AIM: ONE
One Delta plc ("One Delta" or "the Company") (formerly Cholet Investments plc)12 January 2012
Completion of fundraising, acquisition of the One Delta Limited and readmission to trading on AIM
Further to the announcements made on 23 December 2011 and 11
January 2012, the Company is pleased to announce the
readmission of its enlarged issued share capital to trading
on AIM following completion of the subscription for 3,446,875
ordinary shares at 8 pence per share to raise £275,750
(before expenses) and the acquisition of One Delta Limited
for £1.7 million consideration, which has been satisfied by
the issue of the 21,250,002 consideration shares. The
acquisition constitutes a reverse takeover under the AIM
Rules. The legal name of the Company has been changed to One
Delta plc with immediate effect and dealings in the enlarged
issued share capital will commence at 8.00am today with
ticker ONE.
On admission, the Company will have 31,574,356 ordinary
shares admitted to trading on AIM. One Delta is currently
focused on the development of products in the flood defence
and
military sectors utilising components manufactured from
recycled waste products. One Delta's
aim is to become a leading commercialisation and development
company for environmental innovation. Further information on
One Delta and its business is set out below.
Sean Reel has today been appointed to the board and Roger
King has assumed the role of
Executive Director.
Brief details of Sean Reel are set out below:
Further information relating to Mr Reel, as required under
schedule 2 of the AIM Rules for
Companies, is set out below in the section entitled
"Additional Information". Merchant Securities Limited acted
as Nominated Adviser and Broker. Enquiries:
Sean Reel, Executive Chairman Tel: +44 (0) 845 0945 623
Roger King, Executive Director Tel: +44 (0)1534 511 750
Simon Clements / Virginia Bull Tel: +44 (0) 20 7628 2200
www.onedeltaplc.com
Copies of the AIM Admission Document are available on the
Company's website (www.onedeltaplc.com) or from the offices
of Merchant Securities Limited at 51-55 Gresham Street,
London EC2V 7HQ.
One Delta Limited was incorporated on 7 October 2008. Its
founders, Sean Reel and Phil Dale established the company to
address the market demand for flood protection products.
Since incorporation One Delta has diversified and is focused
on the incorporation of recycled plastic materials into the
design and production of a number of innovative products
intended to provide effective, cost-efficient and
environmentally sustainable solutions across a wide range of
sectors.
One Delta is currently engaged in the design, testing and
accreditation of products with a view to achieving commercial
application in three principal sectors:
• defence;
• security fencing; and
• mobile, off-building flood defence.
As mentioned above, One Delta uses recycled plastic materials
in its design and development process. Specifically each
proposed product range incorporates components manufactured
from recycled waste products (RWP), utilising a process
called Powder Impression Moulding (PIM). The use of RWP
provides advantages in terms of the relative ease of securing
supplies and the low cost of raw materials.
The One Delta Management recognise the versatility of the RWP
component and have identified further commercialisation
applications for the technology which, together with the
pipeline products referred to above, afford the potential to
create additional revenue streams in the future.
Under Schedule 2, paragraph (g) of the AIM Rules, the
following information is disclosed:
Directorships held by Mr Reel in the past five years other
than One Delta Limited:
Director | Current Directorships/Partnerships | Past Directorships/Partnerships |
Sean Malachy Reel | None | Electronic Media Promotions Limited Flexistone Limited Hollywood Media Services plc Launchpad Marketing Limited Mediazest plc Mediazest Ventures Limited Seedbeds Group plc Seedbeds Ventures Limited The Casting Suite Limited Touch Vision Limited |
Sean Reel was appointed as a director of The Casting Suite
Limited (company number
06451115) on 14 March 2008 and ceased to be a director on 7
September 2009. The Casting Suite Limited was acquired by
Hollywood Media Services and Mr Reel was appointed to the
board on 28 April 2009. Hollywood Media Services plc went
into liquidation on 6 April 2010 and the total deficiency to
creditors was £484,098.
Interests of the Directors and their connected persons in the
share capital of the Company:
Roger King 583,973 1.85
Roger Maddock 998,556 3.16
Sean Reel 7,031,250 22.27
Mr Reel has confirmed there is no additional information
under schedule 2, paragraph (g) of the AIM rules which needs
to be disclosed.
distribué par | Ce noodl a été diffusé par Cholet Investments plc et initialement mise en ligne sur le site http://www.choletinvestments.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-13 09:45:23 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
Admission of Trading |