REG - AIM Tan Delta Systems - Schedule One - Tan Delta Systems Plc
04/08/2023 09:15
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230804:nRSD2692Ia&default-theme=true
RNS Number : 2692I AIM 04 August 2023
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:
Tan Delta Systems plc (the "Company" or "Tan Delta")
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS
(INCLUDING POSTCODES) :
1 Carrera Court
Dinnington
Sheffield
S25 2RG
COUNTRY OF INCORPORATION:
England and Wales
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
www.tandeltasystems.com (http://www.tandeltasystems.com/)
(from admission)
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:
Tan Delta has developed an innovative and differentiated monitoring solution
based on real time oil analysis and analytics that offers equipment operators
enhanced insight into the maintenance status of their equipment and thus the
ability to reduce maintenance costs, improve reliability and reduce carbon
footprint.
Tan Delta was co-founded in 2007 by the current Chief Executive Officer, Chris
Greenwood, to develop the concept of real time oil condition analysis.
Funded by private investors, the Company has invested significant time and
effort over an extended period of time to develop and prove this concept. This
initial phase was followed by a further period of technology R&D and
product development to realise its first pre-production oil condition analysis
sensor in 2019 which was sold to a limited number of customers for trial and
refinement purposes. In 2020 the Company's first commercial sensor (G2-Sensor)
entered volume production.
The Company now offers four main products built around its core oil condition
analysis sensor technology. All of which target primarily large commercial and
industrial equipment market segments. A new sensor product (G2-IM), currently
at the concept stage but based upon the same core technology, will be
developed which will be suitable for smaller scale, high volume applications
in the light commercial, industrial and automotive segments.
The Company is based in Sheffield, UK, with the majority of customers being
situated in the UK, although sensors are supplied to multinational corporates
across the world.
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 million Ordinary Shares of £0.001 each at an issue price of TBC pence
CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET
CAPITALISATION ON ADMISSION:
Capital to be raised on Admission:
£TBC million primary proceeds
£TBC million secondary sale of existing ordinary shares
Anticipated market capitalisation on admission: £TBC million
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
TBC 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:
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):
Simon Tucker - Non-Executive Chairman
Christopher (Chris) Greenwood - Chief Executive Officer
Stephen (Steve) Johnson - Chief Financial Officer
Charles Vivian - Independent Non-Executive Director
Timothy (Tim) Croston - 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):
Prior to Admission On Admission
Number of existing Ordinary Shares % of existing Ordinary Shares Number of Ordinary Shares % of Ordinary Shares
Simon Francis Rogers 11,999,100 23.93% TBC TBC
Jonathan Michael Horne 11,997,990 23.92% TBC TBC
Simon Richard Tucker 9,963,360 19.87% TBC TBC
Richard Booth 6,891,990 13.74% TBC TBC
Christopher John Greenwood 4,777,440 9.53% TBC TBC
Robert Gordon and Amanda Persey 3,182,370 6.35% TBC TBC
Stephen William Pearce 1,337,550 2.67% TBC TBC
50,149,800 100.00% TBC TBC
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:
N/A
(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) 31 December 2022 (audited financial information)
(iii) 30 September 2023 (unaudited results for the 6 months ended
30 June 2023)
30 June 2024 (audited annual results for the year ending 31 December 2023)
30 September 2024 (unaudited results for the 6 months ending ended 30 June
2023)
EXPECTED ADMISSION DATE:
Mid-August 2023
NAME AND ADDRESS OF NOMINATED ADVISER:
Zeus Capital Limited
125 Old Broad Street
London
EC2N 1AR
NAME AND ADDRESS OF BROKER:
Zeus Capital Limited
125 Old Broad Street
London
EC2N 1AR
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, which will contain full details of the applicant and
its securities, will be available from www.tandeltasystems.com
(http://www.tandeltasystems.com)
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
QCA Corporate Governance Code
DATE OF NOTIFICATION:
4 August 2023
NEW/ UPDATE:
New
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH
(H) OF THE AIM RULES:
N/A
(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) 31 December 2022 (audited financial information)
(iii) 30 September 2023 (unaudited results for the 6 months ended
30 June 2023)
30 June 2024 (audited annual results for the year ending 31 December 2023)
30 September 2024 (unaudited results for the 6 months ending ended 30 June
2023)
EXPECTED ADMISSION DATE:
Mid-August 2023
NAME AND ADDRESS OF NOMINATED ADVISER:
Zeus Capital Limited
125 Old Broad Street
London
EC2N 1AR
NAME AND ADDRESS OF BROKER:
Zeus Capital Limited
125 Old Broad Street
London
EC2N 1AR
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, which will contain full details of the applicant and
its securities, will be available from www.tandeltasystems.com
(http://www.tandeltasystems.com)
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
QCA Corporate Governance Code
DATE OF NOTIFICATION:
4 August 2023
NEW/ UPDATE:
New
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END PAAEASPDEAKDEFA