20th Dec 2005 12:47
AIM20 December 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: Gable Holdings Inc. COMPANY ADDRESS: Walkers SPV Limited Walker House Mary Street PO Box 908GT George Town Grand Cayman, Cayman Islands COMPANY POSTCODE: NA COUNTRY OF INCORPORATION: Cayman Islands 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: Gable Holdings Inc. has conditionally agreed to acquire the entire issued share capital of Brown Duke AG.Following completion of the acquisition it is intended that Brown Duke AG will focus primarily on writinginsurance business in the niche construction and liability insurance markets in the UK and Ireland. If theproposed acquisition does not proceed, Gable Holdings Inc. will continue to pursue investment opportunities inthe insurance and reinsurance markets. 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): 111,400,000 ordinary shares having a nominal value of 0.25p each CAPITAL TO BE RAISED ON ADMISSION: £4,750,000 before expenses FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: Existing Directors: John James Leat (Executive Chairman) Ian Charles Tickler (Non-Executive Director) Julian Blaise O'Clarey Craven (Non-Executive Director) Joanna Rebecca Andre Unden (nee Barrett) (Non-Executive Director) Proposed Director: William Albert Dewsall (Proposed Chief 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: Before Admission: Corvus Capital Inc. (33.02%) Killik & Co.* (17.45%) New Star Asset Management* (9.43%) After Admission: Corvus Capital Inc. (17.06%) William Dewsall (17.06%) Killick & Co* (12.75%) New Star Asset Management* (9.61%) Solent Nominees Limited (9.45%) Barry Clementson (5.39%) Ron Brown (5.39%) Walker Crips (3.86%) Global Fund (3.59%) * - held as nominees for their various clients NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: Kitwell Consultants Limited Address: Kitwell House, The Warren, Radlett, Hertfordshire, WD7 7DU Pursuant to a consultancy agreement dated 22 December 2004, the Company paid a fee of £7,500 for the provision ofconsultancy services by Kitwell Consultants Limited in relation to the Company's admission to AIM and a fee of£12,500 will be paid by the Company on completion of the acquisition of Brown Duke AG. CVS Management Limited Address: 2nd Floor, Stanmore House, 29-30 St James's Street, London SW1A 1HB Pursuant to a consultancy agreement dated 22 December 2004, the Company paid a fee of £15,000 for the provisionof consultancy services by CVS Management Limited in relation to the Company's admission to AIM and a fee of£25,000 will be paid by the Company on completion of the acquisition of Brown Duke AG. Penkenna Limited Address: Palm Grove House, PO Box 438, Road Town, Tortola, British Virgin Islands Pursuant to a letter dated 6 January 2005, the Company has paid Penkenna Limited a commission fee of £50,000 inrespect of the procurement by it of subscribers for shares on the Company's admission to trading on AIM inJanuary 2005. Pursuant to an agreement dated 5 December 2005, the Company has paid Penkenna Limited a commission fee of £50,000in respect of an agreement to underwrite the placing and the procurement by it of subscribers for shares at thetime of the placing. Stephen Fryett Address: Evergreen, Holwood Park Avenue, Keston Park, Farnborough, Kent BR6 8NQ The Company has paid Stephen Fryett £26,000 as director's fees and on termination of his directorship. ANTICIPATED ACCOUNTING REFERENCE DATE: 31 December EXPECTED ADMISSION DATE: 23 December 2005 NAME AND ADDRESS OF NOMINATED ADVISER: Strand Partners Limited 26 Mount Row London W1K 3SQ NAME AND ADDRESS OF BROKER: Walker Crips Stockbrokers Limited Sophia House 76/80 City Road London EC1Y 2EQ 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: The Admission Document containing full details about the applicant and its securities, will be available forpublic inspection for a period of not less than one month from the date of admission at the following location: Fladgate Fielder 25 North Row London W1K 6DJ DATE OF NOTIFICATION: 20 December 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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