AM
UK Regulatory
RNS Number:7020R
AIM
05 November 2003
ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS PRIOR TO ADMISSION
ALL APPLICANTS MUST COMPLETE THE FOLLOWING:
COMPANY NAME: Darwen Capital Plc (to be renamed Scott Tod Plc)
COMPANY ADDRESS: Fitzroy House, 18-20 Grafton Street, London W1S 4DZ
COMPANY POSTCODE: W1S 4DZ
COUNTRY OF INCORPORATION: England and Wales
COMPANY BUSINESS: The company is currently a cash shell whose shares have been admitted to AIM. Subject to
shareholders' approval being obtained at an EGM to be held on 26 November 2003, inter alia, to acquire Scott Tod
Developments Limited, the company proposes to seek Admission for its new ordinary shares and re-Admission for its
existing ordinary shares to be traded on AIM and its business will be that of the distribution and maintenance of
automated teller machines and the development and manufacture of card vending machines and change machines.
Admission is conditional upon completion of the acquisition.
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price):
27,000,000 ordinary shares of 1p each
CAPITAL TO BE RAISED ON ADMISSION: #2,500,000 by way of a Placing of 10,000,000 new ordinary shares at a placing
price of 25p per share
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
David Laurence Massie - Chairman; William Franklin Wanner Jnr (USA) *- Non-executive director; Peter Geoffrey
Seabrook - Non-executive director; James Alfred Mills* - Non-executive director; Nicholas James Tod - Proposed
Chief Executive; Lawrence John Jenkins Watts - Proposed Operations Director
*resigning on completion of the acquisition
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
STATING WHETHER BEFORE OR AFTER ADMISSION: Interests of 3% or more following admission will be as follows:
Nicholas Tod: 8,500,000* shares (31.48%) David Massie: 4,025,000 shares (14.91%); Lawrence Watts: 1,500,000
shares (5.56%); William Wanner: 1,000,000 shares (3.70%); Chase Nominees Limited: 2,400,000 shares (8.89%); J M
Finn Nominees Limited: 1,920,000 shares (7.11%);Singer & Friedlander Investment Management Limited:1,600,000
shares (5.93%).
*includes 3,500,000 shares (12.96%) held by Harriet Tod, the wife of Nicholas Tod
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES:
None
ANTICIPATED ACCOUNTING REFERENCE DATE: 30 June
EXPECTED ADMISSION DATE: 27 November 2003
NAME AND ADDRESS OF NOMINATED ADVISER: ARM Corporate Finance Limited, 12 Pepper Street, London E14 9RP
NAME AND ADDRESS OF BROKER: Keith, Bayley, Rogers & Co. Limited, Sophia House, 76/80 City Road, London EC1Y 2EQ
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, which has been drawn up in accordance with the Public Offers of Securities Regulations 1995
and AIM Rules and contains full details about Darwen Capital Plc and the Admission of its securities, are
available to the public, free of charge, from the registered office of Darwen Capital Plc, Centurion House, 37
Jewry Street, London EC3N 2ER from 31 October 2003 until one month following Admission.
DATE OF NOTIFICATION: 5 November 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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