Ideagen
LSE : IDGP

June 15, 2012 04:16 ET

AIM Admission

                                                       
                                                  Ideagen PLC
                                         ("Ideagen" or the "Company")
                                                 AIM Admission


The  Board  of  Ideagen PLC (PLUS: IDGP), a leading supplier of On-Demand Information and Compliance  software,
today  announces that it has submitted a Pre-Admission Announcement to the London Stock Exchange plc  regarding
the  Company's intended admission to AIM on or around 2 July 2012. An admission document will be  published  in
due  course and will be made available on the Company's website www.ideagenplc.com. The trading symbol will  be
IDEA.LN

Notice has been given to PLUS SX that the Company intends to withdraw its shares from trading on PLUS SX on  29
June. The full text of the Pre-Admission Announcement appears below:

  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:
Ideagen PLC
COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :
4 Meadway Court
Meadway Technology Park
Stevenage
Hertfordshire
SG1 2EF
COUNTRY OF INCORPORATION:
England & Wales
COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
www.ideagenplc.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:
Ideagen Plc is a supplier of Compliance Based Enterprise Information Management Software with operations
in the UK and the United States serving a number of sectors. The Group has grown both organically and
through acquisition and is joining AIM in order to support the Group's strategy to become a leading
supplier of Compliance Based Enterprise Information Management Software solutions to the UK in general
and to the US healthcare market in particular.

Ideagen is a software development business specialising in information management solutions for
organisations that generally operate within industries that are subject to high regulatory standards.  As
authors of Workbench Professional, Proquis Enterprise and KnowledgeWorker® software products, the Group
is able to provide complete content lifecycle solutions that enable organisations to meet their
Regulatory and Quality Compliance standards, helping them to reduce costs and improve efficiency.
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):
77,881,558 Ordinary Shares of 1p each, issue price TBC, no treasury shares, no restriction

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
No Capital will be raised on Admission, The Current Market capitalisation at the date of this
announcement on PLUS is £10.9 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
40% not in public hands

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 has been admitted to PLUS SX since 2005. Trading on PLUS will cease on 29 June.

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):
Jonathan Peter Wearing                           Non-Executive Chairman
David Robert Knight Hornsby                    Chief Executive Officer
Graham Charles Harrop                               Chief Operating Officer
Alan Michael Carroll                                  Non-Executive Director
Leslie Derek Paul                                      Chief Technology Officer
Graeme Peter Spenceley                         Finance 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):
Pershing Nominees
                                                                                                   18.69%

Chase Nominees
                                                                                                   13.72%

David Robert Knight Hornsby
                                                                                                   10.64%

Leslie Derek Paul
                                                                                                    9.33%

Jonathan Peter Wearing
                                                                                                    5.67%

William Peter Best
                                                                                                    4.56%

Darren Paul Spillane
                                                                                                    4.29%

HSBC Nominees
                                                                                                    3.42%

David George Best
                                                                                                    3.38%


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)     30 April
    (ii)    Unaudited interims to 31 October 2011
(iii)   31 October 2012, 31 January 2013, 31 October 2013

EXPECTED ADMISSION DATE:
2 July 2012

NAME AND ADDRESS OF NOMINATED ADVISER:
finnCap Ltd
60 New Broad Street
London
EC2M 1JJ

NAME AND ADDRESS OF BROKER:
finnCap Ltd
60 New Broad Street
London
EC2M 1JJ

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 of the applicant and the  admission  of  its
securities will be available at the Company's website www.ideagenplc.com

DATE OF NOTIFICATION:
15 June 2012

NEW/ UPDATE:
New



Enquiries:
Ideagenplc                                 Tel: 01438 347110
David Hornsby, Chief Executive
Graeme Spenceley, Finance Director

finnCap Limited                            Tel: 020 7220 0500
Marc Young/Ben Thompson (corporate finance)
Stephen Norcross (corporate broking)
        


Contact Information

  • Ideagen