Sch 1 Update - Strat Aero Plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Strat Aero plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

The Beehive

City Place

Gatwick Airport

West Sussex

RH6 0PA

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.strat-aero.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Strat Aero is an international aerospace services company focussed primarily on the provision of training solutions, management systems and consultancy services to the international aviation market. The Directors, who have extensive experience in multiple aspects of the aviation industry, are looking to capitalise on opportunities resulting from the forecasted strong growth in the airline industry and in particular, the predicted almost exponential growth in the emerging UAV industry over the coming decade.

The Group is organised into three divisions:

· Unmanned Aerial Systems ("UAS") Pilot Training and Services

· Aviation Software, Products and Services

· Aviation Management and Consultancy Services

The Company has developed an operating platform from which to expand its divisional activities. The primary focus will be capitalising on UAS pilot training and services, through leveraging its expertise and fully functional training facility at Roswell, Chaves County, New Mexico, United States ("Roswell"). Training of US Air Force UAS pilots is expected to commence by early Q1 2015 in partnership with Northrop Grumman. The Group has further leveraged its position to target the provision of UAS training and services to non-military markets including law enforcement, education and corporate.

In addition to its UAS division, the Company has built a proprietary advanced aerospace management system which it develops and markets through its Aviation, Software, Products and Services division. This has multiple functionality which will be also marketed to non-aerospace sectors.

The third division, Aviation Management and Consultancy, has a primary emphasis on fixed base operators and other service providers and utilises the cumulative experience of the management team and employees. Contracts are already in place, a number of which are generating revenues including one for the provision of consultancy services for the establishment of a new low cost airline.

The Group is headquartered at Gatwick airport in the United Kingdom and operates from a network of offices and consultants in London, New York, Houston, Seattle and Singapore.

The Company's main country of operation is initially expected to be the USA.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

76,968,437 ordinary shares of 1p each

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£650,000 (gross of expenses)

£6.2 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

65.57%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

n/a

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Captain Graham Douglas Grindell Peck (Executive Chairman)

Captain Russell Maurice Peck (Chief Executive Officer)

Robert James Salluzzo (Chief Financial Officer)

Gregory Kuenzel (Non-executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

There are no restrictions as to the transfer of the Company's Ordinary Shares.

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

i). 31 December;

ii). 30 June 2014; and

iii). Annual results to 31 December 2014 by 30 June 2015;

Interim results to 30 June 2015 by 30 September 2015; and

Annual results to 31 December 2015 by 30 June 2016;

EXPECTED ADMISSION DATE:

17 November 2014

NAME AND ADDRESS OF NOMINATED ADVISER:

SP Angel Corporate Finance LLP

Prince Frederick House

35-39 Maddox Street

London

W1S 2PP

NAME AND ADDRESS OF BROKER:

SP Angel Corporate Finance LLP

Prince Frederick House

35-39 Maddox Street

London

W1S 2PP

Beaufort Securities Limited

131 Finsbury Pavement

London

EC2A 1NT

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

A copy of the admission document containing full details about the applicant and the admission of its securities will be available on the Company's website www.strat-aero.com

DATE OF NOTIFICATION:

7 November 2014

NEW/ UPDATE:

UPDATE