REG - AIM - Schedule One udate - ActiveOps plc
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:
ActiveOps plc ("ActiveOps" or the "Company" )
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :
One Valpy
20 Valpy Street
Reading RG1 1AR
COUNTRY OF INCORPORATION:
England and Wales.
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
www.activeops.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:
ActiveOps is a UK-based leader in Management Process Automation (MPA), providing a SaaS platform to large enterprises with complex and often global back-offices. The Group's software and embedded back-office operations management methodology enables enterprises to adopt a data-driven, scientific approach to organising work and managing capacity.
The Group's enterprise platform comprises Workware+, its MPA software platform, and AOM, the Group's operations methodology and framework for effective back-office management.
As at 31 December 2020, the Group had approximately 80 enterprise customers, predominantly in the banking, insurance and BPO sectors and 163 employees, serving its global customer base from offices in the UK, Ireland, USA, Australia, India and South Africa.
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):
Number of ordinary shares of 0.1 pence each in nominal value ("Ordinary Shares") for which Admission is being sought: 71,320,680
Placing price per Ordinary Share: 168p
There are no restrictions as to the transferability 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:
No primary capital being raised on Admission.
Secondary placing: £75.7 million.
Anticipated market capitalisation on Admission at the placing price: £119.8 million.
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
33.3%.
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):
Sean Francis Paul Finnan (Independent Non-executive Chairman).
Richard John Jeffery (Chief Executive Officer).
Patrick (Paddy) Alexander Deller (Chief Financial Officer).
Michael (Mike) Gerald McLaren (Independent Non-executive Director).
Hilary Wright (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 ISC pre-Admission
% of ISC post-Admission
Calculus Capital
29.3
6.1
Richard Jeffery
22.2
13.8
Neil Bentley
21.4
7.1
Paul Moroney*
6.9
0.4
Hauschild Family**
6.5
-
Notes:
* Including the interests of trusts, the beneficiaries of which are the Moroney family.
** Held via trusts, the beneficiaries of which are the Hauschild family.
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 March.
(ii) 30 September 2020 (unaudited interim financial information).
(iii) 30 September 2021 (annual accounts for the year ending 31 March 2021).
31 December 2021 (half year report for the six months ending 30 September 2021).
30 September 2022 (annual accounts for the year ending 31 March 2022).
EXPECTED ADMISSION DATE:
29 March 2021
NAME AND ADDRESS OF NOMINATED ADVISER:
Investec Bank plc
30 Gresham Street
London EC2V 7QP
NAME AND ADDRESS OF BROKER:
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:
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:
www.activeops.com
THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY
QCA Corporate Governance Code.
DATE OF NOTIFICATION:
25 March 2021.
NEW/ UPDATE:
UPDATE.
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