SSV Siteserv

RNS Number:3611N
Siteserv PLC
05 February 2008


                                      IEX SCHEDULE ONE-PRE-ADMISSION ANNOUNCEMENT
ANNOUNCEMENT TO BE MADE BY THE IEX APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE IEX RULES FOR COMPANIES
ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
Siteserv plc ("Siteserv" or the "Company")
COMPANY REGISTERED ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES):
Registered address: The Grange, Newcastle Road, Lucan, Co. Dublin, Ireland
COUNTRY OF INCORPORATION:
Ireland
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY RULE 26 IN THE IEX RULES FOR COMPANIES:
www.siteserv.ie
COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING
STRATEGY. IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKEOVER UNDER RULE 14 OF THE IEX RULES FOR COMPANIES,
THIS SHOULD BE STATED:
Admission is sought as a result of a reverse takeover by Siteserv of Deborah Services in accordance with Rule 14.



Siteserv

Siteserv is a non-trading holding company registered in Ireland and was established in late November 2004 by Brian
Harvey with the support of private investors to acquire Rent-a-Fence. In June 2006 the Company acquired Donohue
Scaffolding and in November 2006, the entire issued share capital of Siteserv was admitted to trading on AIM and IEX.
Since then Siteserv has continued to grow, both organically and through carefully targeted acquisitions, to become a
significant group offering a wide range of products and services to the construction, events and utility sectors in
Ireland. The Group has established a strong customer base, range of activities and geographical spread throughout
Ireland and has an established experienced management team putting it in a strong position to take advantage of
opportunities in its target sectors. The Group's strategy is to continue to target a high rate of growth in the
provision of on-site products and services to the construction, utilities and event sectors.



Siteserv has two operating divisions, namely the Infrastructure and Utilities Division and the Access Division. The
Infrastructure & Utilities Division is comprised of:

  * Sierra Communications, acquired in October 2007, is a support service provider, primarily to the
    telecommunications, power and civil engineering industries;
  * Holgate Fencing, acquired in November 2006, designs, supplies and installs a wide range of safety fences and
    environmental noise barriers in addition to providing a maintenance and repair service.; and
  * Roankabin, acquired in November 2007, is one of Ireland's leading providers of modular, off-site and portable
    building solutions operating on a hire and sale basis.



The Access Division is comprised of:

  * Donohue Scaffolding, acquired in June 2006, is one of the leading providers and installers of scaffolding and
    scaffolding related products to major building contractors, civil engineering specialists and  scaffolding
    subcontractors in Ireland on a hire, sale and contract basis;
  * Rent-a-fence, acquired in November 2004, is one of the leading providers of temporary fencing and related products
    and services to the construction and event management sectors in Ireland.; and
  * Easy Access, acquired in December 2006, is one of the leading suppliers of formwork and access to the Irish
    construction industry, operating from three depots in Dublin, Galway and Cork.



Deborah Services

Deborah Services, established in 1967, is a privately-owned UK company and a leading provider of scaffolding and
associated services to the construction industry throughout the UK. In addition, Deborah Services is one of the leading
privately owned multi-discipline contractors in the UK providing activities including scaffolding, insulation, asbestos
removal, protective coating and passive fire protection and operates a hire and sales division which offers a wide range
of site services products. The company's customer base comprises organisations in the mechanical, petrochemical, power
generation, civil engineering and building industries. Deborah Services' head office is based in Wakefield, West
Yorkshire and delivers its services from 32 leasehold and freehold depots situated across the UK. In 1987 the company
was acquired by BET plc who consolidated its then existing operations and acquired additional scaffolding interests
trading under the name Deborah Grayston Scaffolding. In 1994, Deborah Grayston merged with other BET plc companies to
form a multidiscipline organisation with the name reverting back to Deborah Services Limited. In 1996 BET plc was
acquired by Rentokil plc and the company's name was changed to Initial Deborah Services. In 2000, following a strategic
review by Rentokil of non-core activities, the company was bought by management and re-named Deborah Services.
DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF SECURITIES (i.e. where known, number
of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury
shares):
120,631,435 Ordinary Shares of nominal value Euro0.0016 each
CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
No capital being raised on admission



Expected Market Capitalisation on Admission Euro57,903,089 (120,631,435 Ordinary Shares at the closing market price on the
Irish Stock Exchange of Euro0.48 each on 4 February 2008)
PERCENTAGE OF IEX SECURITIES NOT IN PUBLIC HANDS ON ADMISSION:
c. 40%
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE IEX SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE
OR WILL BE ADMITTED OR TRADED:
AIM (London Stock Exchange)
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):
Hugh Cooney (Non-Executive Chairman)

Brian Harvey (Chief Executive Officer)

Patrick Jordan (Chief Operations Officer)

Colm Nolan (Chief Financial Officer)

Martin Cole (Non-Executive Director)
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE OR
AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

                                                             % of Existing        % of Enlarged
                                                Number of     Issued Share         Issued Share
Shareholder                               Ordinary Shares          Capital              Capital
Brian Harvey                                   20,273,566           18.33%               16.81%
Boundary Capital plc                           10,803,117            9.76%                8.96%
Niall McFadden                                  8,083,043            7.31%                6.70%
Patrick Jordan                                  5,454,545            4.93%                4.52%
Davycrest Nominees Limited (Account            11,902,257           10.76%                9.87%
0122590)
Citibank Nominees (Ireland) Limited             3,654,928            3.30%                3.03%
Barry Herriott                                  3,615,625            3.27%                3.00%
Faido                                           7,796,610            7.05%                6.46%


NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE TWO, PARAGRAPH (H) OF THE IEX RULES FOR COMPANIES:
 N/A
(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 RULES 18 AND 19 IN THE IEX RULES FOR
COMPANIES:
(i)       30 April

(ii)      30 September 2007 (Deborah Services) and 30 April 2007 (Siteserv)

(iii)     by 31 October 2008 and by 30 January 2009 and by 30 October 2009
EXPECTED ADMISSION DATE:
22 February 2008
NAME AND ADDRESS OF IEX ADVISER:
 Davy Corporate Finance (J&E Davy), Davy House, 49 Dawson Street, Dublin 2, Ireland.
NAME AND ADDRESS OF BROKER:
 Davy (J&E Davy), Davy House, 49 Dawson Street, Dublin 2, Ireland.
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:
Copies of this document will be available for inspection during normal business hours on any weekday (Saturdays, Sundays
and public holidays excepted) at the offices of Arthur Cox, Earlsfort Centre, Earlsfort Terrace, Dublin 2, Ireland and
the offices of Arthur Cox, 29 Ludgate Hill, London EC4M 7JE, United Kingdom for one month from the date of Admission.
Copies of this document will also be available on the Company's website www.siteserv.ie


DATE OF NOTIFICATION:
5 February 2008
NEW/ UPDATE (see note):

 NEW

This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.




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            The company news service from the London Stock Exchange
END

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