17th Oct 2006 15:55
AIM17 October 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: UMC Energy plc (the "Company") COMPANY ADDRESS: Ground Floor11 Albemarle StreetLondon COMPANY POSTCODE: W1S 4HH 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: The Company was admitted to trading on AIM on 14 August 2005 as an investing company with a stated investment strategyof investing in the mining and minerals sector, focusing on energy-related minerals. The Company has now conditionally agreed to acquire an 80% interest in eight exploration permits covering approximately9,994km2 in the Morondava Basin in Western Madagascar. The area over which the exploration permits have been grantedare prospective for uranium and the Company intends to conduct a range of exploration activities targeting uraniummineralisation. The acquisition of the 80% interest in the uranium exploration permits is conditional upon, amongst other things,shareholder approval which is being sought at an extraordinary general meeting to be held on 30 October 2006. 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): 30,681,668 ordinary shares each fully paid with a par value of 5 pence each. CAPITAL TO BE RAISED ON ADMISSION: There will not be a capital raising as part of the Company's admission to AIM. FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: Directors: Robert Anthony Cleary Non-executive ChairmanChrisilios (Chris) Kyriakou Executive directorGeorge Joseph Bujtor Non-executive director Proposed directors: Kenneth Harry Bates Non-executive directorThe Honourable William McKnight, PC 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: Name % holding before admission % holding after admissionCline Mining Corporation - 40.00%Investika Ltd 19.56% 11.73%Willbro Nominees Limited 14.67% 8.80%Fitel Nominees Limited 11.19% 6.71%Societe Privee de Destion De 8.69% 5.21%PatrimoineBBH ISL Nominees Limited 5.43% 3.26%Credit Suisse First Boston Client 5.43% 3.26%Nominees LimitedPershing Keen Nominees Limited 4.62% 2.77% NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: Payments of US$166,000 and US$96,000 have been made by Uranium Mining Corporation of Madagascar S.A ("URAMAD") andCompagnie Generale Des Mines De Madagascar ("CGMM") to Bureau du Cadastre Minier, of: Rue Fanafaty, Ampandrinomby,Antananarivo 101, Madagascar, with respect to permit fees for the uranium exploration permits. ANTICIPATED ACCOUNTING REFERENCE DATE: 31 January EXPECTED ADMISSION DATE: 31 October 2006 NAME AND ADDRESS OF NOMINATED ADVISER: Nabarro Wells & Co. Limited Saddlers House Gutter Lane London EC2V 6HS NAME AND ADDRESS OF BROKER: ODL Securities Limited The Northern & Shell Building 10 Lower Thames Street London EC3R 6AD 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: A copy of the Admission Document, which will contain full details about the Company and the admission of itssecurities, will be available from the Company's registered office: Ground Floor, 11 Albemarle Street, London, W1S 4HH DATE OF NOTIFICATION: 17 October 2006 NEW/ UPDATE (see note): New This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
UEP.L