Statement re Admission to Trading on AIM
The Core Business PLC
(`The Core Business', `Core' or the `Company')
Admission to Trading on AIM
27 July 2007
The issued ordinary share capital Core Business was today admitted to trading on the AIM Market of the London Stock
Exchange ("AIM"), following the successful reverse takeover of Amirose International Limited (`Amirose'), together with
the associated fundraising, as originally announced on 3 July 2007.
The acquisition will provide Core with the opportunity of bringing its own portfolio of brands into Amirose's
established distribution and logistics facility. Core will have the ability to introduce Amirose's portfolio of brands
including Pure Derm and Skin Benefits to its strong network of retail contacts in the UK and to develop products with
Amirose's established Far Eastern supply chain contacts.
The acquisition provides a natural fit for Core and represents an excellent and immediate opportunity to leverage the
Company's recent rapid growth. In February 2007 Core announced an exclusive five-year agreement with Accessoire Beaute
Cosmetiques to distribute in the UK the Elite Models Fashion beauty and hair accessories range, and more recently the
Elite Models Fashion color cosmetics range. Elite's beauty and hair accessories range was launched in Superdrug in March
and Elite Colour Cosmetics is planned for a major launch in September.
The Core Business also has a number of other distribution and licensing deals under review.
The Company is also pleased to announce the Admission to trading on AIM of warrants to subscribe for Ordinary Shares in
the Company ("Warrants"). The Warrants give the right to subscribe at a price of 1p per Ordinary shares at any time
during the next 5 years. Like the Ordinary Shares of the Company, the Warrants will also be traded on the Plus Markets
trading platform.
Core's Chief Executive Stirling Murray said today-
"We are delighted with the acquisition. Core's strong network of retail contacts will help to facilitate the entry of
Amirose brands into new and wider channels of distribution, and Amirose will provide Core with strong brand ideas
and, importantly, access to low cost manufacturing and packaging. The acquisition has come at a very exciting time for
us. We have completed some exciting consultancy contracts, are swiftly developing our distribution business and believe
that with Amirose we can rapidly move our business into new areas".
ARM Corporate Finance Limited is Nominated Adviser to the Company.
Ellis Stockbrokers Limited is the Broker to the Company.
Admission Statistics
Number of Placing Shares issued 100,000,000
Number of Subscriber shares issued 35,000,000
Number of Ordinary Shares in issue at Admission 181,846,447
Number of Warrants in issue at Admission 93,500,000
Gross proceeds of the Placing £1,000,000
Gross proceeds from issue of the Subscriber Shares £350,000
Gross proceeds from the issue of Convertible Loan Stocks £850,000
Estimated combined net proceeds of the Placing, the
Subscription and the Convertible Loan Stocks £1,750,000
Market Capitalisation of the Enlarged Group at the
Placing Price £1,818,464
ISIN for Ordinary Shares GB00B0Z0JP28
Directors and Other Interests
Name Number of issued % of issued Number of issued % of issued Number of
Ordinary Shares Ordinary Shares Ordinary Shares Ordinary Shares Warrants
Prior to Admission Prior to Admission at Admission at Admission at Admission
M Watson-Mitchell * 1,000,000 2.36 2,562,500 1.41 2,781,250
S Murray 13,725,000 32.37 15,787,500 8.68 5,531,250
A Kennedy 0 0.00 1,062,500 0.58 2,031,250
M Gilmour 200,000 0.47 512,500 0.47 1,256,250
J Gordon 0 0.00 20,000,000 11.00 10,000,000
* Mark Watson-Mitchell is a director of Corporate Liaison Limited which holds 150,000 Sponsor's Warrants in addition to
those shown above.
Name Number of issued % of issued Number of issued % of issued Number of
Ordinary Shares Ordinary Shares Ordinary Shares Ordinary Shares Warrants
Prior to Admission Prior to Admission at Admission at Admission at Admission Addworth Plc *
9,528,200 22.47 19,528,200 10.74 8,000,000
Starvest Plc 4,200,000 9.91 4,200,000 2.31 1,500,000
* M Watson-Mitchell is a director of Addworth and together with family interests, holds 23.33 per cent. of the issued
share capital of Addworth.
* M Gilmour is a director of Addworth holds 0.61 per cent. of the issued share capital of Addworth.
* Robert Painting, a director of Addworth, holds 600,000 Ordinary Shares and 50,000 Founders' Warrants in the Company.
* Albert Collins, a director of Addworth, holds 225,000 Ordinary Shares and 50,000 Founders' Warrants in the Company.
For further information, please contact:
The Core Business plc
Stirling Murray, Chief Executive 020 7483 4300
Ellis Stockbrokers Limited
Neil Badger 01293 517 744
ARM Corporate Finance Limited
Nick Harriss 020 7512 0191