Carbon Air Group plc 28/01/2022

 

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:

Carbon Air is a nano-technology company which leverages the absorption properties of activated carbon and other advanced materials to improve suspension systems, enhance acoustics or reduce noise. The Company's materials modify the fluid properties of gases using multiscale porosity. By packing air molecules more closely, Carbon Air's technology can effectively store air from the pressure field, creating up to six times more air volume, and in turn improve performance. The Company's proprietary technology has allowed it to develop a unique portfolio of solutions for a variety of sizeable end markets, including vehicle suspension systems, acoustic insulation for domestic appliances and micro-speakers for smartphones.   The Company's solutions are applicable in a wide range of industries. However, to date, the Company has focused primarily on cars, commercial vehicles and bikes (both mountain and motor).   Over the course of its product development phase, the Company has created a number of patents to protect its innovations and the Company generates revenue from licence sales, product sales and bespoke/collaborative research and development.   The corporate structure of the Company is that of a holding company.   The Company's operations are in the UK.

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):

Number: TBC Type: ordinary shares Nominal value: TBC Issue price: TBC   There are no restrictions as to the transferability of the ordinary shares.   No ordinary shares will be held in treasury on admission.

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised on admission: TBC   Anticipated market capitalisation on admission: TBC

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC

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:

Not applicable

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):

Dr Christopher " Chris " John Wright - Non-Executive Chairman   Erwin Wolf - Chief Executive Officer   John Fitzgerald Coakley - Chief Technology Officer   Laura Jane Brogden - Chief Financial Officer   David Frank Tilston - Non-Executive Director

Another Interesting company to one day hit the AIM Market perhaps .

Outstanding