Schedule One Update - Libertine Holdings plc

RNS Number : 1817W

AIM

20 December 2021

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:

Libertine Holdings plc ("Libertine", the "Company" or the "Group")

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

Unit 1 Coborn Avenue

Tinsley

Sheffield

S9 1DA

COUNTRY OF INCORPORATION:

England and Wales

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

www.libertine.co.uk

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:

Founded in 2009 Libertine has developed a technology solution for powertrain OEMs, enabling efficient and clean power generation from renewable fuels.

Libertine's linear electrical machines, controls and tools together form a development platform ('intelliGEN^TM') which the Group provides to OEM customers for their product development programmes. Libertine provides engineering services and prototype hardware to support OEM customer evaluation of its technology, and incorporation of this technology into customer-led Linear Generator development programmes.

The Company's main country of operation is the United Kingdom.

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):

Number of ordinary shares of 0.1 pence each in nominal value ("Ordinary Shares") for which Admission will be sought: 138,089,010.

Issue price per Ordinary Share: 20 pence.

There are no restrictions as to transfer of Ordinary Shares.

No Ordinary Shares will be held in treasury on Admission to AIM.

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Primary capital to be raised on admission: £9.0 million

Anticipated Market Capitalisation on admission: £27.6 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

61.8%

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:

N/A

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):

Keith Jackson, Independent Non-Executive Chairman

Samuel ("Sam") Edward Cockerill, Chief Executive Officer

Gareth Richard Hague, Chief Financial Officer

Douglas ("Doug") John Thomson Montgomery, Independent 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):

Names	Percentage holding Pre-Admission	Percentage of Enlarged Share Capital After Admission
Northern Powerhouse Investment Fund	29.6%	19.6%
Samuel ("Sam") Edward Cockerill¹	17.1%	10.3%
Providence Holdings Limited²	15.4%	11.2%
Reyker Nominees Limited³	7.4%	4.4%
Lady Patricia & Sir Robin Saxby⁴	5.9%	3.5%
Edward Haynes & Sarah Haynes⁵	5.4%	3.8%
Synergy Growth LLP	3.6%	2.2%
Octopus AIM VCT plc	-	18.1%
Janus Henderson	-	7.2%

1. The holdings of Samuel Edward Cockerill are split between his personal holding (15.0%) and his investment vehicle, Samuel Cockerill Limited (2.1%).

2. Providence Holdings Limited is a Company of which Sam Cockerill, CEO, is a director.

3. Reyker Nominees Limited is owned by Reyker Securities plc, Reyker Securities plc is in special administration.

4. The holdings of Lady Patricia & Sir Robin Saxby are split between Lady Patricia Saxby's holding (3.7%) and Sir Robin Saxby's holding (2.2%).

5. The holding of Edward Haynes & Sarah Hayes are split between Edward Watson Haynes holding (0.3%), Sarah Jayne Hayne holding (2.8%) and Edward Haynes investment vehicle's holding, Watson Haynes Limited holding (2.3%).

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

None

(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:

(i) 31 March

(ii) 30 September 2021 (unaudited interim accounts)

(iii) 30 September 2022 (audited financial information for the year ending 31 March 2022)

31 December 2022 (unaudited interim financial information for six months ending 30 September 2022)

30 September 2023 (audited financial information for the year ending 31 March 2023)

EXPECTED ADMISSION DATE:

23 December 2021

NAME AND ADDRESS OF NOMINATED ADVISER:

Panmure Gordon (UK) Limited

One New Change

London

EC4M 9AF

United Kingdom

NAME AND ADDRESS OF BROKER:

Panmure Gordon (UK) Limited

One New Change

London

EC4M 9AF

United Kingdom

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 admission document will contain full details about the applicant and the admission of its securities and will be available on the Company website at www.libertine.co.uk from Admission.

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

The Quoted Companies Alliance Corporate Governance Code

DATE OF NOTIFICATION:

20 December 2021

NEW/ UPDATE:

UPDATE

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Date	20 Dec 2021
Time	09:00:02
Category	Corporate updates
ID	1817W

Date	20 Dec 2021
Time	09:00:02
Category	Corporate updates
ID	1817W

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RNS Metadata

Schedule One Update - Libertine Holdings plc