Schedule One - AMTE Power plc | RNS | Ticker

Schedule One - AMTE Power plc

RNS Announcement

RNS Number : 1678P

AIM

16 February 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:

AMTE Power plc

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

Registered office:

Suite 1, 3rd Floor
11-12 St. James's Square
London SW1Y 4LB

Trading address:

Denchi House
Thurso Business Park
Thurso
Caithness KW14 7XW

COUNTRY OF INCORPORATION:

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

www.amtepower.com

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:

AMTE Power, whose main country of operation is the UK, is involved in developing a portfolio of highly differentiated, lithium-ion and lithium-ion derivative battery cells to meet the needs of specialist customers, with the intention, in due course, of utilising its facilities to manufacture these cells on a commercial scale.

The three most advanced cells in AMTE Power's pipeline are targeting specialist customers in the automotive manufacturing, oil and gas equipment and energy storage system markets. Such customers are not, in the Directors' experience, the primary focus of the international battery cell manufacturers, thereby creating a significant and scalable opportunity for the Company.

It currently has 61 employees.

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 £0.005 each in nominal value ("Ordinary Shares") for which Admission will be sought: TBC

Placing price per Ordinary Share: TBC

There are no restrictions as to the transferability of the Ordinary Shares.

No Ordinary Shares will be held in treasury on Admission.

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

TBC

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC

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):

Directors:

David William Morgan (Independent Non-Executive Chair)

Kevin David Brundish (Chief Executive Officer)

Adam D'Arcy Thomas Westcott (Chief Financial Officer)

Rt. Hon. Viscount Thurso PC (John Thurso) (Senior Independent Director)

Adam Colton Park (Non-Executive Director)

Alyson Margaret Levett (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):

	Pre admission	Post admission
Carl David Maine	13.8%	TBC
Kenneth (Ken) Edward Randall	9.1%	TBC
Steven (Steve) John Farmer	8.5%	TBC
Ian Whiting	8.5%	TBC
Kevin David Brundish	7.7%	TBC
Thames Temese Management Limited as trustee for the Thames Trust	6.9%	TBC
John Martineau Kinder	4.8%	TBC
Philip John Betts	3.8%	TBC
Hightown Investments Ltd	3.8%	TBC

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

David Morgan, who was issued with 1.05% of the issued share capital prior to Admission at nominal value in recognition of him providing his services as Non-Executive Chair of the Company since 14 April 2020.

(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) 30 June

(ii) 30 June 2020

(iii) 31 March 2021, 31 December 2021 and 31 March 2022.

EXPECTED ADMISSION DATE:

Mid March

NAME AND ADDRESS OF NOMINATED ADVISER:

WH Ireland Limited

24 Martin Lane

London EC4R 0DR

NAME AND ADDRESS OF BROKER:

WH Ireland Limited

24 Martin Lane

London EC4R 0DR

SI Capital Limited

46 Bridge Street

Godalming

Surrey GU7 1HL

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:

A copy of the admission document, containing full details about the applicant and the admission of its securities, will be available on the Company's website at www.amtepower.com

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

The QCA Corporate Governance Code as published by the Quoted Companies Alliance from time to time

DATE OF NOTIFICATION:

16 February 2021

NEW/ UPDATE:

New

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END

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RNS metadata

Title: Schedule One - AMTE Power plc
Time: 08:00:07
Date: 16 Feb 2021
Category: Capital structure
ID: 1678P