28th Sep 2007 07:05
Aricom PLC28 September 2007 Press Release 28 September 2007 Aricom plc ("Aricom" or "the Company" and together with its subsidiaries the "Group") Aricom's proposed move from AIM to Main Market Aricom plc (AIM: TIO), the Anglo-Russian developer of mineral resources,announces that it intends to apply for a primary listing of its ordinary shares("Ordinary Shares") and outstanding warrants ("Warrants") on the Official Listof the UK Listing Authority (the "Official List") and to trading on the LondonStock Exchange plc's main market for listed securities (the "Main Market"). Such a move will be through an introduction of its existing Ordinary Shares andWarrants, with no new Ordinary Shares or Warrants being issued. Pursuant toRule 41 of the AIM Rules for Companies, the Company hereby gives notice of theintended cancellation of trading of its Ordinary Shares on the AIM market of theLondon Stock Exchange plc ("AIM"). The Company previously announced itsintention to move from AIM to the Main Market on 10 May 2007. It is expected that the cancellation of trading in the Ordinary Shares on AIMwill take place at the same time as the Ordinary Shares and Warrants areadmitted to the Official List and begin trading on the Main Market, which isexpected to occur in either late October or early November 2007, subject to thereceipt of the necessary approvals from the UK Listing Authority and the LondonStock Exchange plc. Investors should consult their own tax advisers as to the tax implications ofthe move to the Official List and the Main Market. Aricom has grown significantly since its admission to AIM in December 2003 andthe directors of the Company now consider the Official List to be the mostappropriate platform for the continued growth of the Group. The directors areconfident about the positioning and strategy of the Group and believe that theGroup is well placed to continue to achieve substantial growth during its nextstage of development on the Official List. Specifically, the directorsanticipate that trading on the Main Market may raise the Group's profile andincrease the liquidity in its Ordinary Shares and Warrants. JPMorgan Cazenove Limited and Canaccord Adams Limited have been appointed asjoint sponsors in relation to the move to the Main Market and will be acting asjoint broker and joint financial adviser to the Company. Jay Hambro, Chief Executive Officer, said: - "Aricom is taking this step from AIM to the Main Market at the same time as wenear the first operational milestone for the Company - production from theKuranakh deposit. I believe that being traded on the Main Market will holdsignificant benefits for the Company and its shareholders." - Ends - For further information:Aricom plcJay Hambro, Chief Executive Tel: +44 (0) 20 7201 8939 www.aricom.plc.ukJPMorgan CazenoveIan Hannam / Patrick Magee Tel: +44 (0) 20 7155 2828 www.jpmorgancazenove.comCanaccord AdamsRobert Finlay / Chris Bowman Tel: +44 (0) 20 7050 6500 www.canaccordadams.com Abchurch Tel: +44 (0) 20 7398 7700Charlie Jack/ George Parker www.abchurch-group.com This announcement is an advertisement and not a prospectus and investors shouldnot subscribe for or purchase any securities referred to in this announcementexcept on the basis of information in the prospectus to be published by theCompany (the "Prospectus") in due course in connection with the admission of itsOrdinary Shares and Warrants to the Official List and to trading on the MainMarket ("Admission"). Copies of the Prospectus will, following publication, beavailable from the offices of Aricom plc 10-11 Grosvenor Place, London, SW1X7HH. The Company is not offering any new Ordinary Shares, Warrants or othersecurities in connection with Admission. This document does not constitute anoffer to sell, or the solicitation of an offer to subscribe for or buy OrdinaryShares, Warrants or other securities in any jurisdiction. The contents of this announcement have been prepared by and are the soleresponsibility of the Company. JPMorgan Cazenove and Canaccord which areauthorised and regulated in the United Kingdom by the FSA have been appointed asJoint Financial Advisers and Joint Sponsors to the Company. JPMorgan Cazenoveand Canaccord are advising the Company and no-one else in connection withAdmission and will not be responsible to anyone other than the Company forproviding the protections afforded to the clients of JPMorgan Cazenove orCanaccord or for affording advice in relation to Admission, the contents of thisannouncement or any transaction or arrangement referred to herein. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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