| ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") | |||||||||||||||
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| COMPANY NAME: | |||||||||||||||
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RC Fornax plc ("RC Fornax" or the "Company")
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| COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : | |||||||||||||||
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Registered Office: 71-75 Shelton Street London WC2H 9JQ United Kingdom
Principal Trading Address: Unit 12 Cranfield Innovation Centre Bedford MK43 0BT United Kingdom
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| COUNTRY OF INCORPORATION: | |||||||||||||||
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England and Wales
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| COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: | |||||||||||||||
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| 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: | |||||||||||||||
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RC Fornax is an established, accredited consultancy business providing efficient and bespoke project management solutions, with a focus on operations within the UK defence industry.
The Company was co-founded in 2020 by Paul Reeves (CEO) and Daniel Clark (COO), two Royal Air Force veterans, with a combined service tenure of over 24 years. Having worked in the industry, the co-founders identified that the consulting defence market was dominated by slow-moving, larger companies which provided mass market style services. RC Fornax was established to become a challenger to the industry, offering a wider range of expertise and capabilities, with an initial focus on systems, software and hardware engineering.
RC Fornax is a bespoke work-package solutions provider to the defence industry. As opposed to a simple outsourced recruitment-style model, the Company is not an intermediary and does not simply supply labour; instead, it works with its clients to define their specific needs and delivering the statement of work with clear deliverables, so that the focus is always on engineering outcomes. The Company forms and deploys project and engineering teams to meet its clients' objectives.
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| 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): | |||||||||||||||
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Number of ordinary shares of £0.0025 each in the capital of the Company ("Ordinary Shares") to be admitted: TBC
Issue Price: TBC
No Ordinary Shares are held in treasury
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| CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: | |||||||||||||||
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Capital to be raised on admission: TBC
Anticipated market capitalisation on Admission: TBC
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| PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: | |||||||||||||||
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TBC
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| DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED: | |||||||||||||||
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N/A
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| THE COMPANY HAS APPLIED FOR THE VOLUNTARY CARBON MARKET DESIGNATION (Y/N) | |||||||||||||||
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N
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| 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): | |||||||||||||||
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Mr. Mark Joseph Fahy - Proposed Non-Executive Chairman Mr. Paul Reeves - Chief Executive Officer Mr. Robert (Rob) James Shepherd - Chief Financial Officer and proposed Executive Director Ms. Kiri Helene Cavill - Proposed Non-Executive Director Mr. Dewi (David) John Hitchcock OBE - Proposed Non-Executive Director
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| 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): | |||||||||||||||
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* The post-admission shareholders and shareholdings are currently unknown and will be subject to quantum and composition of the fundraise associated with Admission.
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| NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: | |||||||||||||||
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N/A
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| (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: | |||||||||||||||
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i. 31 August
ii. 31 August 2024 (audited annual results)
iii. 31 May 2025 (unaudited interim results for the six months ending 28 February 2025) 28 February 2026 (audited annual results for the year ending 31 August 2025) 31 May 2026 (unaudited interim results for six months ending 28 February 2026)
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| EXPECTED ADMISSION DATE: | |||||||||||||||
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Early February 2025
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| NAME AND ADDRESS OF NOMINATED ADVISER: | |||||||||||||||
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Strand Hanson Limited 26 Mount Row London W1K 3SQ United Kingdom
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| NAME AND ADDRESS OF BROKER: | |||||||||||||||
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Cavendish Capital Markets Limited 1 Bartholomew Close London EC1A 7BL United Kingdom
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| 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: | |||||||||||||||
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The Admission Document, which will contain full details about the applicant and the admission of its securities, will be available on the Company's website from the date of Admission.
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| THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY | |||||||||||||||
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QCA Corporate Governance Code
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| DATE OF NOTIFICATION: | |||||||||||||||
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21 January 2025
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| NEW/ UPDATE: | |||||||||||||||
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New
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