Schedule One - Power Probe plc | RNS | Ticker

Schedule One - Power Probe plc

RNS Announcement

RNS Number : 9617I

AIM

27 November 2025

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:

Power Probe plc ("Power Probe" or the "Company" or the "Group")

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

Registered office address:

15 Whitehall

London

SW1A 2DD

United Kingdom

Principal trading address:

6509 Northpark Blvd, Suite 400

Charlotte, NC 28216, USA

COUNTRY OF INCORPORATION:

England & Wales

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

www.powerprobe.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:

Power Probe is a leading producer of automotive electrical diagnostic tools for professional service technicians.

The suite of electrical diagnostic tools and accessories offered by the Group are compatible with all major vehicle engine types and manufacturers and can be used in all types of commercial and passenger road vehicles, including light and heavy goods vehicles and motorcycles. Electrical faults can occur wherever wiring is found, and demand for professional service technicians is driven by the total size, age and overall condition of the global Car Parc.

The Directors believe the Group is well positioned to benefit from a number of positive, long-term tailwinds in this market, including the non-cyclical growth of the global Car Parc, the increasing average age of vehicles, and increasing vehicle complexity.

The Company's main country of operation is the United States.

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):

Ordinary shares of 0.1 pence each ("Ordinary Shares"). Issue price TBC.

No Ordinary Shares are or will be held in treasury.

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:

Capital to be raised: £TBC million.

Secondary offering: £TBC million.

Anticipated market capitalisation on Admission: £TBC million.

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC 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:

None.

THE COMPANY HAS APPLIED FOR THE VOLUNTARY CARBON MARKET DESIGNATION (Y/N)

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):

Michael Sherwin, Independent Non-Executive Chair

Jose Maria ("Chema") Garcia Riera, Chief Executive Officer

Fabio Possas Medina, Chief Financial Officer

Colin James Fielding, Independent Non-Executive Director

Cynthia Helena Alers, Independent Non-Executive Director

Ip Foo Wing ("Jackie"), 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 (current)	% holding (est. on Admission)
Knowledge Warriors Limited¹	23.36	TBC
JNC Ever Limited²	16.64	TBC
Superb Wealth Limited²	15.86	TBC
Jubilant Inspirations Limited²	12.48	TBC
Noble Character Limited²	12.48	TBC
Matrix Cool Limited	7.53	TBC
CHR International Projects Limited³	5.23	TBC
So, Wan	1.06	TBC

(1) A company wholly owned by Chou, Meng-Chen

(2) A company indirectly wholly owned by So, Wan, the mother of Ip Foo Wing, who also holds 638,680 shares in her own name.

(3) A company wholly owned by Jose María García Riera

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 2025 (unaudited interims)

(iii) 30 June 2026 (in respect of annual report to 31 December 2025)

30 September 2026 (in respect of half yearly report to 30 June 2026)

30 June 2027 (in respect of annual report to 31 December 2026)

EXPECTED ADMISSION DATE:

Mid December 2025

NAME AND ADDRESS OF NOMINATED ADVISER:

Shore Capital and Corporate Limited

Cassini House

57 St James's Street

London

SW1A 1LD

NAME AND ADDRESS OF BROKER:

Shore Capital Stockbrokers Limited

Cassini House

57 St James's Street

London

SW1A 1LD

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:

Copies of the Admission Document be available at the Company's website www.powerprobe.com from the date of Admission.

The Admission Document will contain full details about the applicant and the admission of its securities.

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

The Company has adopted the QCA Corporate Governance Code (November 2023 edition), published by the Quoted Companies Alliance.

DATE OF NOTIFICATION:

27 November 2025

NEW/ UPDATE:

New

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

PAAFEEFIIEISESF

RNS metadata

Title: Schedule One - Power Probe plc
Time: 08:00:00
Date: 27 Nov 2025
Category: Capital structure
ID: 9617I