Schedule 1 Update - Conygar Investment

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:

The Conygar Investment Company PLC

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

Fourth Floor, Bond House

19-20 Woodstock Street

London W1C 2AN

COUNTRY OF INCORPORATION:

England and Wales

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

www.conygar.com/investor.html

Homepage: www.conygar.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:

The Conygar Investment Company PLC ("the Company") is a property trading and development group dealing primarily in UK property. The Company aims to invest in property assets where significant value can be added by using property management, development and transaction structuring skills.  The offer for The Advantage Property Income Trust Limited ("TAP"), comprising a reverse take-over under the AIM Rules for Companies, has been declared wholly unconditional and therefore the Company is seeking re-admission to trading on AIM. The principal business and strategy of the Company, as enlarged by the acquisition of TAP, will remain unchanged at Admission.

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):

44,064,069 ordinary shares of 5 pence each. ISIN number: GB0033698720.

No restrictions as to transfer; no shares held as treasury shares.

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

The Company is not planning to raise capital on admission. 

Anticipated market capitalisation on admission: £51.6 million based on the closing price of 117 pence on 25 August 2009

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

20.9%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

NONE

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):

Robert Ware, Chief Executive

Peter Batchelor, Finance Director

Nigel Hamway, Non-Executive Chairman

Steven Vaughan, Property Director

Michael Wigley, 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):

Before Admission:

Laxey Partners Limited - 10.78%

Gartmore Investment Management Limited - 8.48%

Robert Ware - 8.81% 

Blackrock Inc. - 4.94%

After Admission:

Laxey Partners Limited - 10.35%

Gartmore Investment Management Limited - 9.78%

Robert Ware - 8.45% 

Blackrock Inc. - 4.74%

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

NONE

ANTICIPATED ACCOUNTING REFERENCE DATE 

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

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

(i) 30 September 2009

(ii) 31 March 2009 (unaudited interim financial information)

(iii) Annual Financial Report for the year ended 30 September 2009 to be published no later than 31 March 2010; Half-Yearly Report for the six months to 31 March 2010 to be published no later than 30 June 2010; and the Annual Financial Report for the year ended 30 September 2010 to be published no later than 31 March 2011.

EXPECTED ADMISSION DATE:

27 August 2009

NAME AND ADDRESS OF NOMINATED ADVISER:

Oriel Securities Limited, 125 Wood Street, London, EC2V 7AN.

NAME AND ADDRESS OF BROKER:

Oriel Securities Limited, 125 Wood Street, London, EC2V 7AN.

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:

The Conygar Investment Company PLC

Fourth Floor, Bond House

19-20 Woodstock Street

London W1C 2AN

The admission document contains full details about the applicant and the admission of its securities.

DATE OF NOTIFICATION:

26 August 2009

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