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Antonov News



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 Tuesday January 8 2002
Antonov: exercise of Series 3 Warrants
The Company has been notified on January 7, 2002 by an Antonov warrantholder of the exercise of their subscription rights in respect of Antonov Series 3 Warrants to subscribe for 1,040,000 ordinary shares of 5 pence each in the capital of Antonov ("Ordinary Shares"). The subscription price payable for each Ordinary Share is 24 pence and subscription monies for the aggregate subscription amount of GBP 249,600 have been received by Antonov.

Tuesday December 11 2001
Antonov: application for admission on AIM for 442,857 ordinary shares
Application for admission to trading on AIM will be made for 442,857 ordinary shares of 5p each in Antonov PLC. The shares have been issued conditional on such shares being admitted to trading on AIM, in connection with an option contained in one of the convertible loan facilities announced by Antonov on 20th November 2001.

Thursday November 29 2001
Unaudited loss before tax Antonov 1st 9 months
Antonov losses during the first nine months were higher at GBP 1.6 mln (2000: GBP 1.3 mln ). The increased loss was due to the write off of two abandoned patent applications following a review of our portfolio. Loss per share for the period was 1.8p (2000: 1.6p). Cash balances as at 30th September 2001 were GBP 0.5 mln.

Tuesday November 20 2001
Convertible loan facilities for Antonov agreed
Antonov plc is pleased to announce that it has agreed the terms of two unsecured convertible loans in respect of an aggregate facility of 400,000 euro. The loans have been agreed with each of Mr W.S. Minnaar and Mr L.G.M.R. Geeris. The loan with Mr W.S. Minnaar is a 250,000 euro facility ("the 250,000 Loan") and the loan with Mr L.G.M.R.

Monday October 22 2001
Antonov: change in director's interests
The Company has received notification from Mr C. Minnaar, a non-executive director of the Company, that on 12 and 15 October, 2001, GG Enterprises BVBA, a company controlled by Mr Minnaar, disposed of its interest in 220,000 ordinary shares of 5p each in the Company at an average of 29.4p per share. Following this disposal, Mr Minnaar is interested in 7,452,921 ordinary shares of 5p each in the Company, representing 8.0%. of the Company's issued share capital.

Friday October 12 2001
Japanese Car Manufact. decides to pursue acquisition of patent license Antonov
On 17th August, 2001 Antonov announced that its major Japanese car company customer had confirmed that it was to decide before the end of September, 2001 whether it wished to acquire a licence. Antonov is pleased to report that this customer has decided to pursue the acquisition of a non-exclusive licence of a number of Antonov's patents.

Antonov: Completion of previously announced placing
With reference to Antonov's earlier announcements of 30th August and 25th September, 2001 payment of the GBP 360,000 due under the extended placing has been made in full by Green Corporate Finance BVBA ("Green"). Application is being made to have the 1,800,000 shares subscribed for by Green under the extended placing admitted to trading on the Alternative Investment Market of London Stock Exchange plc.

Tuesday September 25 2001
Antonov: new 6-speed AAD successfully launched at Frankfurt
During the Frankfurt Motor Show Antonov gave presentations on its AAD and its revolutionary new 6-speed to 21 car manufacturers and large transmission industry suppliers. Immediate requests for evaluation, design or development proposals were made by 3 companies. Follow-up discussions will be made with most of the other presentees in the coming months.

Thursday August 30 2001
Unaudited loss before tax Antonov H1 2001 GBP 1.1. mln
Group losses during the first six months were higher at GBP 1.1 mln (2000 : GBP 0.9 mln ). Loss per share for the period was 1.3p (2000 : 1.1p). Cash balances as at 30th June 2001 were GBP 0.7 mln following a placing and an offer to holders of Series 1 Warrants, Series 2 Warrants and Series 3 Warrants in the period under review raising collectively GBP 1.2 mln (gross).

Wednesday August 22 2001
Antonov reports Green Corp. Finance subscription and extension of agreement
With reference to Antonov's earlier announcement (dated 5th July 2001), Antonov is pleased to report that Green Corporate Finance B.V.B.A. ("Green") has subscribed for 1 million ordinary shares of 5 pence each in the capital of Antonov ("Ordinary Shares") for a price of 20 pence per Ordinary Share under the terms of the placing.

Friday August 17 2001
Japanese car manufacter considers acquisition of production license Antonov
Major Japanese car manufacturer considers acquisition of production licence from Antonov A major Japanese car manufacturer has confirmed to Antonov that it is considering acquiring a production licence for the patented Antonov Automatic Drive ("AAD") transmission technology. Under a technology-evaluation agreement that was extended last month, this car manufacturer has designed, developed, built and tested a number of 4-speed prototype AAD transmissions for its medium-sized cars.

Thursday July 19 2001
Antonov's major Japanese car customer extends evaluation agreement
Antonov's major Japanese car company customer has signed a new agreement under which its evaluation of Antonov's technology is continued and expanded. This company has, over past years and at its own cost, designed, developed, built and tested a number of 4-speed prototype Antonov transmissions for medium sized cars.

