Schedule One - Hercules Site Services PLC | RNS | Ticker

Schedule One - Hercules Site Services PLC

RNS Announcement

RNS Number : 2250Z

AIM

21 January 2022

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:

Hercules Site Services plc ("Hercules" or the "Company")

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

Hercules Site Services plc

Hercules Court

Lakeside Business Park

Broadway Lane

South Cerney

Cirencester

GL7 5XZ

COUNTRY OF INCORPORATION:

England & Wales

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

https://www.hercules-construction.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:

The Company, based in Cirencester, Gloucestershire, is a provider of labour and construction services to blue-chip clients in the UK infrastructure sector.

Labour supply is the Company's core business, supplying skilled and qualified labour to construction companies to deliver key infrastructure, civil engineering, utilities, groundworks, highway and railway projects. Projects the Company is currently supplying labour to include HS2, Water Infrastructure Management Plan 7 (AMP7), Crossrail and the M4 Smart Motorway.

The labour supply business is supported by the Company's proprietary digital technology which is used to accelerate the recruitment and onboarding process for workers which enables the Company to quickly meet its clients' labour needs and also source labour locally to projects. The Company is also developing its digital solutions to provide clients with data analysis tools to help improve their ability to understand their own labour supply needs and make long-term planning decisions.

The Company's construction services business is made up of Civil Projects, where Hercules partners with contractors to provide end-to-end project delivery for civil engineering contracts, and Specialist Plant Hire, where the Company hires out its fleet of suction excavators.

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):

TBC ordinary shares of 0.1p each in the share capital of the Company.

No ordinary shares will be held in treasury.

Issue price: TBC pence per share.

The ordinary shares will be freely transferable and have no restrictions as to transfer placed on them.

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

To be raised: £TBC primary and £TBC secondary

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:

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):

Brusk Kivilcim Korkmaz (Chief Executive Officer)

Henry John Pitman (proposed Non-Executive Chairman)

Paul David Wheatcroft (Chief Financial Officer)

Ahmet Iplikci (proposed Non-Executive Director)

Richard Anthony Kilner (proposed Independent Non-Executive Director)

Robin Stevens (proposed 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):

Shareholder	% holding before admission	% holding after admission
Hercules Real Estate Limited	100%	TBC
TBC	Nil
TBC	Nil
TBC	Nil

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

Hazlewoods LLP

Staverton Court
Staverton
Cheltenham
GL51 0UX

(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 September

(ii) 31 March 2021

(iii) First three reports:

(i) Annual results to 30 September 2021 - published by 31 March 2022

(ii) Interim results to 31 March 2022 - published by 30 June 2022

(iii) Annual results to 30 September 2022 - published by 31 March 2023

EXPECTED ADMISSION DATE:

Early February 2022

NAME AND ADDRESS OF NOMINATED ADVISER:

SP Angel Corporate Finance LLP

Prince Frederick House

4^th Floor

35-39 Maddox Street

London

W1S 2PP

NAME AND ADDRESS OF BROKER:

SP Angel Corporate Finance LLP

Prince Frederick House

4^th Floor

35-39 Maddox Street

London

W1S 2PP

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 which will contain full details about the applicant and admission of its securities will be available on the Company's website (https://www.hercules-construction.co.uk/) from on or around TBC 2022.

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

DATE OF NOTIFICATION:

21 January 2022

NEW/ UPDATE:

New

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RNS metadata

Title: Schedule One - Hercules Site Services PLC
Time: 09:00:01
Date: 21 Jan 2022
Category: Capital structure
ID: 2250Z