10th Oct 2006 09:26
AIM10 October 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: Castor Investments plc (to be renamed Merchant Securities plc) COMPANY ADDRESS: 34 Southwark Bridge Road London COMPANY POSTCODE: SE1 9EU COUNTRY OF INCORPORATION: England & Wales COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED INACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES: Merchant Securities plc is to be admitted by way a reverse takeover of Castor Investments plc at a price of 5p pershare. Merchant Securities plc is a private client and institutional stockbroking company specialising in corporate finance,private client investment management services and institutional sales trading. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which itseeks admission and the number and type to be held as treasury shares): 27,200,000 existing ordinary shares of 1 pence each were readmitted on 2 October 2006 following suspension (to become2,720,000 new ordinary shares of 10 pence each following a share consolidation) 16,700,000 new ordinary shares of 10 pence each to be admitted (as vendor consideration) Based on the issue price of 5p per share, the anticipated market capitalisation on Admission is £9.7 million. CAPITAL TO BE RAISED ON ADMISSION: None FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: Current board of Castor Investments plc: David Barton (Non-Executive Chairman) Alan Pereira (Finance Director) David Barton and Alan Pereira will both resign upon admission of the new ordinary shares. Proposed board on Admission: John Louis Green (Non-Executive Chairman) Francisco Anthony Bodie Fabrizi (Chief Executive) Patrick Timothy Claridge (Executive Director) Steven John Whelton (Finance Director) Charles Beaufort Price (Non-Executive Director) PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITALBEFORE AND AFTER ADMISSION: Percentage holding in Castor Investments plc before admission: Ruffler Bank Plc 20.6Barry Muncaster 14.7Co-opr8 Investments Plc 7.5Barclays Stockbrokers 7.3City and Continental Securities Limited 5.0Joe Muncaster 3.7Mrs Immacolata Davis 3.7 Percentage holding after admission: Anthony Fabrizi 25.53Gartmore 17.00Andertec Limited 6.80Ruffler Bank plc 6.29CE/U.K,./LLC 6.12Patrick Claridge 5.10City and Continental Securities 4.95City and Continental LLP 4.25 NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: N/A ANTICIPATED ACCOUNTING REFERENCE DATE: 31 March EXPECTED ADMISSION DATE: 26 October 2006 NAME AND ADDRESS OF NOMINATED ADVISER: Arden Partners plc Nicholas House 3 Laurence Pountney Hill London EC4R 0EU NAME AND ADDRESS OF BROKER: Arden Partners plc Nicholas House 3 Laurence Pountney Hill London EC4R 0EU DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THISWILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: Arden Partners plc Nicholas House 3 Laurence Pountney Hill London EC4R 0EU Copies of the admission document are available from the above address; this document contains full details about theapplicant and the admission of its securities. DATE OF NOTIFICATION: 10 October 2006 NEW/ UPDATE (see note): New This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mercia Asset