11th Mar 2005 08:33
AIM11 March 2005 ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS PRIOR TO ADMISSION ALL APPLICANTS MUST COMPLETE THE FOLLOWING: COMPANY NAME:Hydro International plc COMPANY ADDRESS:Shearwater House, Clevedon Hall Estate, Victoria Road, Clevedon, BS21 7RD COMPANY POSTCODE:BS21 7RD COUNTRY OF INCORPORATION:England & Wales COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY:Hydro International plc is the parent company of a group that offers cost-effective solutions for the managementand treatment of stormwater and municipal wastewater using expertise in vortex and complementary technologies. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to whichit seeks admission and the number and type to be held as treasury shares):13,802,419 ordinary shares of 5p each CAPITAL TO BE RAISED ON ADMISSION:Nil FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:Roger Charles Lockwood - Chairman (aged 59)Stephen Peter Hides - Group Managing Director (aged 45)Keith Marshall - Group Finance Director (aged 41)Christopher Alan Williams - Managing Director, Hydro International (UK) Ltd (aged 37)Robert Yaw Gyamfi Andoh - Technical Director (aged 46) PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITALSTATING WHETHER BEFORE OR AFTER ADMISSION:Current and following admission: T J Lamb 20.15%R P M Smisson 10.83%G Thomas 7.53%J Hart 6.48%T J Lamb and S M Lamb 4.29% NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES:N/A ANTICIPATED ACCOUNTING REFERENCE DATE:31 December EXPECTED ADMISSION DATE:12 April 2005 NAME AND ADDRESS OF NOMINATED ADVISER:KBC Peel Hunt Ltd, 111 Old Broad Street, London, EC2N 1PH NAME AND ADDRESS OF BROKER:KBC Peel Hunt Ltd, 111 Old Broad Street, London, EC2N 1PH DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENTTHAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:N/A DATE OF NOTIFICATION:11 March 2005 NEW/ UPDATE (see note):New QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING: THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:The Official List of the UK Listing Authority THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:14 November 1994 CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORYREQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET:Save in relation to the items specified below, The Company confirms, having made due and careful enquiry, that ithas adhered to any legal and regulatory requirements involved in having its securities traded on the OfficialList of the UK Listing Authority 1. The Company has not historically announced the granting of options to directors, though such grants were referred to in the next following annual report published by the Company following such grants. The last occasion on which this oversight occurred was when certain directors were granted options on 17 September 2004. This grant was announced on 28 February 2005 and is also referred to in the Company's annual report, which has been published today. The Company confirms that all exercises of share options by directors have been notified correctly and that full cognisance of the Model Code was taken when options were granted and exercised. 2. The Company has not always applied for the listing of newly issued shares following the exercise of share options, though the exercise of such options was correctly notified at the time. A corrective application for listing was announced on 29 August 2001. AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THELAST TWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:http://www.hydrointernational.biz/corp_info.html DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILSOF ITS INVESTMENT STRATEGY:The strategy of the Group is based on the following principals: • Core markets - internally generated growth based on greater penetration of the Group's core geographical territories of the UK and USA. • Geographical expansion - taking the existing product portfolio into new geographical territories through distribution or licence agreements. • Product research and development - bringing new products to market through internally generated intellectual property. • Business expansion by acquisition - growth through acquisition of intellectual property and/or businesses that complement the Group's philosophy. A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURREDSINCE THE END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:None A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILIABLE TOIT OF ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:The Directors of the Company have no reason to believe that its working capital will be insufficient for at leasttwelve months from the expected admission date stated above DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:N/A A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:Transfers of the shares in the Company are settled through CREST and in certificated form A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:http://www.hydrointernational.biz/corp_info.html INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:This information has, on the date of notification stated above, been placed on the Company's website at http://www.hydrointernational.biz/corp_info.html A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE AFINANCIAL YEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND FULLY AUDITED INTERIM RESULTS WHEREAPPLICABLE. THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS.http://www.hydrointernational.biz/corp_info.html THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY.N/A This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HYD.L