Springdoo plc Corporate- AIM Rule 26 Table
AIM Rule
The information set out below is provided in accordance with the requirements on AIM Rule 26 and was last updated on 11th January 2008.
Description of Business
The Group’s principal activity is the development and letting of student residences and commercial property.
On 15 June 2007 the company acquired the entire share capital of Springdoo Limited, a company incorporated in New Zealand whose principal activity is that of video communications. More information on Springdoo is available at www.springdoo.com
Directors
Non Executive Chairman: Martin Higginson
Martin Higginson sold his fist business to IPC Magazines Limited in 1984. In 1987 he founded Megafone Limited, a company specialising in the delivery of Premium Rate competition services. He grew this company’s turnover to in excess of £6 million before selling the business to Scottish Power plc in 1998. Within Scottish Power plc, he initially oversaw the integration of six newly acquired businesses into the interactive content business. Prior to the company’s flotation under the new name of Thus plc, he was responsible for the company’s Internet and Interactive businesses (including Demon Internet). He is the founder and non-executive director of Monstermob Group plc, a company that specialises in the mobile telephone media space. Monstermob now operates in over 13 countries with over 1000 employees. He is also Chairman and CEO of NetplayTv plc, a company specialising in the delivery of interactive gaming via both Internet and TV in a converged solution.
Non-Executive Director: Richard Hughes
Richard Hughes has worked within the corporate finance industry since 1988 and has founded and grown a number of businesses. During this time he has been involved in the flotation of several companies onto markets of the London Stock Exchange; capital raisings; and mergers and acquisitions. In 2004 he was a founder of Zeus Capital Limited which is regulated by the Financial Services Authority. He is also a non-executive director of Vindon Healthcare plc and a number of private companies.
Lee Dudack ACA – Chief Financial Officer and Company Secretary
Until September 2006, Lee was CFO of Rubberduck Media Lab Ltd, which was sold to Aspiro, realising a substantial return on investment for shareholders. Lee was previously Finance Director of Monstermob Group plc and apart from getting the company listed on AIM, was involved in executing Monstermob’s acquisition strategy and acquired two UK businesses and one US business. Between 1997 and 2000, Lee was Group Finance Director of Interoute Telecommunications plc (AIM listed 1996-1997), responsible for controlling £280m of annualised revenue and overseeing the growth of the company from 100 to over 1000 staff and increasing the global coverage from six to eleven countries. Prior to Interoute, Lee was a partner with Clark Whitehill, Chartered Accountants from 1995-1997. Lee is a non executive Director of SG Technologies Limited (turnover circa £12m p.a.) a world leading business in the manufacture of magnets for a variety of applications including the automotive and mobile industries.
Audit Committee
Responsibility for the Group’s internal controls rests with the Board. The Group does not currently operate an audit committee, but will establish one when the Group’s size necessitates. It is presently satisfied with the balance of the Board and the way that it operates. The Board considers the appointment and the fees of the external auditors, discusses the scope of the audit before its commencement, and receives reports from the external auditors.
Remuneration Committee
The Group does not currently operate a remuneration committee, but will establish one when the Group’s size necessitates. The Directors have entered into service agreements. Details of the Directors’ remuneration is presented in note 10 to the financial statements.
Country of Incorporation
The Company is incorporated and registered in England and Wales under the Companies Act 1985 with registered number 4686494).
Registered Office:
Fleet House
New Road
Lancaster
LA1 1EZ
The United Kingdom is the main country of operation.
Articles of Association
Springdoo M&A - Click here to download
Trading Platforms
The Company’s securities are only traded on AIM, a market of the London Stock Exchange.
AIM Securities in Issue
| Existing Ordinary Shares | 19,353,374 |
There are no restrictions on the transfer of the company’s AIM securities
Shareholders holding more than 3%
The Company is aware of the following other shareholders who own 3 per cent or more of the Company’s issued share capital.
| Number of ordinary shares | Percentage of ordinary share capital | |
| Telemessenger Solutions Limited | 2,127,374 | 10.99% |
| I W Currie | 1,732,455 | 8.95% |
| J D & N J Kerr | 759,777 | 3.93% |
The percentage of AIM Securities not in public hands is 37.89%
The members of the Board and their respective beneficial interests in the ordinary shares of the Company at the date of this report and at the end and beginning of the year were:
| Date of this report Number | % | 31 March 2007 Number | 31 March 2006 Number | |
| R Hughes | 1,732,455 | 8.95 | 1,732,455 | 1,732,455 |
| M J Higginson | 5,688,724 | 29.39 | 5,688,724 | 5,688,724 |
| J T Bargh | - | - | 13,109,902 | 13,109,902 |
| Total | 7,421,179 | 37.89 | - | 13,109,902 |
L J Dudack was appointed as a director on 15 June 2007. A R Freeman was appointed as a director on 15 June 2007. J T Bargh resigned as a director on 16 July 2007.
Most recent Annual report
Interim Report 2007 - Click here to download
CityBlock plc Accounts 2007 - Click here to download
Notifications in the past 12 months
CityBlock Admission - Click here to download
Details of documents sent to shareholders
Final circular - Click here to download
EGM circular - Click here to download
AGM circular - Click here to download
EGM circular - Click here to download
Contact Details
Nominated Adviser and Broker: W H Ireland Limited
11 St James’s Square
Manchester
M2 6WH
Auditors: CLB Coopers
Chartered Accountants
Fleet House
New Road
Lancaster
LA1 1EZ
Registrars: Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU