Schedule One update - Aurrigo International plc | RNS | Ticker

Schedule One update - Aurrigo International plc

RNS Announcement

RNS Number : 1177Z

AIM

12 September 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:

RDM Group Limited, to be renamed Aurrigo International plc

(the "Company", together with its subsidiaries being the "Group") (AIM:AURR)

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

Unit 33

Bilton Industrial Estate

Humber Avenue

Coventry

CV3 1JL

COUNTRY OF INCORPORATION:

England and Wales

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

https://aurrigo.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:

The Group was established by David Keene and Graham Keene in 1993 and is headquartered in Coventry UK.

The Company is a leading international provider of transport technology solutions. It is highly regarded as a specialist in autonomous and semi-autonomous technology solutions for the aviation, ground handling and cargo industries.

The Group has three divisions, being automotive technology, autonomous technology and aviation technology which design, engineer, manufacture and supply OEM products and autonomous vehicles to the automotive, aviation and transport industries.

The automotive technology division which was established in 1993 develops and supplies a range of innovative design engineering support, product solutions, manufactured products and services to premium vehicle OEMs and global Tier 1 manufacturers.

The autonomous technology and aviation technology divisions were established in 2016 and 2019 respectively. They develop autonomous vehicles and supporting systems, supported by the Group's strong and extensive experience in the automotive division for vehicle engineering.

Following Admission, the Company's growth strategy will be focussed on finalising the trialling and development phases of its aviation products, in order to maximise what the Directors consider to be an immediate and significant opportunity within the aviation industry for the deployment of autonomous technology solutions to airport operations.

The Company's operations are predominantly in the United Kingdom, the Group also has operations in Singapore, the United States, Canada and Australia.

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):

Name and nominal value of the securities: ordinary shares of 0.2 pence each in the capital of the Company ("Ordinary Shares").

Number of Ordinary Shares on Admission: 41,666,667

Issue price per Ordinary Share: 48 pence

There are no restrictions as to the transfer 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:

Total capital to be raised on Admission: £8.0 million

Anticipated market capitalisation on Admission: £20.0 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

87.1%

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):

Andrew John Cornish (Independent Non-executive Chairman)

David Martin Keene (Chief Executive Officer)

Ian Michael Grubb (Chief Financial Officer)

Graham Stuart Keene (Corporate Development Director)

Penelope (Penny) Ann Coates (Independent Non-executive Director)

Joseph (Joe) Warden Elliot (Independent Non-executive Director)

Lewis Ian Girdwood (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	% of issued share capital prior to Admission	% of issued share capital on Admission
David Keene	50.0%	30.0%
Graham Keene	50.0%	30.0%
Unicorn Asset Management Limited	Nil	15.00%
Amati Global Investors Limited	Nil	10.42%
Rathbone Investment Management	Nil	5.53%

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 2022

(iii) 30 June 2023 (audited consolidated annual report for the year ended 31 December 2022)

30 September 2023 (unaudited consolidated interim report for the six months to 30 June 2023)

30 June 2024 (audited consolidated annual report for the year ended 31 December 2023)

EXPECTED ADMISSION DATE:

15 September 2022

NAME AND ADDRESS OF NOMINATED ADVISER:

Singer Capital Markets Advisory LLP

1 Bartholomew Lane

London

EC2N 2AX

NAME AND ADDRESS OF BROKER:

Singer Capital Markets Securities Limited (broker for the capital raise on Admission)

Singer Capital Markets Advisory LLP

1 Bartholomew Lane

London

EC2N 2AX

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: https://aurrigo.com/ from Admission.

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

The Quoted Companies Alliance (QCA) Corporate Governance Code.

DATE OF NOTIFICATION:

12 September 2022

NEW/ UPDATE:

UPDATE

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END

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RNS metadata

Title: Schedule One update - Aurrigo International plc
Time: 11:30:04
Date: 12 Sept 2022
Category: Corporate updates
ID: 1177Z