AIM Prospective Admission
29 Août 2003 - 2:47PM
UK Regulatory
RNS Number:1767P
AIM
29 August 2003
ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS PRIOR TO ADMISSION
ALL APPLICANTS MUST COMPLETE THE FOLLOWING:
COMPANY NAME:
LTG Technologies plc
COMPANY ADDRESS:
42 Portman Road
Reading
Berks
COMPANY POSTCODE:
RG30 1EA
COUNTRY OF INCORPORATION:
England and Wales
COMPANY BUSINESS:
Manufacture of sheet metal decorating machinery and print software & packaging services
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price):
230,838,635 ordinary shares of 5p
CAPITAL TO BE RAISED ON ADMISSION:
N/a
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Richard David Straker Smith, Non executive Chairman
Albert Kenngott Klein, Chief Executive
Michael Frank Williamson, Finance Director
Udo Karl Bange, Director of packaging services
Dr Peter Elmar Heizmann, Sales Director
Dr Franz Michael Wimpffen, Director of business development
Dr Thomas Richard Fischer, Non Executive Director
John Edward Holmes, Non Executive Director
Byron John Ousey, Non Executive Director
Alistair Kynoch Rae, Non Executive Director
Gregor Wedell, Non Executive Director
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
STATING WHETHER BEFORE OR AFTER ADMISSION:
LTG Metal DecoratingGMBH, 27.44%
LTG Holding GMBH, 15.22%
LBBW Trust GMBH, 7.93%
Smallcap World Fund, 7.70
Second Advance Value Realisation Co. Ltd, 5.08%
R D Straker Smith, 5.62%
Edinburgh Smaller Companies Trust plc, 4.44%
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES:
N/a
ANTICIPATED ACCOUNTING REFERENCE DATE:
31 December
EXPECTED ADMISSION DATE:
26 September 2003
NAME AND ADDRESS OF NOMINATED ADVISER:
Seymour Pierce Limited
Bucklersbury House
3 Queen Victoria Street
London EC4N 8EL
NAME AND ADDRESS OF BROKER:
Seymour Pierce Limited
Bucklersbury House
3 Queen Victoria Street
London EC4N 8EL
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:
29 August 2003
NEW/ UPDATE (see note):
New
QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:
THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:
UKLA Official List
THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:
19 April 2001
CONFIRMATION THAT THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES
TRADED UPON SUCH A MARKET:
Confirmed
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:
http://www.ltg-technologies.com/index1024.html
DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTMENT STRATEGY:
Focus on the development of the Packaging Services division
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:
None
A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT ITS WORKING CAPITAL WILL BE INSUFFICIENT
FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:
The Directors of LTG Technologies have no reason to believe that the Company's working capital will be insufficient for
at least 12 months from the date of Admission.
DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:
N/a
A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:
Settlement in CREST
A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:
http://www.ltg-technologies.com/index1024.html
INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:
Information re Litigation
Other than as set out below, neither the Company nor any other member of its group has any legal or arbitration
proceedings, active, pending or threatened against, or being brought by, it or any member of its group which have or
may have a significant affect on the Company's financial position.
Imagelinx Deutschland GmbH is involved in a contractual dispute with IBM Global Services ("IBM"). IBM has threatened
to bring proceedings in respect of an alleged outstanding payment of Euro1,200,000 pursuant to the framework agreement
with Imagelinx Deutschland GmbH. Imagelinx Deutschland GmbH has responded by threatening to bring a counterclaim for
the sum of Euro3,000,000. The parties are currently in discussions in respect of their respective claims.
Imagelinx UK Limited is involved in a contractual dispute with I2 Technologies Inc ("I2"). I2 has threatened to bring
a claim in respect of an unpaid invoice for the approximate amount of US$ 300,000. Imagelinx UK Limited has responded
by threatening to bring a counterclaim for an unspecified amount which is substantially higher than I2's claim in
respect of a breach of contract by I2. The parties are currently in discussions in respect of their respective claims.
A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A FINANCIAL
YEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION. THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR
INTERNATIONAL ACCOUNTING STANDARDS.
http://www.ltg-technologies.com/index1024.html
This information is provided by RNS
The company news service from the London Stock Exchange
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