|
IEX
SCHEDULE ONE-PRE-ADMISSION ANNOUNCEMENT
|
|
ANNOUNCEMENT
TO BE MADE BY THE IEX APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH IEX
RULE 2
|
|
ALL APPLICANTS MUST COMPLETE THE
FOLLOWING:
|
|
|
|
COMPANY NAME:
|
|
Oakhill Group plc
|
|
COUNTRY OF INCORPORATION:
|
|
Ireland
|
|
COMPANY ADDRESS:
|
|
2A Sandymount Green,
Sandymount, Dublin 4, Ireland
|
|
COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF
ITS INVESTMENT STRATEGY TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE TWO,
PARAGRAPH (J) OF THE IEX RULES:
|
|
Oakhill is a specialist
printing business with two divisions, Managed Services, which offers a
portfolio of card and print based products and services from the UK, and Books
& Journals, which prints academics books and journals in the UK.
|
|
DETAILS OF SECURITIES TO BE ADMITTED (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):
|
|
56,439,080 Ordinary
Shares of nominal value €0.10 each
|
|
CAPITAL TO BE RAISED ON ADMISSION:
|
|
None
|
|
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
|
|
Daniel
O’Donohoe (Chairman)
Alan Jordan
(Managing Director)
Martin Delany
(Non-Executive Director)
Alastair
McGuckian (Non-Executive Director)
Raymond
McLoughlin (Non-Executive Director)
Denis O’Brien
(Non-Executive Director)
|
|
PERSON(S) INTERESTED IN 5% OR MORE OF THE ISSUER’S CAPITAL,
EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL BEFORE AND AFTER
ADMISSION:
|
|
The following persons are interested in 3% or more of the issued
share capital of Oakhill Group plc as of 21 August,
2006. Interests will remain unchanged after Admission.
Raymond McLoughlin
16,491,959
29.22%
Peter Lynch
4,700,000 8.33%
|
|
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE
WITH SCHEDULE TWO, PARAGRAPH (H) OF THE IEX RULES:
|
|
Not Applicable
|
|
ANTICIPATED ACCOUNTING REFERENCE DATE:
|
|
31 December
|
|
EXPECTED ADMISSION DATE:
|
|
20 September, 2006
|
|
NAME AND ADDRESS OF IEX ADVISER:
|
|
J&E Davy, trading as
Davy, Davy House, 49 Dawson Street, Dublin 2, Ireland.
|
|
NAME AND ADDRESS OF BROKER:
|
|
J&E Davy, trading as
Davy, Davy House, 49 Dawson Street, Dublin 2, Ireland.
|
|
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:
|
|
n/a
|
|
DATE OF NOTIFICATION:
|
|
21 August, 2006
|
|
NEW/ UPDATE (see note): NEW
|
|
QUOTED APPLICANTS MUST ALSO COMPLETE THE
FOLLOWING: Not Applicable
|
|
|
|
THE NAME OF THE IEX DESIGNATED MARKET UPON WHICH THE APPLICANT’S
SECURITIES HAVE BEEN TRADED:
|
|
Official List of the United Kingdom Listing Authority
|
|
THE DATE FROM WHICH THE APPLICANT’S SECURITIES HAVE BEEN SO TRADED:
|
|
6 August, 1999
|
|
CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT
HAS ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS
SECURITIES TRADED UPON SUCH A MARKET:
|
|
The Company has complied with all relevant legal and regulatory
requirements involved in having its securities traded on the Official List
of the United Kingdom Listing Authority.
|
|
AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS
WHICH THE APPLICANT HAS MADE PUBLIC OVER THE LAST TWO YEARS (IN CONSEQUENCE
OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:
|
|
www.oakhillplc.ie
|
|
DETAILS OF THE APPLICANT’S STRATEGY FOLLOWING ADMISSION INCLUDING,
IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY:
|
|
The Oakhill strategy, which will remain unchanged by the transfer
to IEX and AIM, is to develop the existing businesses through organic
growth by ensuring they remain strong in their core markets and are in a
position to take advantage of profitable new product and market
opportunities. This development strategy is facilitated by targeted
investment in equipment and management resources. The objectives of the
investment program are to reduce production costs of existing products and
services through improved efficiency and secondly to introduce new
capability and expertise focused on new products and new markets.
|
|
A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING
POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST
FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:
|
|
Save for the decline in margins, and therefore in operating profit,
due to continuing price pressures, as detailed in the announcements issued
by the Company on 15 March, 2006, 4 May, 2006, and 26 July, 2006, and save
for the possibility of an adverse impact on Group trading consequent to a reported
problem with a specialised product manufactured by the Managed Services
division and uncertainty as to future revenues from this product, as
detailed in the announcements issued by the Company on 7 June, 2006 and 30
June, 2006, there has been no significant change in the financial or
trading position of the Oakhill Group since 31 December, 2005, the end of
the last financial year for which audited financial statements have been
published.
|
|
A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO
BELIEVE THAT THE WORKING CAPITAL AVAILABLE TO IT OR ITS GROUP WILL BE
INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:
|
|
The Directors of Oakhill Group plc have no reason to believe that
the working capital available to Oakhill Group plc or the Oakhill Group
will be insufficient for at least the 12 months from the date of its
admission to AIM.
|
|
DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE IEX
RULES:
|
|
N/A
|
|
A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT’S
SECURITIES:
|
|
Transfers of Ordinary Shares in the Company may be made through
CREST or in certificated form.
|
|
A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT’S
SECURITIES:
|
|
www.oakhillplc.ie
|
|
INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT
WHICH IS NOT CURRENTLY PUBLIC:
|
|
An Appendix to this Announcement has been published on the Oakhill
website at www.oakhillplc.ie
|
|
A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT’S LATEST ANNUAL
REPORT AND ACCOUNTS WHICH MUST HAVE A FINANCIAL YEAR END NOT MORE THAN NINE
MONTHS PRIOR TO ADMISSION AND FULLY AUDITED INTERIM RESULTS WHERE
APPLICABLE. THE ACCOUNTS MUST BE
PREPARED ACCORDING TO IRISH, UK OR US GAAP OR INTERNATIONAL ACCOUNTING
STANDARDS.
|
|
www.oakhillplc.ie
|
|
THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY. Nil
|