REG - AIM - Schedule One update - Aurrigo International plc

RathbonesAnnouncement

12/09/2022 12:45

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RNS Number : 1177Z  AIM  12 September 2022

 

 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:
 RDM Group Limited, to be renamed Aurrigo International plc

 (the "Company", together with its subsidiaries being the "Group") (AIM:AURR)

 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
 (INCLUDING POSTCODES) :
 Unit 33

 Bilton Industrial Estate

 Humber Avenue

 Coventry

 CV3 1JL

 COUNTRY OF INCORPORATION:
 England and Wales

 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
 https://aurrigo.com/ (https://aurrigo.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:

 The Group was established by David Keene and Graham Keene in 1993 and is
 headquartered in Coventry UK.

 The Company is a leading international provider of transport technology
 solutions. It is highly regarded as a specialist in autonomous and
 semi-autonomous technology solutions for the aviation, ground handling and
 cargo industries.

 The Group has three divisions, being automotive technology, autonomous
 technology and aviation technology which design, engineer, manufacture and
 supply OEM products and autonomous vehicles to the automotive, aviation and
 transport industries.

 The automotive technology division which was established in 1993 develops and
 supplies a range of innovative design engineering support, product solutions,
 manufactured products and services to premium vehicle OEMs and global Tier 1
 manufacturers.

 The autonomous technology and aviation technology divisions were established
 in 2016 and 2019 respectively. They develop autonomous vehicles and supporting
 systems, supported by the Group's strong and extensive experience in the
 automotive division for vehicle engineering.

 Following Admission, the Company's growth strategy will be focussed on
 finalising the trialling and development phases of its aviation products, in
 order to maximise what the Directors consider to be an immediate and
 significant opportunity within the aviation industry for the deployment of
 autonomous technology solutions to airport operations.

 The Company's operations are predominantly in the United Kingdom, the Group
 also has operations in Singapore, the United States, Canada and Australia.

 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):
 Name and nominal value of the securities: ordinary shares of 0.2 pence each in
 the capital of the Company ("Ordinary Shares").

 Number of Ordinary Shares on Admission: 41,666,667

 Issue price per Ordinary Share: 48 pence

 There are no restrictions as to the transfer of the Ordinary Shares.

 No Ordinary Shares will be held in treasury on Admission.

 CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED
 MARKET CAPITALISATION ON ADMISSION:
 Total capital to be raised on Admission: £8.0 million

 Anticipated market capitalisation on Admission: £20.0 million

 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
 87.1%

 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:
 Not applicable.

 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):

 Andrew John Cornish (Independent Non-executive Chairman)

 David Martin Keene (Chief Executive Officer)

 Ian Michael Grubb (Chief Financial Officer)

 Graham Stuart Keene (Corporate Development Director)

 Penelope (Penny) Ann Coates (Independent Non-executive Director)

 Joseph (Joe) Warden Elliot (Independent Non-executive Director)

 Lewis Ian Girdwood (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):

Shareholder                       % of issued share capital prior to Admission  % of issued share capital on Admission
 David Keene                       50.0%                                         30.0%
 Graham Keene                      50.0%                                         30.0%
 Unicorn Asset Management Limited  Nil                                           15.00%
 Amati Global Investors Limited    Nil                                           10.42%
 Rathbone Investment Management    Nil                                           5.53%

 

 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

 (ii)  30 June 2022

 (iii) 30 June 2023 (audited consolidated annual report for the year ended 31
 December 2022)

 30 September 2023 (unaudited consolidated interim report for the six months to
 30 June 2023)

 30 June 2024 (audited consolidated annual report for the year ended 31
 December 2023)

 EXPECTED ADMISSION DATE:
 15 September 2022

 NAME AND ADDRESS OF NOMINATED ADVISER:
 Singer Capital Markets Advisory LLP

 1 Bartholomew Lane

 London

 EC2N 2AX

 NAME AND ADDRESS OF BROKER:
 Singer Capital Markets Securities Limited (broker for the capital raise on
 Admission)

 Singer Capital Markets Advisory LLP

 1 Bartholomew Lane

 London

 EC2N 2AX

 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:
 A copy of the Admission Document containing full details about the applicant
 and the admission of its securities will be available on the Company's website
 at: https://aurrigo.com/ (https://aurrigo.com/) from Admission.

 THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
 The Quoted Companies Alliance (QCA) Corporate Governance Code.

 DATE OF NOTIFICATION:
 12 September 2022

 NEW/ UPDATE:
 UPDATE

 

 

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

 

(ii)  30 June 2022

 

(iii) 30 June 2023 (audited consolidated annual report for the year ended 31
December 2022)

 

30 September 2023 (unaudited consolidated interim report for the six months to
30 June 2023)

 

30 June 2024 (audited consolidated annual report for the year ended 31
December 2023)

 

EXPECTED ADMISSION DATE:

15 September 2022

 

NAME AND ADDRESS OF NOMINATED ADVISER:

Singer Capital Markets Advisory LLP

1 Bartholomew Lane

London

EC2N 2AX

 

NAME AND ADDRESS OF BROKER:

Singer Capital Markets Securities Limited (broker for the capital raise on
Admission)

Singer Capital Markets Advisory LLP

1 Bartholomew Lane

London

EC2N 2AX

 

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:

A copy of the Admission Document containing full details about the applicant
and the admission of its securities will be available on the Company's website
at: https://aurrigo.com/ (https://aurrigo.com/) from Admission.

 

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

The Quoted Companies Alliance (QCA) Corporate Governance Code.

 

DATE OF NOTIFICATION:

12 September 2022

 

NEW/ UPDATE:

UPDATE

 

 

 

 

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