AIM Schedule One - Central Asia Metals Plc (9384S)
06 Ottobre 2017 - 11:30AM
UK Regulatory
TIDMCAML
RNS Number : 9384S
AIM
06 October 2017
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT
PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2
OF THE AIM RULES FOR COMPANIES ("AIM RULES")
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COMPANY NAME:
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Central Asia Metals plc
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT,
COMPANY TRADING ADDRESS (INCLUDING POSTCODES)
:
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Company registered office:
Masters House
107 Hammersmith Road
London
W14 0QH
United Kingdom
Company trading address:
11 Albemarle Street
London
W1S 4HH
United Kingdom
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COUNTRY OF INCORPORATION:
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England and Wales
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION
REQUIRED BY AIM RULE 26:
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www.centralasiametals.com
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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:
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Central Asia Metals plc:
CAML is an AIM quoted copper producer which
wholly owns the Kounrad operations in central
Kazakhstan and has begun exploration of the
80 per cent. owned Shuak property in the Akmola
region of northern Kazakhstan. CAML's senior
management team has a proven track record of
developing and commercialising mining opportunities,
with over 100 years of combined mining experience.
The team is supported by non-executive directors
who, together, have extensive experience in
the natural resources and financial sectors.
Lynx Resources Limited:
Lynx Resources Limited is a private company
registered in Bermuda established by Fusion
Capital and Orion in June 2015 for the purpose
of acquiring the SASA zinc-lead mine in Macedonia
from Solway Industries Ltd and Solway Industries
EESTI AS. Lynx Resources Limited owns an effective
100 per cent. interest in the SASA Mine and
currently has offices in Macedonia, Switzerland
and Bermuda.
Main Countries of Operation for the Applicant:
Kazakhstan and Macedonia
Admission is being sought as a result of a reverse
takeover under AIM Rule 14
The Company announced a placing concurrently
with the notification that an agreement had
been reached to acquire Lynx Resources Limited.
Subject to shareholder approval being granted
at an extraordinary general meeting which has
been convened for 11:00am on 11 October 2017,
admission of the placing shares will occur on
12 October 2017. The Acquisition is conditional
on inter alia, completion of the placing and
certain regulatory approvals, including from
the Macedonian Competition Commission. Completion
of the Acquisition, issue of the Consideration
Shares and Admission is expected to occur six
business days after the satisfaction or waiver
(if applicable) of the conditions referred to
in the Admission Document and is expected to
occur during Q4 2017. The long stop date for
satisfaction of such conditions is 15 December
2017.
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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):
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Number of ordinary shares of US$0.01 each ("Ordinary
Shares") to be admitted to trading: 176,498,266
(including 511,647 treasury shares)
There are no restrictions as to transferability
of the Ordinary Shares.
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
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Capital to be raised on Admission: none (Gross
capital to be raised through the placing prior
to Admission of GBP113.0 million)
Anticipated market capitalisation at Admission:
GBP404.8 million (at the Placing Price of 230
pence per share and assuming no options are
exercised prior to Admission)
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS
AT ADMISSION:
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Current: 36.6%
Following Admission: 19.3%
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM
TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED
TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS
AIM SECURITIES) ADMITTED OR TRADED:
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None
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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):
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Nicholas ("Nick") Royston Clarke, Executive
Chairman
Nigel Francis Robinson, Chief Financial Officer
Gavin Ronald Ferrar, Business Development Director
Christopher Nigel Hurst-Brown, Non-Executive
Director, Deputy Chairman
Robert Maitland Cathery, Non-Executive Director
David John Swan, Non-Executive Director
Roger Owen Davey, Non-Executive Director
Kenges Rakishev, Non-Executive Director
Nurlan Zhakupov, Non-Executive Director
There are no proposed directors.
