REG - AIM - Schedule One - Supreme PLC

Panasonic HoldingsAnnouncement

18/01/2021 09:05

RNS Number : 9146L
  
AIM
  
18 January 2021
  
 




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:




 
Supreme plc ("Supreme" or the "Group")
 




COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :




 
4 Beacon Road, Trafford Park, Manchester, M17 1AF 
 




COUNTRY OF INCORPORATION:




 
England & Wales
 




COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:




 
www.supreme.co.uk
 




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:




 
Supreme is a leading manufacturer, supplier and brand owner of fast-moving consumable goods spanning five principal categories: Batteries; Lighting; Vaping: Sports Nutrition & Wellness; and Branded Household Goods. Supreme operates largely within the United Kingdom, selling to discount retailers, wholesalers, independent retailers and directly to consumers via its own online platforms. Around 10% of its total revenue for the year ended 31 March 2020 is international spanning 45 countries.
 
Supreme's Battery category includes internationally recognized brands such as Duracell, Panasonic, Energizer and JCB (for which it has distribution and licensing agreements direct with brand owners) and Eveready and Energizer for Lighting (for which it has an international licensing agreement). In addition, it has developed its own brands in the Vaping, including 88vape and Sports Nutrition categories for which it controls the supply chain by manufacturing in-house onshore in the United Kingdom.
 




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):




 
TBC ordinary shares of £TBC at a placing price of TBC per ordinary share.
 
There will be no restrictions as to the transfer of the ordinary shares and no ordinary shares will be held in treasury at Admission.
 




CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:




 
Capital to be raised: TBC


Anticipated market capitalisation on Admission: TBC
 




PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:




 
TBC%
 




DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:




 
N/A
 




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):




 
Paul Andrew McDonald (Non-Executive Chairman)
 
Sandeep "Sandy" Singh Chadha (Chief Executive Officer)
 
Suzanne Gwendoline Smith (née Dick) (Chief Financial Officer)
 
Simon Martin Lord (Independent Non-executive Director)
 
Mark Richard Cashmore (Independent 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
 
Sandy Chadha (1) - 100%
 
After Admission
 
 Sandy Chadha (1) - TBC%
 
TBC
 
(1) Sandy Chadha's holdings are held directly, through Supreme 8 Limited (a company of which he is the sole shareholder and a director), and through The Chadha Discretionary Trust 2020 (a trust in which he and his wife are trustees).




NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:




 
DWF Law LLP
PricewaterhouseCoopers LLP
 




(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 March
(ii)   30 September 2020 (unaudited interim report)
(iii)  Audited accounts to 31 March 2021 (by 30 September 2021), Interim accounts to 30 September 2021 (by 31 December 2021), Audited accounts to 31 March 2022 (by 30 September 2022)
 




EXPECTED ADMISSION DATE:




 
February 2021
 




NAME AND ADDRESS OF NOMINATED ADVISER:




 
Grant Thornton UK LLP
30 Finsbury Square
London EC2A 1AG
 




NAME AND ADDRESS OF BROKER:




 
Joh. Berenberg, Gossler & Co. KG, London Branch
60 Threadneedle Street
London EC2R 8HP
 




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:




 
Electronic copies of the Admission Document will be available on the Company's website from the date of Admission.
 
The Admission Document will contain full details about the Company and the admission of its securities.
 




THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY




 
QCA Corporate Governance Code
 




DATE OF NOTIFICATION:




 
18 January 2021
 




NEW/ UPDATE:




 
New



 
 

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