9th Aug 2007 09:41
AIM09 August 2007 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:INTERACTIVE WORLD PLC (TO BE RENAMED SPORT MEDIA GROUP PLC) COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :REG OFFICE:RAMILLIES HOUSE, 2 RAMILLIES STREET, LONDON W1F 7LN TRADING OFFICE: 26 THAMES ROAD, BARKING, ESSEX IG11 0JA COUNTRY OF INCORPORATION:UKCOMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:www.interactiveworld.com COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITSINVESTING STRATEGY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BESTATED: The Company sells digital media content through mobile telephones via the internet to mobile customers of major UK MNOsand users of leading UK internet key search engines. It was incorporated in the UK in 1999 and the Ordinary Shareswere admitted to trading on AIM on 8 May 2006. The Group has been profitable and has declared dividends since itsincorporation. The transaction constitutes a reverse take-over and acquisition of Sports Newspapers Limited which was established inthe UK in 1986 and is now a recognised UK branded tabloid newspaper publishing titles including the Daily Sport andSunday Sport. The Company has entered into a conditional agreement for the acquisition of the whole of the issuedshare capital of Sports Newspapers Limited and the name change to Sport Media Group plc is effective upon admission ofthe enlarged share capital.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 heldas treasury shares):Placing of 58,266,667 Placing Shares at 75p per share Vendor Placing of 19,273,148 Existing Ordinary Shares at 75p per shareCAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:Gross proceeds of the Placing: £43,700,000 Market Capitalisation of the Company on Admission at the Placing Price (including the Ordinary Shares and the AOrdinary Shares): £72,638,663PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:Circa 10%DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) AREOR WILL BE ADMITTED OR TRADED:-FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known orincluding any other name by which each is known):Simon Hume Kendall - Non Executive Chairman Andrew Peter Fletcher - Chief Financial Officer Andrew Fickling - Executive Director and Managing Director of Sport Newspapers Nigel Edwin Blythe-Tinker - Non Executive DirectorFULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE ANDAFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):Name Before - % After - %David Sullivan* 49.95 NilDalton Strategic Partnership LLP 7.55 3.0Shore Capital 6.44 2.5DRWKS Securities 3.82 1.5* of these Ordinary Shares, David Sullivan and AWDTrustees Limited jointly holds 2,359,398 Ordinary Sharesas trustees of The Sullivan Trust, the sole beneficiary ofwhich is David Sullivan.NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:There are no persons to be disclosed under Schedule 2, Paragraph (H) of the AIM Rules(i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:(i) 31 July (ii) May 2007 (Sport Newspapers Ltd) - six months to 31 January 2007 (Interactive World plc) (iii) Finals - by 31 January 2008 Interims - by 30 April 2008 Finals - by 31 January 2009 EXPECTED ADMISSION DATE:5 September 2007 NAME AND ADDRESS OF NOMINATED ADVISER:Daniel Stewart & Company plc, Becket House, 36 Old Jewry, London EC2R 8DD NAME AND ADDRESS OF BROKER:Daniel Stewart & Company plc, Becket House, 36 Old Jewry, London EC2R 8DD OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILLBE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITSSECURITIES: Daniel Stewart & Company, plc, Becket House, 36 Old Jewry, London EC2R 8DD. The document will contain full detailsabout the applicant and the admission of its securities. DATE OF NOTIFICATION:9 August 2007 NEW/ UPDATE:New This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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