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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):
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Prior to Admission Shareholder Number Ord Shares
of Ord as a % of
Shares share capital(1)
---------------------- ----------- ------------------
Kenges Rakishev 21,211,751 19.0
---------------------- ----------- ------------------
Canaccord Genuity
Group Inc(2) 11,610,300 10.4
---------------------- ----------- ------------------
Majedie Asset
Management 8,451,384 7.6
---------------------- ----------- ------------------
Commonwealth
American Partners
LLP 6,401,000 5.7
---------------------- ----------- ------------------
BlackRock Investment
Management 6,158,987 5.5
---------------------- ----------- ------------------
FIL Investment
International 4,920,927 4.4
---------------------- ----------- ------------------
Central Asia
Metals Employee
Benefit Trust 4,642,896 4.2
---------------------- ----------- ------------------
D & A Income
Ltd 4,420,626 4.0
---------------------- ----------- ------------------
Miton Group
plc 4,203,616 3.8
---------------------- ----------- ------------------
Post admission of the Placing Shares at 12 October
2017: Shareholder Number Ord Shares
of Ord as a % of
Shares share capital(1)
---------------------- ----------- ------------------
Canaccord Genuity
Group Inc(2) 15,818,995 9.8
---------------------- ----------- ------------------
BlackRock Investment
Management 13,966,332 8.7
---------------------- ----------- ------------------
FIL Investment
International 12,566,707 7.8
---------------------- ----------- ------------------
Majedie Asset
Management 11,172,777 7.0
---------------------- ----------- ------------------
Kenges Rakishev 10,605,876 6.6
---------------------- ----------- ------------------
Commonwealth
American Partners
LLP 6,401,000 4.0
---------------------- ----------- ------------------
J O Hambro
Capital Management
Limited 6,000,000 3.7
---------------------- ----------- ------------------
Miton Group
plc 5,203,616 3.2
---------------------- ----------- ------------------
Post Admission of the Consideration Shares and
readmission of the enlarged group: Shareholder Number Ord Shares
of Ord as a % of
Shares share capital(1)
---------------------- ----------- ------------------
Canaccord Genuity
Group Inc(2) 15,818,995 8.9
---------------------- ----------- ------------------
Orion Co-Investment
III L.P 15,278,528 8.7
---------------------- ----------- ------------------
BlackRock Investment
Management 13,966,332 7.9
---------------------- ----------- ------------------
FIL Investment
International 12,566,707 7.1
---------------------- ----------- ------------------
Majedie Asset
Management 11,172,777 6.3
---------------------- ----------- ------------------
Kenges Rakishev 10,605,876 6.0
---------------------- ----------- ------------------
Commonwealth
American Partners
LLP 6,401,000 3.6
---------------------- ----------- ------------------
J O Hambro
Capital Management
Limited 6,000,000 3.4
---------------------- ----------- ------------------
Miton Group
plc 5,203,616 3.0
---------------------- ----------- ------------------
Note (1): Issued share capital excludes treasury
shares (511,647 ordinary shares currently held
in treasury)
Note (2): Hargreave Hale Limited has recently
been acquired by Canaccord Genuity Group Inc.,
through its wholly-owned subsidiary Canaccord
Genuity Wealth Group Holdings (Jersey) Limited,
and therefore Hargreave Hale Limited's shares
held have been aggregated with shareholdings
of other wholly-owned subsidiaries of Canaccord
Genuity Group Inc.
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE
WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
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None
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION
IN THE ADMISSION DOCUMENT HAS BEEN PREPARED
(this may be represented by unaudited interim
financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST
THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:
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(i) 31 December
(ii) 30 June 2017
(iii) 30 June 2018; 31 September 2018, 30 June
2019
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EXPECTED ADMISSION DATE:
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Expected date of Admission: 15 December 2017(1)
Note (1): the abovementioned expected date of
Admission is the long stop date for the satisfaction
or waiver (if applicable) of the conditions
to the Acquisition as referred to in the Admission
Document. Completion of the Acquisition is expected
to occur during Q4 2017 and the Company will
notify the market and update the expected date
of Admission when the conditions have been satisfied
or waived (if applicable).
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NAME AND ADDRESS OF NOMINATED ADVISER:
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Peel Hunt LLP
Moor House
120 London Wall
London
EC2Y 5ET
United Kingdom
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NAME AND ADDRESS OF BROKER:
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Peel Hunt LLP
Moor House
120 London Wall
London
EC2Y 5ET
United Kingdom
Mirabaud Securities Limited
10 Bressenden Place
London
SW1E 5DH
United Kingdom
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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:
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A copy of the Admission Document containing
full details about the applicant and the admission
of its securities is available on the Company's
website at:
www.centralasiametals.com
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DATE OF NOTIFICATION:
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6 October 2017
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NEW/ UPDATE:
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New
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This information is provided by RNS
The company news service from the London Stock Exchange
END
PAAUNUKRBRARRRA
(END) Dow Jones Newswires
October 06, 2017 05:30 ET (09:30 GMT)
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