TIDMAEN

RNS Number : 9980L

AIM

25 July 2017

 
                     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: 
------------------------------------------------------------------------------------- 
 Current Company name: Andes Energia plc 
  Company name on Admission: Phoenix Global Resources 
  plc 
------------------------------------------------------------------------------------- 
 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, 
  COMPANY TRADING ADDRESS (INCLUDING POSTCODES): 
------------------------------------------------------------------------------------- 
 2nd Floor 
  Berkeley Square House 
  Berkeley House 
  London 
  W1J 6BD 
------------------------------------------------------------------------------------- 
 COUNTRY OF INCORPORATION: 
------------------------------------------------------------------------------------- 
 England and Wales 
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 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION 
  REQUIRED BY AIM RULE 26: 
------------------------------------------------------------------------------------- 
 Current website address: www.andesenergiaplc.com.ar 
  Website following Admission: www.phoenixglobalresources.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: 
------------------------------------------------------------------------------------- 
 
   On Admission, Phoenix Global Resources plc will 
   be a leading Argentinian independent exploration 
   and production company, following the acquisition 
   of the entire issued share capital of Trefoil 
   Holdings B.V., a company that owns through a 
   number of subsidiary companies, over 99.99 per 
   cent. of the interests in an Argentine company, 
   Petrolera El Trébol S.A., which has exploration 
   and production oil and gas assets in the provinces 
   of Mendoza, Santa Cruz and Tierra del Fuego 
   in Argentina. 
 
   Admission is sought as a result of a reverse 
   take-over under AIM 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): 
------------------------------------------------------------------------------------- 
 Ordinary shares of 10 pence each 
 
  Share capital immediately prior to admission: 
  605,558,515 ordinary shares 
 
  Post-IPO enlarged share capital: 2,519,431,566 
  ordinary shares 
 
  Issue price: N/A 
 
  No restrictions as to transfer of the securities; 
  no shares to be held in treasury 
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 CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) 
  AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: 
------------------------------------------------------------------------------------- 
 Anticipated market capitalisation on admission: 
  GBP844m (based on the independent directors' 
  estimation of the value of the ordinary shares) 
------------------------------------------------------------------------------------- 
 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS 
  AT ADMISSION: 
------------------------------------------------------------------------------------- 
 78.1% 
------------------------------------------------------------------------------------- 
 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: 
------------------------------------------------------------------------------------- 
 The Company's shares are also admitted to trading 
  on the Buenos Aires Stock Exchange. 
------------------------------------------------------------------------------------- 
 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): 
------------------------------------------------------------------------------------- 
 
     Current           Nicolas Mallo           Executive Chairman 
     Directors         Huergo                  (to become Non-Executive 
                                               Director on Admission) 
 
                                               CFO 
                       German Ranftl* 
                                               VP E&P 
                       Juan Carlos Esteban* 
                                               Non-Executive Director 
                       David Jackson 
                                               Non-Executive Director 
                       Nigel Duxbury* 
                                               Non-Executive Director 
                       Carolina Landi* 
 
                       Javier Alvarez          Non-Executive Director 
 
                       Matthieu Milandri       Non-Executive Director 
 
                       Sir Michael Rake        Non-Executive Director 
                                               (to become Non-Executive 
                                               Chairman on Admission) 
                      * To retire from the Board on Admission 
 
     Proposed          Anuj Sharma               Chief Executive 
     directors,                                  Officer 
     each being        Philip Wolfe 
     appointed                                   Chief Financial 
     conditional       Guillaume Vermersch       Officer 
     upon Admission 
                                                 Non-Executive Director 
                      Garrett Soden             Non-Executive Director 
                      John Bentley              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): 
------------------------------------------------------------------------------------- 
 Significant shareholders before Admission: Vetalir International S.A.          13.1% 
   Portstart Business Corp.            12.2% 
   Prifen S.A.                          9.9% 
   Mercuria Energy Asset Management 
    B.V.                                8.2% 
   Michael Stevens                      8.1% 
   Mirage Partners, Inc                 5.2% 
   International Capital Markets 
    Group Chile S.A.                    4.6% 
   Albor Group, Ltd                     4.3% 
 
 
  Significant shareholders after Admission: Mercuria Group           77.9% 
   Vetalir International 
    S.A.                    3.1% 
------------------------------------------------------------------------------------- 
 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE 
  WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: 
------------------------------------------------------------------------------------- 
 Nigel Duxbury, Non-Executive Director* 
  Integra Capital S.A. 
 
  * To retire from the Board on Admission 
------------------------------------------------------------------------------------- 
 (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 2016 (incorporated by reference 
             in the Admission Document) 
             (iii) 
             a. 2017 interim results: 30 September 2017 
             b. 2017 full year results: 30 June 2018 
             c. 2018 interim results: 30 September 2018 
------------------------------------------------------------------------------------- 
 EXPECTED ADMISSION DATE: 
------------------------------------------------------------------------------------- 
 10 August 2017 
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 NAME AND ADDRESS OF NOMINATED ADVISER: 
------------------------------------------------------------------------------------- 
 Stockdale Securities Limited 
  Beaufort House 
  15 St. Botolph Street 
  London 
  EC3A 7BB 
------------------------------------------------------------------------------------- 
 NAME AND ADDRESS OF BROKER: 
------------------------------------------------------------------------------------- 
 Stockdale Securities Limited 
  Beaufort House 
  15 St. Botolph Street 
  London 
  EC3A 7BB 
------------------------------------------------------------------------------------- 
 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 is available on the Company's 
  website at www.andesenergiaplc.com.ar up to 
  Admission, and www.phoenixglobalresources.com 
  on and following Admission. 
------------------------------------------------------------------------------------- 
 DATE OF NOTIFICATION: 
------------------------------------------------------------------------------------- 
  25 July 2017 
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 NEW/ UPDATE: 
------------------------------------------------------------------------------------- 
 New 
------------------------------------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 25, 2017 04:30 ET (08:30 GMT)

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