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UPDATE - ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

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:

CSF Group plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Ordnance House
31 Pier Road
St Helier
Jersey JE4 8PW
Channel Islands

COUNTRY OF INCORPORATION:

Jersey

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

http://www.csf-group.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:

The group of companies of which CSF Group plc is the holding company (the “Group”) focuses on the infrastructure aspects of data centre design, development and management. The Group offers a range of highly flexible and scalable data centre services to domestic Malaysian, South East Asian and large international businesses.

The Group’s primary focus is the design, development, maintenance and operation of data centres in Malaysia and it has acquired minority interests in entities in Vietnam and Thailand to help to facilitate its planned expansion into these countries. The Group receives income from tenants of its data centres. The Group also develops data centres on behalf of third party customers.

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):

160,000,000 ordinary shares of 10 pence each to be admitted.
Shares subject to lock in restrictions for 12 months post admission:   78,396,635 ordinary shares of 10 pence

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£28 million to be raised on Admission
Anticipated market capitalisation £88 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

51% 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:

N/A

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):

Yong, Kwet On (Adrian) – Chief Executive Officer
Wong, Chow Ming – Chief Operations Officer
Lee, King Loon – Chief Financial Officer
Philip Cartmell – Senior Non Executive Director
Dennis Kian Jing Ow – Non Executive Director
Dato’ Ting (Ting, Heng Peng) – Non Executive Chairman and Non Executive 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):

Significant shareholders before admission
Yong, Kwet On (Adrian)   39.6%
Wong, Chow Ming  23.4%
Thoo, Soon Huat 8.4%
Leong, Kok Cheng (Michael) 9.6%
Ng, Poh Choo 6.8%
Gan, Jhia Jhia (Jay)  3.7%
Wong, Chow Yien 3.6%
Employee Benefit Trust 5.0%

Significant shareholders after admission

Yong, Kwet On (Adrian)  27.0%
Wong, Chow Ming  16.0%
Leong Kok Cheng (Michael) 6.5%
Thoo Soon Huat  5.7%
Ng Poh Choo  4.6%
Legal & General 5.1%
Newton Investment Management  3.1%
Slater Investments 3.6%
Standard Life 3.4%
Employee benefit trust 3.4%

Notes
Note 1: Of the Ordinary Shares in respect of which Yong Kwet On holds legal title, (i) 39,769,824 Ordinary Shares are held legally and beneficially by him and (ii) 3,450,676 Ordinary Shares are held by him on trust pursuant to the employee benefit trust arrangements.
Note 2: Of the Ordinary Shares in respect of which Wong Chow Ming holds legal title, (i) 23,488,680 Ordinary Shares are held legally and beneficially by him and (ii) 2,038,219 Ordinary Shares are held by him on trust pursuant to the staff trust arrangements.

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None applicable

  1. ANTICIPATED ACCOUNTING REFERENCE DATE
  2. DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)
  3. DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:
  1. 31 March
  2. Audited financial information to 31 March 2009 and unaudited interim information to 30 September 2009
  3. 30 September 2010; 31 December 2010; 30 September 2011

EXPECTED ADMISSION DATE:

22 March 2010

NAME AND ADDRESS OF NOMINATED ADVISER:

Cenkos Securities plc
6-8 Tokenhouse Yard
London
EC2R 7AS

NAME AND ADDRESS OF BROKER:

Cenkos Securities plc
6-8 Tokenhouse Yard
London
EC2R 7AS

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:

Copies of the admission document will be available free of charge during normal business hours on any weekday (except public holidays) at the offices of Stephenson Harwood, One St Paul’s Churchyard, London EC4M 8SH, England and from the registered office of the Company from the date of this document for one month following Admission.

Copies will also be available from the company’s website http://www.csf-group.com

DATE OF NOTIFICATION:

15 March 2010

NEW/ UPDATE:

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