RNS Number:9256H
AIM
21 August 2006
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION
IN ACCORDANCE WITH AIM RULE 2
ALL APPLICANTS MUST COMPLETE THE FOLLOWING:
COMPANY NAME:
Hightex Group plc
COMPANY ADDRESS:
Masters House, 107 Hammersmith Road, London
COMPANY POSTCODE:
W14 0QH
COUNTRY OF INCORPORATION:
England and Wales
COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTMENT STRATEGY TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J)
OF THE AIM RULES:
Hightex Group has two main business units. HTI Group designs, produces and
installs polymer membrane structures for use by architects and structural
engineers. SolarNext owns and is negotiating to acquire additional IP which is
chiefly focussed on applications in the generation of: solar energy; solar
cooling; the prevention of heat from entering homes, offices and other
structures; and the desalination of water.
As announced on 4 August 2006, West 175 Media Group Inc has also conditionally
agreed to merge with Hightex Americas LLC, a wholly owned subsidiary of Hightex
Group, in exchange for shares in Hightex Group, bringing additional cash
resources to the Company.
DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares,
nominal value and issue price to which it seeks admission and the number and
type to be held as treasury shares):
Up to 120,085,172 Ordinary Shares of 1p each
CAPITAL TO BE RAISED ON ADMISSION:
#1.5 million
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Dr. Charles Desmond DesForges - (Non-Executive Chairman)
Klaus-Michael Andreas Koch - (Chief Executive Officer)
Frank Eduard Josef Molter - (Finance Director)
David Peter Walker - (Director of Business Development)
Charles Adam Laurie Sebag-Montefiore - (Non-Executive Director)
PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A
PERCENTAGE OF THE ISSUED SHARE CAPITAL BEFORE AND AFTER ADMISSION:
Before Admission After Admission
Charles DesForges 50% Matrix One Limited (26.20%)
Charles Sebag-Montefiore 50% RAB Special Situations (Master) Fund Limited
(8.33%)
John Gunn (5.36%)
Frank Molter (3.44%)
David Walker (3.44%)
NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (H) OF THE AIM RULES:
None
ANTICIPATED ACCOUNTING REFERENCE DATE:
31 December
EXPECTED ADMISSION DATE:
6 September
NAME AND ADDRESS OF NOMINATED ADVISER:
Teather & Greenwood, Beaufort House, 15 St. Botolph Street, London EC3A 7QR
NAME AND ADDRESS OF BROKER:
Teather & Greenwood, Beaufort House, 15 St. Botolph Street, London EC3A 7QR
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:
Teather & Greenwood, Beaufort House, 15 St. Botolph Street, London EC3A 7QR
DATE OF NOTIFICATION:
21 August 2006
NEW/ UPDATE (see note):
NEW
This information is provided by RNS
The company news service from the London Stock Exchange
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