TIDMPMA

RNS Number : 1416A

AIM

27 March 2012

 
     ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION 
      IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM 
                                  RULES") 
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 COMPANY NAME: 
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 Premier Management Holdings plc 
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 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY 
  TRADING ADDRESS (INCLUDING POSTCODES) : 
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 Stonebridge House 
  Chelmsford Road 
  Hatfield Heath 
  Essex CM22 7BD 
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 COUNTRY OF INCORPORATION: 
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 UK 
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 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED 
  BY AIM RULE 26: 
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 www.premiermgt.info 
  Following completion of the acquisition and approval of the 
  name change, expected to take effect on or after 30 March 2012, 
  the website address will change to: 
  www.premiergoldresources.com 
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 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: 
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 The Main country of operation is Kyrgyzstan. 
 
  The Company was incorporated on 17 December 1999 as a public 
  limited company. On 17 March 2000 the Company's Ordinary Shares 
  were admitted to trading on AIM. 
 
  As announced on 27 October 2010 the Company has entered into 
  option deed pursuant to which the Company has been granted 
  an option to acquire the entire issued share capital of Central 
  Asia Resources Ltd ("CAR"). Following shareholder approval 
  of the Company's new investing policy at the general meeting 
  held on 12 November 2010, the Company is now focused on acquiring 
  controlling stakes in natural resources projects. The board 
  of the Company has decided to exercise this option. The acquisition 
  of CAR would constitute a Reverse Takeover under Rule 14 of 
  the AIM Rules for Companies and requires shareholder approval. 
  At that general meeting, shareholders will also be asked to 
  approve to change the name of the Company to Premier Gold Resources 
  Plc. 
 
  If the acquisition of Central Asia Resources Ltd. is approved 
  by Shareholders and completes, the Company's first project 
  will be the Cholokkaindy Project in the Kyrgyz Republic. The 
  Company is also targeting additional gold projects in the Kyrgyz 
  Republic in the near-term. 
 
  The Company currently has no fixed assets and no changes to 
  the location of the Company are envisaged at this time. 
 
  This admission is sought as a result of a reverse takeover. 
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 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): 
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 612,078,458 Ordinary Shares of .01p each, and 
  175,799,093 Warrants 
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 CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED 
  MARKET CAPITALISATION ON ADMISSION: 
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 Capital to be raised: nil 
  Expected market cap: GBP4.6m (at last closing price on 15 November 
  2011) 
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 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 
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 51.17 
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 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: 
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 N/a 
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 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): 
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 Gerald "Gerry" Desler, Chairman and Finance Director 
  Richard Nolan, Chief Operating Officer 
  Dr Reza Tabrizi, Executive Director 
  Christian Schaffalitzky, Non-Executive Director 
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 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): 
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  Shareholder                   Number of Ordinary   % of enlarged share 
                                             Shares               capital 
  ----------------------------  -------------------  -------------------- 
   John McKeon                          128,557,877                 28.34 
  ----------------------------  -------------------  -------------------- 
   Barry Gold                            87,138,699                 14.24 
  ----------------------------  -------------------  -------------------- 
   Mark Pearson                          32,833,334                  5.36 
  ----------------------------  -------------------  -------------------- 
   T1ps Investment Management            31,140,853                  5.09 
  ----------------------------  -------------------  -------------------- 
   Noel Lyons                            30,147,950                  4.93 
  ----------------------------  -------------------  -------------------- 
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 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 
  2, PARAGRAPH (H) OF THE AIM RULES: 
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 N/A 
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 (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: 
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      (i) 31 December 
       (ii) 30 June 2011 
       (iii) 30 June 2012, 30 September 2012 and 30 June 2013 
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 EXPECTED ADMISSION DATE: 
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 30 March 2012 
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 NAME AND ADDRESS OF NOMINATED ADVISER: 
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 Libertas Capital Corporate Finance Limited 
  17c Curzon Street 
  London W1J 5HU 
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 NAME AND ADDRESS OF BROKER: 
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 Rivington Street Corporate Finance 
  3rd Floor, 
  3 London Wall Buildings, 
  London Wall, 
  London EC2M 5SY 
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 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: 
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 Libertas Capital Corporate Finance Limited 
  17c Curzon Street 
  London W1J 5HU 
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 DATE OF NOTIFICATION: 
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 26 March 2012 
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 NEW/ UPDATE: 
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 Update 
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This information is provided by RNS

The company news service from the London Stock Exchange

END

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