11th Sep 2006 15:32
AIM11 September 2006 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:Penna Consulting Plc COMPANY ADDRESS:3rd FloorSt Mary's Court20 St Mary at HillLondon COMPANY POSTCODE:EC3R 8EE COUNTRY OF INCORPORATION:England and Wales 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:Penna Consulting Plc provides human capital management services encapsulating the entire employment lifecycle andinclude career transition, resourcing, recruitment communications, HR consulting and leadership services. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which itseeks admission and the number and type to be held as treasury shares):25,273,348 ordinary shares of 5p each CAPITAL TO BE RAISED ON ADMISSION:Approximately £4 million before expenses FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:Stephen Rowlinson - ChairmanGary Browning - Chief Executive OfficerDavid Firth - Finance DirectorSir James Harvie-Watt - Non Executive DirectorDavid Banks - Non Executive DirectorRichard Stillwell - Non 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:Description Prior to Admission Post Admission Stephen Rowlinson 29.98% 34.08%Susan Mumme 17.09% 13.22%Jeremy Hosking 11.41% 12.62%Henderson Global Investors 5.13% 3.97%Aberdeen Asset management 4.89% 3.78%Invesco Asset Management 3.54% 2.74%Gartmore Investment Management 1.79% 7.04%NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:Save as disclosed in the Circular to shareholders published on 18 August , no known persons needs to be disclosed inaccordance with Schedule 2, paragraph (h) of the AIM Rules. A copy of the Circular is available from the offices ofEversheds LLP at Senator House, 85 Queen Victoria Street, London, EC4V 4JL. ANTICIPATED ACCOUNTING REFERENCE DATE:31 March EXPECTED ADMISSION DATE:10 October 2006 NAME AND ADDRESS OF NOMINATED ADVISER:Bridgewell LimitedOld Change House128 Queen Victoria StreetLondonEC4V 4BJ NAME AND ADDRESS OF BROKER:Bridgewell LimitedOld Change House128 Queen Victoria StreetLondonEC4V 4BJ DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THISWILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:Not applicable - transfer from the Official List, no admission document required DATE OF NOTIFICATION:11 September 2006 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:Official List of the London Stock Exchange THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:7 June 1996 CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORYREQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET:Confirmed AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE LASTTWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:http://www.e-penna.com/investors/press/ DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITSINVESTMENT STRATEGY:Continue to offer services that encapsulate the entire employment lifecycle including career transition, resourcing,recruitment communications, HR consulting and leadership services and to grow both organically and where appropriatethrough acquisition. A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THEEND OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:On 4 July 2006 Penna Consulting Plc announced that trading in the first financial quarter had been below expectationsand as a result, the directors believe that the profit outcome for the year as a whole will be marginally below thatachieved for the year ended 31 March 2005. A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILABLE TO IT ORITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:Following the placing and admission to AIM and the new borrowing arrangements provided by RBS, the Directors have noreason to believe that Penna Consulting Plc's working capital will be insufficient for at least twelve months from thedate of its admission to AIM. DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:None A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:Securities are registered in, and will be settled on, CREST A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:http://www.e-penna.com/investors/ INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:None A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A FINANCIALYEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND INTERIM RESULTS WHERE APPLICABLE. THE ACCOUNTS MUST BEPREPARED IN ACCPRDANCE WITH ACCOUNTING STANDARDS PERMISSIBLE UNDER AIM RULE 19:http://www.e-penna.com/investors/investors/ THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:n/a This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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