Thursday July 5 2001
Antonov: appointment of Green Corporate Finance
Antonov announces their appointment of Green Corporate Finance B.V.B.A. ("Green") on Wednesday 4 July 2001 to use reasonable endeavours to procure placees for up to 2,072,850 new ordinary shares of 5p each in the capital of Antonov ("Ordinary Shares") for a price of 20p per Ordinary Share. Completed forms of acceptance must be received by 3.00 pm on 16 July 2001, with payment to be made by no later than 15 August 2001.

Thursday May 31 2001
Antonov plc: Director's share dealings
On 31 May 2001 share options over the Company's shares were granted under the Antonov plc Executive Share Plan to the following directors of the Company: Name Number Exercise Price Roumen Antonov 195,650 Euro 1.07 (63.9p)* Mike Emmerson 168,475 Euro 1.07 (63.9p)* * These options may be exercised on grant and run until 31 May 2006.

Wednesday May 30 2001
Unaudited loss before tax Antonov Q1 2001
Antonov plc announces its unaudited financial results for the first quarter ended 31st March 2001. Group losses during the first three months were GBP 0.54 mln (2000: -GBP 0.46 mln). Loss per share for the period was 0.6p (2000: -0.5p). Cash balances were GBP 0.6 m as at 31st March 2001 - following a placing in January 2001 raising GBP 567,000 (gross).

Wednesday May 23 2001
Antonov signs production license with Neue Zahnradwerk Leipzig GmbH
Antonov announced on Wednesday that it has licensed its automatic-transmission technology to Neue Zahnradwerk Leipzig GmbH (NZWL), a German transmission manufacturer based in Leipzig. "This is the first European licensee for our technology", said Roumen Antonov, chairman. "I am particularly pleased that NZWL is a supplier to leading vehicle makers, including DaimlerChrysler." Commercial production of Antonov Automatic Drive (AAD) transmissions by NZWL is anticipated to commence either in 2003 or 2004.

Monday March 5 2001
Completion of share pricing Antonov
With reference to Antonov's announcement on 8 February 2001, the Company is pleased to report that the final GBP 140,000 due under the placing, detailed in Antonov's announcement on 22 January 2001, has been received. The Company has made an application for admission to AIM in respect of the 500,000 ordinary Antonov shares covered by this payment.

Tuesday February 27 2001
Preliminary results '00 Antonov
Antonov plc, the developer of a unique and innovative automatic gearbox, the Antonov Automatic Drive (AAD), announces its unaudited financial results for the twelve months ended 31st December 2000. During 2000 Antonov raised GBP 1.8 mln (net) from placing 3,420,000 new ordinary shares of 5p each at an issue price of 55p.

Thursday February 8 2001
Corbin Motors requests transmission proposal from Antonov
Corbin Motors has asked Antonov to present proposals for the design and manufacture of an Antonov Automatic Drive (AAD) for a new commuter vehicle. Corbin, headquartered in the United States, is a producer of highly efficient low-emissions single-person cars. The new vehicle is designed to conform to the US ULEV (Ultra Low Emission Vehicle) regulations.

Monday January 22 2001
Antonov: placing of shares
The Board of Antonov is pleased to announce a placing of 2,025,000 new ordinary shares of 5p each (the "Placing Shares") at an issue price of 28p per share (the "Placing Price") to raise GBP 567,000 (gross) (the "Placing"). The Placing Shares have been placed with Green Corporate Finance BVBA. Following the Placing, the Placing Shares will represent 2.3%.

Thursday December 21 2000
Antonov to sign agreement with Suzuki
Antonov plc announces on Thursday that Suzuki, one of the world's leading small car producers has requested an agreement that will permit a cost validation programme to be carried out on the Antonov Automatic Drive (AAD). This follows a successful evaluation of an AAD prototype vehicle by Suzuki in Japan.

Tuesday November 28 2000
Unaudited loss before tax Antonov Q3 2000
Antonov announces its unaudited financial results for the nine months ended 30th September 2000. Financials ú Unaudited loss before tax of GBP 1.3 mln (1999 : GBP 1.5 mln). ú Loss per share of 1.58p (1999 : 1.87p). ú Cash balance of GBP 0.9 mln as at 30th September 2000. Further capital call to be made to provide working capital.

Tuesday August 29 2000
Antonov H1 loss GBP 0.9 mln
Antonov reported on Tuesday a loss before tax for the first-half of 2000 of GBP 0.9 mln, compared with a loss of GBP 1.0 mln for the first-half of 1999. Loss per share narrowed from 1.30p to 1.07p. Antonov said that the planned evaluation in July by an Japanese car company has taken place with an encouraging result. This customer's Board of Directors has requested a plan on how to advance the Antonov project within the company. Turnover fell 164% from GBP 29,000 to GBP 11,000.

Monday February 28 2000
Antonov reports little progress
Antonov said on Monday that little progress had been made in gaining firm orders in 1999. The company said that it sees the coming year "important" as it reported pretax loss for the 12 months ended December 31 1999 of GBP 2 mln against GBP 2.1 mln the previous year, on sales of GBP 65,000. Loss per share for the full year was 2.54 pence against 2.68 pence previously.

