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Admission Document - BrainJuicer

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(ii)<br />

(iii)<br />

securities in the Company with a value of £10,000 or more calculated by reference to<br />

the Placing Price; or<br />

any other benefit with a value of £10,000 or more at the date of <strong>Admission</strong>.<br />

14.10 Save in connection with the application for <strong>Admission</strong>, none of the Ordinary Shares have been<br />

admitted to dealings on any recognised investment exchange and no application for such admission<br />

has been made and it is not intended to make any other arrangements for dealings in the Ordinary<br />

Shares on any such exchange.<br />

14.11 There are no arrangements in existence under which future dividends are to be waived or agreed to be<br />

waived.<br />

14.12 The ISIN of Ordinary Shares is GB00B1GVQH21. The Placing Shares have been created under the<br />

Act.<br />

14.13 The Placing Shares will be in registered form and will be capable of being held in both certificated<br />

and uncertificated form. The currency of the issue is sterling.<br />

14.14 There have been no public takeover bids by the third parties in respect of the Company during the last<br />

financial year or the current financial year, and there are no mandatory takeover bids and/or squeezeout<br />

rules and sell-out rules in relation to the Ordinary Shares, although the City Code on Takeovers<br />

and Mergers will apply.<br />

14.15 Save as disclosed in Part II of this document, the Directors are unaware of:<br />

14.15.1 any trends, uncertainties, demands, commitments or events that are reasonably likely to<br />

have a material effect on the issuer’s prospects for at least the current financial year; and<br />

14.15.2 any environmental issues that may affect the Company’s utilisation of its tangible fixed<br />

assets.<br />

14.16 The Company’s major shareholders will not have different voting rights to the Company’s other<br />

shareholders upon and following <strong>Admission</strong>.<br />

14.17 On <strong>Admission</strong>, the Existing Ordinary Shares shall account for 88.9 per cent. of the Enlarged Share<br />

Capital. The Existing Shareholders will be diluted by the allotment and issue of the Placing Shares,<br />

which will represent a 12.4 per cent. immediate dilution of the Existing Shareholders.<br />

14.18 <strong>BrainJuicer</strong> UK’s auditors for the three years ended 31 December 2005 were Grant Thornton UK LLP<br />

of Byron House, Cambridge Business Park, Cowley Road, Cambridge CB4 0WZ. Grant Thornton UK<br />

LLP is a member of The Institute of Chartered Accountants in England and Wales.<br />

14.19 The Company confirms that where the information is included in the document which has been<br />

sourced from a third party, it has been accurately reproduced and, so far as the Company is aware and<br />

is able to ascertain from information published by that third party, no facts have been omitted which<br />

would render the reproduced information inaccurate or misleading.<br />

14.20 Details of the related party transactions entered into during the period covered by the financial<br />

information in Part IV of this document are set out in note 9.23 in Part IV of this document.<br />

Date: 30 November 2006<br />

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