AIM Admission - Update
14 5월 2003 - 7:24PM
UK Regulatory
RNS Number:0760L
AIM
14 May 2003
ANNOUNCEMENT TO BE MADE BY AIM APPLICANT
AT LEAST 10 BUSINESS DAYS PRIOR TO ADMISSION
ALL APPLICANTS MUST COMPLETE THE FOLLOWING:
COMPANY NAME: DCS Group plc
COMPANY ADDRESS: : 1 Sun Street, London
COMPANY POSTCODE: EC2A 2EP
COUNTRY OF INCORPORATION: England and Wales
COMPANY BUSINESS: DCS Group plc is an international IT solutions company
operating predominantly in the sectors of automotive, transport and logistics,
and industry solutions.
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares,
nominal value and issue price): (i.e. where known, number of shares, nominal
value and issue price): 25,040,363 Ordinary Shares of 25p each
CAPITAL TO BE RAISED ON ADMISSION: None
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Colin Macdonald Amies (Non-Executive Chairman)
Stephen Yapp (Chief Executive)
Colin Stephen Campbell (Finance Director)
Andrew James Forsyth (Chief Technical Officer)
John Richard Savage (Non-Executive Director)
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A
PERCENTAGE OF THE ISSUED SHARE CAPITAL STATING WHETHER BEFORE OR AFTER
ADMISSION:
Before and after admission -
Morley Fund Management Limited 14.76%
HSBC Global Custoday Nominee (UK) Ltd 10.47%
Wilbro Nominees Limited 6.82%
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (G) OF THE AIM RULES.
Not Applicable
ANTICIPATED ACCOUNTING REFERENCE DATE: 31 December
EXPECTED ADMISSION DATE: 30 May 2003
NAME AND ADDRESS OF NOMINATED ADVISER: Close Brothers Corporate Finance Limited,
10 Crown Place, London EC2A 4FT
NAME AND ADDRESS OF BROKER: KBC Peel Hunt Ltd, 111 Old Broad Street, London EC2N
1PH
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.
Not Applicable
DATE OF NOTIFICATION: 14 May 2003
NEW/ UPDATE (see note): Update
LISTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:
DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE
OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY
DCS' strategy is to deliver consistently high quality, leading edge, total
solutions in its core markets through its three vertical business - DCS
Automotive, DCS Transport & Logistics Solutions and DCS Industry Solutions. It
uses its own market proven software to support its customers around the world.
DCS intends to implement appropriate actions to reduce the level of its
borrowings. This may include making selective disposals if appropriate.
A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE
APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD FOR
WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED OR AN APPROPRIATE NEGATIVE
STATEMENT
On 28 April 2003 the Group renegotiated its banking facilities and increased
these from #18.8m to #23.8m.
A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT
ITS WORKING CAPITAL WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE
DATE OF ITS ADMISSION
The Directors have no reason to believe that the Group's working capital will be
insufficient for at least twelve months from the date of admission to AIM.
DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES.
Not Applicable
This information is provided by RNS
The company news service from the London Stock Exchange
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