Schedule One update - Skillcast Group plc | RNS | Ticker

Schedule One update - Skillcast Group plc

RNS Announcement

RNS Number : 4725T

AIM

25 November 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:

Skillcast Group plc

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

80 Leadenhall Street

London

EC3A 3DH

COUNTRY OF INCORPORATION:

England and Wales

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

www.skillcast.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:

Skillcast Group plc (the "Company") is the holding company for the Skillcast group of companies (the "Group"), which provides software and content subscriptions and related professional services to enable companies to implement their staff compliance and training obligations. The Group helps companies across a broad spectrum of industry sectors to train their staff and demonstrate compliance with various laws, regulations, and standards that are relevant for their business. The main country of operation is the UK and the Company has an additional office in Malta.

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 £0.001 each in nominal value ("Ordinary Shares") for which Admission will be sought: 89,459,460

Issue price per Ordinary Share: 37 pence

No Ordinary Shares will be held in treasury on Admission and there are no restrictions on the transfer of the Ordinary Shares.

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

Total capital to be raised on Admission: £4.5 million

Primary funds raised for the Company: £3.5 million

Secondary funds raised for selling shareholders: £1.0 million

Anticipated market capitalisation on Admission: £33.1 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

73.1 per cent.

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:

Not applicable

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):

Richard John Amos (Non-Executive Chairman)

Vivek Singh Dodd (Chief Executive Officer)

Catriona Marie Razic (Chief Commercial Officer)

Anthony Edward Miller (Chief Technical Officer)

Christopher Mark Backhouse (Chief Financial Officer)

Isabel Josephine Sutherland Napper (Senior Independent Director)

Sally-ann Patricia Tilleray (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):

Shareholder	Before Admission	Following Admission
Vivek Dodd⁽¹⁾	67.05%	59.36%
Anthony Miller	9.75%	7.96%
Gurmakh Minhas	7.50%	5.80%
Catriona Razic	7.00%	5.50%
Morten Damsleth	3.00%	2.68%
Gresham House Asset Management Limited	-	4.74%
Canaccord Genuity Inc	-	4.74%

⁽¹⁾Includes 640,000 ordinary shares, representing 0.80% before Admission and 0.72% following Admission, held by Vivek's wife, Jitka Dodd

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 December

(ii) 30 June 2021 (unaudited interim financial information)

(iii) 30 June 2022 (annual accounts for the full year to 31 December 2021)

30 September 2022 (half yearly report for the six months ending 30 June 2022)

30 June 2023 (annual accounts for the full year to 31 December 2022)

EXPECTED ADMISSION DATE:

1 December 2021

NAME AND ADDRESS OF NOMINATED ADVISER:

Allenby Capital Limited

5 St Helen's Place

London

EC3A 6AB

NAME AND ADDRESS OF BROKER:

Allenby Capital Limited

5 St Helen's Place

London

EC3A 6AB

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.skillcast.com and at the Company's registered office.

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

DATE OF NOTIFICATION:

25 November 2021

NEW/ UPDATE:

Update

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END

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RNS metadata

Title: Schedule One update - Skillcast Group plc
Time: 08:00:05
Date: 25 Nov 2021
Category: Corporate updates
ID: 4725T