Wednesday February 9 2000
Antonov programme for GM/Opel hits problems
Antonov said the GM/Opel development programme for its Antonov Transmission automatic gearbox has run into technical problems with the electronics which are currently being addressed. GM/Opel's Corsa model was fitted with a prototype four-speed transmission and was delivered to the manufacturer in December.

Wednesday January 19 2000
Antonov issues new shares
Antonov said on Wednesday that is will issue and place 3.4 million new ordinary shares of 5 pence. The issue was approved at the extraordinary shareholders meeting held on Wednesday. Antonov said that it has applied for the new shares to be admitted for trading on London's AIM and the NMAX in Amsterdam. Is is expected that the admission to AIM and NMAX will become effective on 19 January 2000, Antonov said.

Thursday November 25 1999
Antonov 9-month loss GBP 1.5 mln
Antonov reported on Thursday a loss before tax of GBP 1.5 mln for the first nine months of 1999, compared with a loss of GBP 1.6 mln for the first nine months of 1998. Turnover rose to GBP 30,000, compared with GBP 12,000 for the first nine months of 1998. Losses per share for the first nine months of 19999 came to 1.87p, compared with 2.14p for the first nine months of 1998.

Friday September 17 1999
Antonov places new shares
Antonov has placed 1.9 million new shares at 55 pence or EUR 0.856 per share. The issue increases Antonov's share capital by 2.4%. Each new share has a warrant attached which may be exercised up to September 30, 2002, which may result in another 1.9 million new shares at that time. Antonov said the new shares were placed with European institutional investors.

Thursday May 27 1999
Antonov reports Q1 loss of GBP 474,000
Antonov reported on Thursday a net loss of GBP 474,000 for the first quarter of 1999, compared with a net loss of GBP 533,000 for the comparible period of 1998. The company said that independent test results and progress in all key development programmes during the first quarter is encouraging. Nevertheless, the company has placed 1.8 million new shares to raise additional funding of GBP 1 mln during the first quarter, and said it was in search for further funding.

Thursday February 25 1999
Antonov net loss GBP 2.1 mln
Antonov announced on Thursday a net loss of GBP 2.1 mln for 1998, compared with a net loss of GBP 1.6 mln for 1997. The company said the loss increased primarily due to the inclusion of costs of the Company's specialist enginering team and lower licence revenues. Antonov said it wants to raise GBP 1.0 mln through a placing of 1.8 million new ordinary shares at an issue price of 55p per share. The company booked a loss per share of 2,68p, compared with a loss per share of 2,10p for 1997.

Friday November 27 1998
Antonov nine-months loss GBP 1.65 mln
Antonov posted a loss of GBP 1.65 mln in the first nine-months of 1998, compared with a loss of GBP 1.45 mln in the 1997 comparible period. Turnover fell to GBP 18,000 from GBP 162,000. Antonov said it would be necessary to raise new capital in order to strengthen its balance sheet total and to continue operating.

Friday August 28 1998
Antonov's losses widen
Antonov reported on Friday its losses widened to GBP 1.1 mln in the first-half of 1998, compared with losses of GBP 900,000 for the first-half of 1997. Antonov said the losses were due to increased costs related to expanding its team of specialised technicians. Turnover slumped to GBP 17,000 from GBP 162,000.

Tuesday August 11 1998
Antonov develops prototype with Opel
Antonov announced on Tuesday that it had signed an agreement with Adam Opel AG, the European subsidiary of General Motors, for the development of a prototype of the Antonov transmission. The agreement is aimed on the Opel Corsa. The prototype is to be evaluated in the second-half of 1999.

Thursday June 18 1998
Antonov issues new shares
Antonov announced it has applied for 1.1 million new ordinary shares to be admitted to trading on the Alternative Investment Market of the London stock exchange. 555,555 shares have been placed at a price of 90 pence per share with two institutional shareholders of Antonov. 555,556 have been placed at a price of 90 pence per share with GG Enterprises BVBA, a company controlled by Mr C.

Friday May 29 1998
Antonov losses widen by 25%
Antonov reports a net loss of NLG 1.6 mln for the first quarter of 1998, compared with a net loss of NLG 1.3 mln for the first quarter of 1997. The deterioration in results is due mainly to increased development and administration costs. The company did not book any turnover in the quarter.

Friday February 27 1998
Losses Antonov narrowed by 11%
Antonov Group reports losses of GBP 1.6 mln for 1997, compared with 1996 losses of GBP 1.8 mln. Income from licensees increased from GBP 233,000 to GBP 488,000. Turnover increased from GBP 233,000 to GBP 488,000. In April 1997, Antonov strengthened its financial position with the issue of 3.6 mln new shares, with a total net value of GBP 3 mln and received a listing on the New Market Amsterdam exchanges.

Hebels Financial Website believes the information herein was obtained from reliable sources but does not guarantee its accuracy. Neither the information nor any opinion expressed constitutes a solicitation of the purchase or sale of securities, derivatives or commodities. © 2002 Hebels Financial Website