AIM Schedule 1 update - Frontier Resources Intl. PLC (9822D)
July 12 2016 - 10:30AM
UK Regulatory
TIDMFRI
RNS Number : 9822D
AIM
12 July 2016
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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Frontier Resources International PLC (to
be renamed Concepta PLC on Admission)
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COMPANY REGISTERED OFFICE ADDRESS AND IF
DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING
POSTCODES) :
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Registered Address : 514 Metal Box Factory,
30 Great Guildford Street, London SE1 0HS
Trading Address: The Exchange, Colworth Park,
Sharnbrook, Bedfordshire MK44 1LQ
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COUNTRY OF INCORPORATION:
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United Kingdom
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION
REQUIRED BY AIM RULE 26:
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At present : www.friplc.com (to change to
www.conceptaplc.com post Admission)
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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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The Company will be the holding company for
Concepta Diagnostics Limited, Concepta Diagnostics
Limited is a Healthcare company operating
in the area of fertility and, more specifically,
in the niche market segment of unexplained
fertility. Concepta's products target the
personalised mobile health market.
Concepta's current offices and head offices
are based in Colworth, Bedfordshire and York,
Yorkshire. The main country of operation,
in which its proprietary disposable test
strips are assembled and manufactured is
the U.K, with its meters used for reading
the strips are sub-contracted for manufacture
to the People's Republic of China (PRC).
Concepta is targeting sales initially into
PRC, the UK and the rest of the European
Union.
Admission is being sought as a result of
a reverse takeover 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 GBP0.025 each (following
a 250 to 1 share consolidation of existing
shares of GBP0.0001); Nil shares to be held
as treasury shares.
109,160,573 ordinary shares of GBP0.025 to
be admitted (of which 5,200,000,000 existing
shares of GBP0.0001 are currently admitted
to trading - these will consolidate into
20,800,000 ordinary shares of GBP0.025);
30,343,950 new ordinary shares of GBP0.025
are to be issued as consideration for the
Acquisition; 10,833,333 new ordinary shares
of GBP0.025 are to be issued in respect of
conversion of outstanding debt within Concepta;
32,050,342 new ordinary shares of GBP0.025
are to be issued in a firm placing with institutional,
other investors and vendors of Concepta raising
GBP2.40 million, 1,373,330 new ordinary shares
are to be subscribed by Concepta employees
raising GBP0.103 million, and 13,759,618
new ordinary shares of GBP0.025 are to be
issued in a conditional placing with clawback
in an open offer to existing shareholders
(with excess applications permitted) to raise
up to GBP1.03m.
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE)
AND ANTICIPATED MARKET CAPITALISATION ON
ADMISSION:
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Amount of new monies to be raised on Admission
: cGBP3.53 million, comprising GBP2.40 million
in a firm placing, GBP0.10 million in the
Subscription and GBP1.03 million in a conditional
placing with clawback in an open offer to
existing shareholders.
Market Capitalisation on Admission of cGBP8.19
million based on the placing price of GBP0.075
per new ordinary share.
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC
HANDS AT ADMISSION:
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c55.0%
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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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N/A
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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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Existing Board
Adam Reynolds (Non-executive Chairman)
Barbara Joyce Spurrier (Financial Director)
Neil Lindsey Herbert (Non-executive Director)
Proposed Board
Adam Reynolds (Non-executive Chairman)
Barbara Joyce Spurrier (Financial Director)
Neil Lindsey Herbert (Non-executive Director)
Erik Georges Henau (Chief Executive)
Mark Andrew Wyatt (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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Pre-Admission*(1) Post Admission*(1)
--------------------- -------------------- ---------------------
Shareholder Number % Number %
--------------------- ------------- ----- ------------ -------
Mr Paul Levinson 333,000,000 6.45 1,332,000 <3%
--------------------- ------------- ----- ------------ -------
Mr Christopher
Potts 473,333,333 9.17 1,893,333 <3%
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Finance Yorkshire
Seedcorn
Fund - - 12,699,997 11.63%
--------------------- ------------- ----- ------------ -------
Angel CoFund - - 11,668,267 10.69%
--------------------- ------------- ----- ------------ -------
Mercia Technologies
PLC - - 19,999,999 18.32%
--------------------- ------------- ----- ------------ -------
*(1) Pre-Admission shows existing ordinary
shares of GBP0.0001; and Post Admission shows
new ordinary shares of GBP0.025 (following
a share consolidation of 250:1)
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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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N/A
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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 January 2016 - audited financial information
Concepta Diagnostics Limited;
31 December 2015 - audited financial information
(Frontier Resources
International PLC);
iii. 30 September 2016, 30 June 2017; 30
September 2017
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EXPECTED ADMISSION DATE:
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26 July 2016
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NAME AND ADDRESS OF NOMINATED ADVISER:
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SPARK Advisory Partners Limited
5 St John's Lane
London
EC1M 4BH
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NAME AND ADDRESS OF BROKERS:
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Beaufort Securities Limited
131 Finsbury Pavement
London EC2A 1NT
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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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SPARK Advisory Partners Limited
5 St John's Lane
London
EC1M 4BH
The admission document contains full details
about the applicant and the admission of
its securities
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DATE OF NOTIFICATION:
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12 July 2016
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NEW/ UPDATE:
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UPDATE
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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