AIM Sch 1 - Andes Energia Plc (9980L)
July 25 2017 - 4:30AM
UK Regulatory
TIDMAEN
RNS Number : 9980L
AIM
25 July 2017
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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Current Company name: Andes Energia plc
Company name on Admission: Phoenix Global Resources
plc
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT,
COMPANY TRADING ADDRESS (INCLUDING POSTCODES):
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2nd Floor
Berkeley Square House
Berkeley House
London
W1J 6BD
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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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Current website address: www.andesenergiaplc.com.ar
Website following Admission: www.phoenixglobalresources.com
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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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On Admission, Phoenix Global Resources plc will
be a leading Argentinian independent exploration
and production company, following the acquisition
of the entire issued share capital of Trefoil
Holdings B.V., a company that owns through a
number of subsidiary companies, over 99.99 per
cent. of the interests in an Argentine company,
Petrolera El Trébol S.A., which has exploration
and production oil and gas assets in the provinces
of Mendoza, Santa Cruz and Tierra del Fuego
in Argentina.
Admission is sought as a result of a reverse
take-over under AIM Rule 14.
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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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Ordinary shares of 10 pence each
Share capital immediately prior to admission:
605,558,515 ordinary shares
Post-IPO enlarged share capital: 2,519,431,566
ordinary shares
Issue price: N/A
No restrictions as to transfer of the securities;
no shares to be held in treasury
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
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Anticipated market capitalisation on admission:
GBP844m (based on the independent directors'
estimation of the value of the ordinary shares)
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS
AT ADMISSION:
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78.1%
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM
TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED
TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS
AIM SECURITIES) ADMITTED OR TRADED:
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The Company's shares are also admitted to trading
on the Buenos Aires Stock Exchange.
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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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Current Nicolas Mallo Executive Chairman
Directors Huergo (to become Non-Executive
Director on Admission)
CFO
German Ranftl*
VP E&P
Juan Carlos Esteban*
Non-Executive Director
David Jackson
Non-Executive Director
Nigel Duxbury*
Non-Executive Director
Carolina Landi*
Javier Alvarez Non-Executive Director
Matthieu Milandri Non-Executive Director
Sir Michael Rake Non-Executive Director
(to become Non-Executive
Chairman on Admission)
* To retire from the Board on Admission
Proposed Anuj Sharma Chief Executive
directors, Officer
each being Philip Wolfe
appointed Chief Financial
conditional Guillaume Vermersch Officer
upon Admission
Non-Executive Director
Garrett Soden Non-Executive Director
John Bentley 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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Significant shareholders before Admission: Vetalir International S.A. 13.1%
Portstart Business Corp. 12.2%
Prifen S.A. 9.9%
Mercuria Energy Asset Management
B.V. 8.2%
Michael Stevens 8.1%
Mirage Partners, Inc 5.2%
International Capital Markets
Group Chile S.A. 4.6%
Albor Group, Ltd 4.3%
Significant shareholders after Admission: Mercuria Group 77.9%
Vetalir International
S.A. 3.1%
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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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Nigel Duxbury, Non-Executive Director*
Integra Capital S.A.
* To retire from the Board on Admission
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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) 31 December
(ii) 31 December 2016 (incorporated by reference
in the Admission Document)
(iii)
a. 2017 interim results: 30 September 2017
b. 2017 full year results: 30 June 2018
c. 2018 interim results: 30 September 2018
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EXPECTED ADMISSION DATE:
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10 August 2017
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NAME AND ADDRESS OF NOMINATED ADVISER:
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Stockdale Securities Limited
Beaufort House
15 St. Botolph Street
London
EC3A 7BB
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NAME AND ADDRESS OF BROKER:
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Stockdale Securities Limited
Beaufort House
15 St. Botolph Street
London
EC3A 7BB
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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 copy of the Admission Document containing
full details about the applicant and the admission
of its securities is available on the Company's
website at www.andesenergiaplc.com.ar up to
Admission, and www.phoenixglobalresources.com
on and following Admission.
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DATE OF NOTIFICATION:
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25 July 2017
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NEW/ UPDATE:
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New
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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