AIM - Schedule One Update - Rosebank Industries plc

Affiliated Managers

20/08/2025 08:00

RNS Number : 0802W

AIM

20 August 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:
Rosebank Industries plc ("Rosebank" or the "Company")
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :
Registered office:
26 New Street
 St Helier
 Jersey
 JE2 3RA
Business address:
20 North Audley Street
London
United Kingdom
W1K 6WE
COUNTRY OF INCORPORATION:
Incorporated and registered in Jersey
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
https://www.rosebankindustries.com/investors/aim-rule-26/
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:
ROSEBANK
MAIN COUNTRY OF OPERATION:
United Kingdom
COMPANY BUSINESS:
Rosebank was established in 2024 to acquire businesses whose performance the Directors believe can be improved so as to create shareholder value. Rosebank's strategy is to acquire quality industrial or manufacturing businesses with strong fundamentals whose performance may be improved. Through investing in acquired businesses, changing management focus and delivering operational improvements, Rosebank seeks to increase and realise the value in such businesses, typically over a three-to-five-year investment horizon and to return the proceeds to shareholders.
On 6 June 2025, the Company announced the acquisition of Electrical Components International, which constitutes a reverse takeover for the purposes of Rule 14 of the AIM Rules.
ELECTRICAL COMPONENTS INTERNATIONAL
MAIN COUNTRY OF OPERATION
United States
COMPANY BUSINESS
Founded in 1953, Electrical Components International ("ECI") is one of the world's leading suppliers of electrical distribution systems, control box assemblies, and other critical engineered components for a range of diversified end markets ranging from consumer appliances to smart industrial equipment. With approximately 20,000 employees and 39 global manufacturing locations, ECI is the trusted partner to over 450 customers with leading positions in respective end markets. ECI powers smart, connected, and electrified solutions that enable the most advanced technologies to solve the most complex challenges.
ECI provides end-to-end solutions for the design, manufacturing, assembly, and integration of wire harnesses, control boxes, and other value-added components across various industries and markets. Leveraging extensive product, technology, and systems knowledge, it aims to deliver efficient, high-quality products. Its tailored engineering solutions are aligned with the product and process innovations required for sustainability. ECI partners with customers throughout this journey to not only meet their specific needs but also to support their growth and success in the market.
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):
Type: Ordinary
Nominal value: No par value
Issue price: Not applicable
Number held in treasury: Not applicable
Number to be issued: 406,607,653 Ordinary Shares
Restrictions: No restrictions on transferability of the Ordinary Shares
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital to be raised on Readmission: Not applicable
Anticipated market capitalisation on Readmission: approximately £1,400 million
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
Approximately 23% of the Company's total issued share capital will not be in public hands at Readmission
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORMTO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:
Not applicable
THE COMPANY HAS APPLIED FOR THE VOLUNTARY CARBON MARKET DESIGNATION (Y/N)
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):
Laurence Justin Dowley (Non-Executive Chairman)
SimonAntony Peckham (Chief Executive Officer)
MatthewJohn Richards (Group Finance Director)
James Christopher Miller (Senior Independent 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):
Before Readmission
After Readmission
Shareholder
Percentage of the Issued Share Capital
Percentage of the Issued Share Capital
BlackRockInc
10.66
10.66
InvescoLtd
10.36
10.36
ArtemisInvestment Management LLP
9.75
9.75
NorgesBank
8.80
8.80
AvivaInvestors
4.66
4.66
SchroderInvestment Management
4.14
4.14
PermianInvestment Partners, LP
4.13
4.13
Select Equity
3.89
3.89
LingottoInvestment Management
3.69
3.69
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 year end
(ii) year ended 31 December 2024
(iii) Half year results for the period ended 30 June 2025: 30 September 2025
Full year results for the period ended 31 December 2025: 30 June 2026
Half year results for the period ended 30 June 2026: 30 September 2026
EXPECTED ADMISSION DATE:
21 August 2025
NAME AND ADDRESS OF NOMINATED ADVISER:
Investec Bank plc
30 Gresham Street
London
EC2V 7QP
NAME AND ADDRESS OF BROKER:
Citigroup Global Markets Limited
Citigroup Centre
33 Canada Square
Canary Wharf
London
E14 5LB
Investec Bank plc
30 Gresham Street
London
EC2V 7QP
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:
The Admission Document contains full details about the applicant and the admission of its securities and is available on the Company's website
https://www.rosebankindustries.com/investors/acquisition-of-eci/
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
FRC UK Corporate Governance Code
DATE OF NOTIFICATION:
20 August 2025
NEW/ UPDATE:
Update

 

 

 

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