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NET - Netcall News Story

69.5p 0.0  0.0%

Last Trade - 24/01/22

Sector
Technology
Size
Small Cap
Market Cap £104.1m
Enterprise Value £97.2m
Revenue £27.2m
Position in Universe 1023rd / 1804

AIM Schedule 1 Update - Netcall Plc

Thu 29th July, 2010 5:30pm
TIDMNET

RNS Number : 2023Q
AIM
29 July 2010

?
+-------------------------------------------------------------------------------+
| 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: |
+-------------------------------------------------------------------------------+
| Netcall plc |
| |
+-------------------------------------------------------------------------------+
| COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY |
| TRADING ADDRESS (INCLUDING POSTCODES) : |
+-------------------------------------------------------------------------------+
| 10 Harding Way |
| St Ives |
| Cambridgeshire |
| PE27 3WR |
| |
+-------------------------------------------------------------------------------+
| COUNTRY OF INCORPORATION: |
+-------------------------------------------------------------------------------+
| UK |
| |
+-------------------------------------------------------------------------------+
| COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY |
| AIM RULE 26: |
+-------------------------------------------------------------------------------+
| www.netcall.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: |
+-------------------------------------------------------------------------------+
| Netcall plc ("Netcall") is a Cambridge based company and its |
| ordinary shares are admitted to trading on AIM. Netcall designs, |
| develops and markets a range of callback, auto messaging and |
| contact and workforce management solutions to organisations of a |
| wide range of sizes and industry sectors, including many |
| blue-chip companies. Netcall generates revenue from software |
| licences, plus support and maintenance and the provision of its |
| products through a software as a service (SaaS) model. The run |
| rate aggregate revenues from support and maintenance and the |
| SaaS model are of a recurring nature and exceed the Netcall |
| Group's operating costs. |
| |
| On 1 June 2010, Netcall and Telephonetics plc ("Telephonetics") |
| announced that they had agreed the terms of a recommended |
| acquisition by Netcall of the entire ordinary share capital of |
| Telephonetics. Telephonetics is a UK-based company quoted on AIM |
| that provides business solutions that enable its clients to |
| streamline the interaction with their own customers, thereby |
| enhancing service levels, increasing efficiency and reducing |
| overall operating costs. These solutions are built on its own |
| platforms: SEMAP+ communications platform (Speech Enabled |
| Multi-Application Platform) which blends advanced speech |
| recognition and voice automation; and Eden which enables data |
| integration. |
| |
| Netcall identified Telephonetics' product portfolio and customer |
| base as being complementary to Netcall and believes that the |
| acquisition is synergistic. The acquisition of Telephonetics is |
| a reverse take-over for Netcall under Rule 14. |
| |
+-------------------------------------------------------------------------------+
| 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): |
+-------------------------------------------------------------------------------+
| Re-admission of 121,236,201 ordinary shares of 5 pence each |
| |
+-------------------------------------------------------------------------------+
| CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND |
| ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
+-------------------------------------------------------------------------------+
| No capital will be raised on admission. Market capitalisation on |
| admission is anticipated to be GBP14 million (based on Netcall's |
| current share price) |
| |
+-------------------------------------------------------------------------------+
| PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
+-------------------------------------------------------------------------------+
| 42.35 per cent. |
| |
+-------------------------------------------------------------------------------+
| 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: |
+-------------------------------------------------------------------------------+
| NA |
| |
+-------------------------------------------------------------------------------+
| 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 Jackson, Chairman |
| Henrik Bang, Chief Executive Officer |
| Roger Allsop, Non-executive director |
| |
| Proposed Directors |
| James Ormondroyd, Group Finance Director |
| Michael Neville, Non-executive Director |
| Mark Brooks, 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): |
+-------------------------------------------------------------------------------+
| Before admission |
| |
| Number of Percentage of |
| Name Ordinary issued and paid-up |
| Shares held share capital |
| Tartan Investment 12,777,176 19.90 |
| Partners L.P.* |
| Gartmore UK & Irish 250,000 0.39 |
| Smaller Companies |
| Fund* |
| Bluehone Investors LLP 5,915,242 9.21 |
| J Patoff 4,149,411 6.46 |
| Portside Holdings 3,500,000 5.45 |
| Limited |
| Edenfield Investments 2,841,362 4.43 |
| Limited |
| Jeffrey Rubins 2,970,000 4.63 |
| Number of Percentage of |
| Name Ordinary issued and paid-up |
| Shares held share capital |
| ISIS EP LLP 18,671,052 15.40 |
| Tartan Investment 12,777,176 10.54 |
| Partners L.P.* |
| Gartmore UK & Irish 250,000 0.21 |
| Smaller Companies |
| Fund* |
| Anthony McKay 6,242,981 5.15 |
| William Burgar 6,196,736 5.11 |
| Bluehone Investors LLP 5,915,242 4.88 |
| J Patoff 4,149,411 3.42 |
| Mark Brooks 3,972,358 3.28 |
| Octopus Investments 3,947,368 3.26 |
| Limited |
| |
+-------------------------------------------------------------------------------+
| NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE |
| 2, PARAGRAPH (H) OF THE AIM RULES: |
+-------------------------------------------------------------------------------+
| NA |
| |
+-------------------------------------------------------------------------------+
| (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) 30 June |
| (ii) 31 December 2009 |
| (iii) 31 December 2010, 31 March 2011, 31 December 2011 |
| |
+-------------------------------------------------------------------------------+
| EXPECTED ADMISSION DATE: |
+-------------------------------------------------------------------------------+
| 30 July 2010 |
| |
+-------------------------------------------------------------------------------+
| NAME AND ADDRESS OF NOMINATED ADVISER: |
+-------------------------------------------------------------------------------+
| Evolution Securities Limited |
| 100 Wood Street |
| London |
| EC2V 7AN |
| |
+-------------------------------------------------------------------------------+
| NAME AND ADDRESS OF BROKER: |
+-------------------------------------------------------------------------------+
| Evolution Securities Limited |
| 100 Wood Street |
| London |
| EC2V 7AN |
| |
+-------------------------------------------------------------------------------+
| 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 this document are available free of charge from the |
| Company's registered office |
| of 10 Harding Way, St Ives, Cambridgeshire, PE27 3WR and at the |
| offices of Osborne Clarke, One London Wall, London EC2Y 5EB |
| |
+-------------------------------------------------------------------------------+
| DATE OF NOTIFICATION: |
+-------------------------------------------------------------------------------+
| 29 July 2010 |
| |
+-------------------------------------------------------------------------------+
| NEW/ UPDATE: |
+-------------------------------------------------------------------------------+
| UPDATE |
| |
+-------------------------------------------------------------------------------+


This information is provided by RNS
The company news service from the London Stock Exchange
END

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