12th Oct 2005 09:23
AIM12 October 2005 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: Mwana Africa plc (to be renamed as such following the reverse takeover of AIM listed African Gold plc bythe shareholders of Mwana Africa Holdings (Pty) Limited) COMPANY ADDRESS: 20-22 Bedford Row, London COMPANY POSTCODE: WC1R 4JS COUNTRY OF INCORPORATION: England COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BEDISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES: Mwana Africa plc will be formed by the reverse takeover of African Gold plc by the shareholders of MwanaAfrica Holdings (Pty) Limited. The combined business will form a pan-African mining exploration,development and production company with operating assets in Zimbabwe, development prospects andexploration licenses in Zimbabwe, the Democratic Republic of the Congo and Ghana. The strategy of MwanaAfrica plc going forward will be to utilise the extensive network of relationships of the Board ofDirectors in sub-Saharan Africa to form joint venture relationships for exploration projects with majormultinational mining groups. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price towhich it seeks admission and the number and type to be held as treasury shares):151,121,154 ordinary shares of 10p each CAPITAL TO BE RAISED ON ADMISSION: Gross proceeds of £4,350,000 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: Oliver Alexander Guy Baring Chairman Kalaa Katema Mpinga* Chief Executive Officer David Glanville Kenelm Fish* Financial Director Henry (Hank) Richmond Slack Non Executive Director Timothy Charles* Wadeson Non-Executive Director and acting Technical Director *Proposed Directors PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARECAPITAL BEFORE AND AFTER ADMISSION: At 28 September 2005 Immediately following admission to AIMShareholder Number of 1p Percentage of Number of 10p Percentage of ordinary shares issued ordinary ordinary shares issued ordinary share capital share capital Kalaa Katema Mpinga - - 35,849,008 23.72David Glanville Kenelm Fish - - 19,393,726 12.83African Mining Company Limited - - 13,712,736 9.07Mwana Zambia (Pty) Limited - - 9,794,811 6.48Balagne Limited - - 6,856,368 4.54Queensgate Capital Ventures Limited - - 6,856,368 4.54Caremont Investments Limited - - 6,856,368 4.54Busfield Holdings Limited - - 6,856,368 4.54John Teeling 16,750,000 5.28 1,675,000 1.11BNY (OCS) Nominees Ltd 14,075,000 4.43 1,407,500 0.93WILLBRO Nominees Ltd 13,282,000 4.20 1,328,200 0.88ROY Nominees Ltd 11,410,000 3.59 1,141,000 0.76NUTRACO Nominees Ltd 10,643,000 3.35 1,064,300 0.70 NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIMRULES: Save as otherwise disclosed in the admission document, there is no person to be disclosed in accordancewith Schedule 2, paragraph (h) of the AIM Rules. ANTICIPATED ACCOUNTING REFERENCE DATE: 31 December 2005 EXPECTED ADMISSION DATE: 26 October 2005 NAME AND ADDRESS OF NOMINATED ADVISER: Canaccord Capital (Europe) Limited, 1st Floor Brook House, 27 Upper Brook Street, London W1K 7QF NAME AND ADDRESS OF BROKER: Canaccord Capital (Europe) Limited, 1st Floor Brook House, 27 Upper Brook Street, London W1K 7QF DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH ASTATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: Copies of the admission document will be available free of charge at the offices of Canaccord Capital(Europe) Limited, 1st Floor Brook House, 27 Upper Brook Street, London W1K 7QF and at the offices of MwanaAfrica plc, 20-22 Bedford Row, London WC1R 4JS during normal business hours on any weekday (excludingSaturdays, Sundays and public holidays) from the date of this document until one month after re-admissionof the shares of Mwana Africa plc to trading on AIM. DATE OF NOTIFICATION: 12 October 2005 NEW/ UPDATE (see note): New This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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