6th May 2005 13:20
AIM06 May 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: Ultima Networks PLC COMPANY ADDRESS: Akhter House, Perry Road, Harlow, Essex COMPANY POSTCODE: CM18 7PN COUNTRY OF INCORPORATION: England COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY: The principal activities of the Group are the development, licensing and support of professional software, the supply of telecoms products and services, the installation and distribution of energy saving products, property rentals and the provision of networking products and services. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares,nominal value and issue price to which it seeks admission and the number andtype to be held as treasury shares): £2,043,941.91 nominal share capitalcomprising 204,394,191 ordinary shares of 1p each. CAPITAL TO BE RAISED ON ADMISSION: Nil FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: Humayun Akhter Mughal - Executive ChairmanRobert Jeffrey Piper - Finance Director and Company SecretaryPeter John Barron - Non-Executive DirectorPeter Young Thoms - Non-Executive Director PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS APERCENTAGE OF THE ISSUED SHARE CAPITAL STATING WHETHER BEFORE OR AFTERADMISSION: The following persons are interested in 3% or more of the capital ofUltima Networks PLC: Akhter Group plc (of which Mr. H. A Mughal is a director)and related parties (in which Mr. H. A Mughal has beneficial interests) 48.62%, NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE2, PARAGRAPH (G) OF THE AIM RULES: Khalid Malik, director of subsidiary company,C2 Communications Limited, has been paid £34,000 and is owed £7,500 in respectof consultancy fees, totalling £41,500. Khalid Malik can be contacted c/o C2Communications Limited, Akhter House, Perry Road, Harlow, Essex, CM18 7PN. ANTICIPATED ACCOUNTING REFERENCE DATE: 31 December EXPECTED ADMISSION DATE: 7 June 2005 NAME AND ADDRESS OF NOMINATED ADVISER: ARM Corporate Finance Limited, 12 Pepper Street, London E14 9RP NAME AND ADDRESS OF BROKER: ARM Corporate Finance Limited, 12 Pepper Street, London E14 9RP DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BEAVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THEAPPLICANT AND THE ADMISSION OF ITS SECURITIES: Not applicable.Transfer from the Official List DATE OF NOTIFICATION: 6 May 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: UKLA Official List THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED: 17 May 1984 CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHEREDTO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS SECURITIESTRADED UPON SUCH A MARKET: The Company confirms, having made due and carefulenquiry, that it has adhered to any to any legal and regulatory requirements inhaving its securities traded on the Official List of the UK Listing Authoritysave for a class 2 announcement delay dated 3 September 1998 which related tothe sale of shares in Pegasus PLC during April/May 1998. AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THEAPPLICANT HAS MADE PUBLIC OVER THE LAST TWO YEARS (IN CONSEQUENCE OF HAVING ITSSECURITIES SO TRADED) ARE AVAILABLE: http:// www.ultima-networks.co.uk DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASEOF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY: The Company intendsto pursue growth of its businesses both organically and by acquisition. A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THEAPPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD FORWHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED: Annual report and accounts for theyear ended 31 December 2004 were approved on 19 April 2004 with a preliminaryannouncement published on 20 April 2004. The annual report and accounts for theyear ended 31 December 2004 are available from the company's web-site addresshttp://www.ultima-networks.co.uk A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THATTHE WORKING CAPITAL AVAILABLE TO IT OF ITS GROUP WILL BE INSUFFICIENT FOR ATLEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION: The Directors of the Companyhave no reason to believe that the working capital available to it will beinsufficient for at least twelve months from the date of its admission. DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES: Not applicable. A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:Transfers of the ordinary shares in the Company are settled through CREST and incertificated form. A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:http://www.ultima-networks.co.uk INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOTCURRENTLY PUBLIC: see http:// www.ultima-networks.co.uk A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT ANDACCOUNTS WHICH MUST HAVE A FINANCIAL YEAR END NOT MORE THEN NINE MONTHS PRIOR TOADMISSION AND FULLY AUDITED INTERIM RESULTS WHERE APPLICABLE. THE ACCOUNTS MUSTBE PREPARED ACCORDING TO UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS. http://www.ultima-networks.co.uk/accounts.html THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY. None This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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