- Title:
Schedule One Update - Carbon Air Group Plc - Time:
08:00:02 - Date:
23 Dec 2021 - Category:
Corporate updates - ID:
5070W
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ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") |
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COMPANY NAME: |
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Carbon Air Group Plc ("Carbon Air", or the "Company")
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : |
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Registered office: Ship Canal House 98 King Street, Manchester, M2 4WU Trading address: Unit 37 Greenheys Business Centre, Pencroft Way, Manchester, M15 6JJ
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COUNTRY OF INCORPORATION: |
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England and Wales
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: |
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www.carbonair.co.uk
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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: |
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Carbon Air is a nano-technology company which leverages the absorption properties of activated carbon and other advanced materials to improve suspension systems, enhance acoustics or reduce noise. The Company's materials modify the fluid properties of gases using multiscale porosity. By packing air molecules more closely, Carbon Air's technology can effectively store air from the pressure field, creating up to six times more air volume, and in turn improve performance. The Company's proprietary technology has allowed it to develop a unique portfolio of solutions for a variety of sizeable end markets, including vehicle suspension systems, acoustic insulation for domestic appliances and micro-speakers for smartphones.
The Company's solutions are applicable in a wide range of industries. However, to date, the Company has focused primarily on cars, commercial vehicles and bikes (both mountain and motor).
Over the course of its product development phase, the Company has created a number of patents to protect its innovations and the Company generates revenue from licence sales, product sales and bespoke/collaborative research and development.
The corporate structure of the Company is that of a holding company.
The Company's operations are in the UK.
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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): |
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Number: TBC Type: ordinary shares Nominal value: TBC Issue price: TBC
There are no restrictions as to the transferability of the ordinary shares.
No ordinary shares will be held in treasury on admission.
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CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
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Capital to be raised on admission: TBC
Anticipated market capitalisation on admission: TBC
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
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TBC
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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: |
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Not applicable
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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): |
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Dr Christopher "Chris" John Wright - Non-Executive Chairman
Erwin Wolf - Chief Executive Officer
John Fitzgerald Coakley - Chief Technology Officer
Laura Jane Brogden - Chief Financial Officer
David Frank Tilston - Non-Executive Director
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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): |
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TBC
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: |
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None
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(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: |
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(i) 30 November (ii) 31 May 2021 (unaudited interim financial information) (iii) 31 May 2022 (annual accounts for the year ended 30 November 2021) 31 August 2022 (half year report for the six months ending 31 May 2022) 31 May 2023 (annual accounts for the year ending 30 November 2022)
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EXPECTED ADMISSION DATE: |
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Late January 2022
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NAME AND ADDRESS OF NOMINATED ADVISER: |
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Shore Capital and Corporate Limited Cassini House 57 St James' Street London SW1A 1LD
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NAME AND ADDRESS OF BROKER: |
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Shore Capital Stockbrokers Limited Cassini House 57 St James' Street London SW1A 1LD
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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: |
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A digital copy of the Admission Document, containing full details about Carbon Air and the admission of its securities will be available on the Company's website at: www.carbonair.co.uk
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THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY |
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QCA Corporate Governance Code
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DATE OF NOTIFICATION: |
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23 December 2021
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NEW/ UPDATE: |
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Update
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Schedule One Update - Carbon Air Group Plc08:00:0223 Dec 2021Corporate updates5070W