Company name Oakhill Group PLC
Headline IEX SCHEDULE ONE

IEX SCHEDULE ONE-PRE-ADMISSION ANNOUNCEMENT

ANNOUNCEMENT TO BE MADE BY THE IEX APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH IEX RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

 

COMPANY NAME:

 Oakhill Group plc

COUNTRY OF INCORPORATION:

Ireland

COMPANY ADDRESS:

2A Sandymount Green, Sandymount, Dublin 4, Ireland

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE TWO, PARAGRAPH (J) OF THE IEX RULES:

Oakhill is a specialist printing business with two divisions, Managed Services, which offers a portfolio of card and print based products and services from the UK, and Books & Journals, which prints academics books and journals in the UK.

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):

56,439,080 Ordinary Shares of nominal value €0.10 each

CAPITAL TO BE RAISED ON ADMISSION:

 None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:

Daniel O’Donohoe (Chairman)                                                                        

Alan Jordan (Managing Director)

Martin Delany (Non-Executive Director)                                                          

Alastair McGuckian (Non-Executive Director)                                                   

Raymond McLoughlin (Non-Executive Director)

Denis O’Brien (Non-Executive Director)

PERSON(S) INTERESTED IN 5% OR MORE OF THE ISSUER’S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL BEFORE AND AFTER ADMISSION:

The following persons are interested in 3% or more of the issued share capital of Oakhill Group plc as of 21 August, 2006. Interests will remain unchanged after Admission. 

 

Raymond McLoughlin                                           16,491,959                       29.22%

Peter Lynch                                                            4,700,000                        8.33%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE TWO, PARAGRAPH (H) OF THE IEX RULES:

Not Applicable

ANTICIPATED ACCOUNTING REFERENCE DATE:

 31 December

EXPECTED ADMISSION DATE:

 20 September, 2006

NAME AND ADDRESS OF IEX ADVISER:

J&E Davy, trading as Davy, Davy House, 49 Dawson Street, Dublin 2, Ireland.

NAME AND ADDRESS OF BROKER:

J&E Davy, trading as Davy, Davy House, 49 Dawson Street, Dublin 2, Ireland.

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:

n/a

DATE OF NOTIFICATION:

21 August, 2006

NEW/ UPDATE (see note):  NEW

QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING: Not Applicable

 

THE NAME OF THE IEX DESIGNATED MARKET UPON WHICH THE APPLICANT’S SECURITIES HAVE BEEN TRADED:

 Official List of the United Kingdom Listing Authority

THE DATE FROM WHICH THE APPLICANT’S SECURITIES HAVE BEEN SO TRADED:

 

 6 August, 1999

CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET: 

 The Company has complied with all relevant legal and regulatory requirements involved in having its securities traded on the Official List of the United Kingdom Listing Authority.

AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE LAST TWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:

 

 www.oakhillplc.ie

DETAILS OF THE APPLICANT’S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY:

 The Oakhill strategy, which will remain unchanged by the transfer to IEX and AIM, is to develop the existing businesses through organic growth by ensuring they remain strong in their core markets and are in a position to take advantage of profitable new product and market opportunities. This development strategy is facilitated by targeted investment in equipment and management resources. The objectives of the investment program are to reduce production costs of existing products and services through improved efficiency and secondly to introduce new capability and expertise focused on new products and new markets. 

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:

 Save for the decline in margins, and therefore in operating profit, due to continuing price pressures, as detailed in the announcements issued by the Company on 15 March, 2006, 4 May, 2006, and 26 July, 2006, and save for the possibility of an adverse impact on Group trading consequent to a reported problem with a specialised product manufactured by the Managed Services division and uncertainty as to future revenues from this product, as detailed in the announcements issued by the Company on 7 June, 2006 and 30 June, 2006, there has been no significant change in the financial or trading position of the Oakhill Group since 31 December, 2005, the end of the last financial year for which audited financial statements have been published.

A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILABLE TO IT OR ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:

 The Directors of Oakhill Group plc have no reason to believe that the working capital available to Oakhill Group plc or the Oakhill Group will be insufficient for at least the 12 months from the date of its admission to AIM.

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE IEX RULES:

 N/A

A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT’S SECURITIES:

 Transfers of Ordinary Shares in the Company may be made through CREST or in certificated form.

A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT’S SECURITIES:

 www.oakhillplc.ie

INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:

 An Appendix to this Announcement has been published on the Oakhill website at www.oakhillplc.ie

A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT’S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A FINANCIAL YEAR END NOT MORE THAN NINE MONTHS PRIOR TO ADMISSION AND FULLY AUDITED INTERIM RESULTS WHERE APPLICABLE.  THE ACCOUNTS MUST BE PREPARED ACCORDING TO IRISH, UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS.

 www.oakhillplc.ie

THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY. Nil

 

 

Note: THIS FIELD SHOULD INDICATE THAT THE ANNOUNCEMENT IS ‘NEW’ AND ALL RELEVANT FIELDS SHOULD BE COMPLETED. OTHERWISE WHERE THE FORM IS REQUIRED TO BE COMPLETED IN RESPECT OF AN ‘UPDATE’ ANNOUNCEMENT, THIS SHOULD BE INDICATED. IN SUCH CASES, ALL THE ORIGINAL INFORMATION SHOULD BE INCLUDED WITH ANY AMENDED FIELDS EMBOLDENED.

 

 

 

 

 

 

 

 

  

 

This announcement has been issued through the Companies Announcement Service of

 

The Irish Stock Exchange

 

 

 

 

 

END