SSV Siteserv

RNS Number:3715N
AIM
05 February 2008


    ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN 
                    ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR
                              COMPANIES ("AIM RULES")


COMPANY NAME:

Siteserv plc ("Siteserv" or the "Company")


COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS 
(INCLUDING POSTCODES) :

Registered address: The Grange, Newcastle Road, Lucan, Co. Dublin, Ireland


COUNTRY OF INCORPORATION:

Ireland


COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.siteserv.ie

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN
INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY).  IF THE ADMISSION IS
SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Admission is sought as a result of a reverse takeover by Siteserv of Deborah
Services (Holdings) Limited in accordance with Rule 14.



Siteserv

Siteserv is a non-trading holding company registered in Ireland and was
established in late November 2004 by Brian Harvey with the support of private
investors to acquire Rent-a-Fence. In June 2006 the Company acquired Donohue
Scaffolding and in November 2006, the entire issued share capital of Siteserv
was admitted to trading on AIM and IEX. Since then Siteserv has continued to
grow, both organically and through carefully targeted acquisitions, to become a
significant group offering a wide range of products and services to the
construction, events and utility sectors in Ireland. The Group has established a
strong customer base, range of activities and geographical spread throughout
Ireland and has an established experienced management team putting it in a
strong position to take advantage of opportunities in its target sectors. The
Group's strategy is to continue to target a high rate of growth in the provision
of on-site products and services to the construction, utilities and event
sectors.

Siteserv has two operating divisions, namely the Infrastructure and Utilities
Division and the Access Division. The Infrastructure & Utilities Division is
comprised of:

  * Sierra Communications, acquired in October 2007, is a support service provider, primarily to the
    telecommunications, power and civil engineering industries;
  * Holgate Fencing, acquired in November 2006, designs, supplies and installs a wide range of safety fences and
    environmental noise barriers in addition to providing a maintenance and repair service.; and
  * Roankabin, acquired in November 2007, is one of Ireland's leading providers of modular, off-site and portable
    building solutions operating on a hire and sale basis.



The Access Division is comprised of:

  * Donohue Scaffolding, acquired in June 2006, is one of the leading providers and installers of scaffolding and
    scaffolding related products to major building contractors, civil engineering specialists and  scaffolding
    subcontractors in Ireland on a hire, sale and contract basis;
  * Rent-a-fence, acquired in November 2004, is one of the leading providers of temporary fencing and related
    products and services to the construction and event management sectors in Ireland.; and
  * Easy Access, acquired in December 2006, is one of the leading suppliers of formwork and access to the Irish
    construction industry, operating from three depots in Dublin, Galway and Cork.



Deborah Services

Deborah Services, established in 1967, is a privately-owned UK company and a
leading provider of scaffolding and associated services to the construction
industry throughout the UK. In addition, Deborah Services is one of the leading
privately owned multi-discipline contractors in the UK providing activities
including scaffolding, insulation, asbestos removal, protective coating and
passive fire protection and operates a hire and sales division which offers a
wide range of site services products. The company's customer base comprises
organisations in the mechanical, petrochemical, power generation, civil
engineering and building industries. Deborah Services' head office is based in
Wakefield, West Yorkshire and delivers its services from 32 leasehold and
freehold depots situated

across the UK. In 1987 the company was acquired by BET plc who consolidated its
then existing operations and acquired additional scaffolding interests trading
under the name Deborah Grayston Scaffolding. In 1994, Deborah Grayston merged
with other BET plc companies to form a multidiscipline organisation with the
name reverting back to Deborah Services Limited. In 1996 BET plc was acquired by
Rentokil plc and the company's name was changed to Initial Deborah Services. In
2000, following a strategic review by Rentokil of non-core activities, the
company was bought by management and re-named Deborah Services.

Deborah Services' activities are grouped under the following divisions:

  * Contract Scaffolding - provides scaffolding services, temporary weather proof roofing, safety netting and
    associated services to construction and related industries.
  * Hire and Sales - the hire and sale of non-mechanical access and building equipment, including aluminium towers,
    ladders and fencing.
  * Multi-Discipline Contracts - provides industrial services for term maintenance and construction contracts.




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):

120,631,435 Ordinary Shares of nominal value Euro0.0016 each



CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET 
CAPITALISATION ON ADMISSION:

No capital being raised on admission

Expected Market Capitalisation on Admission Euro57,903,089 (120,631,435 Ordinary
Shares at the closing market price on the Irish Stock Exchange of Euro0.48 each on
4 February 2008)


PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

c. 40%


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:

The Irish Enterprise Exchange ("IEX") of the Irish Stock Exchange


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):

Hugh Cooney (Non-Executive Chairman)

Brian Harvey (Chief Executive Officer)

Patrick Jordan (Chief Operations Officer)

Colm Nolan (Chief Financial Officer)

Martin Cole (Non-Executive Director)


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):

                                                                        % of Existing        % of Existing
                                                           Number of     Issued Share         Issued Share
            Shareholder                              Ordinary Shares          Capital              Capital
            Brian Harvey                                  20,273,566           18.33%               16.81%
            Boundary Capital plc                          10,803,117            9.76%                8.96%
            Niall McFadden                                 8,083,043            7.31%                6.70%
            Patrick Jordan                                 5,454,545            4.93%                4.52%
            Davycrest Nominees Limited (Account           11,902,257           10.76%                9.87%
            0122590)
            Citibank Nominees (Ireland) Limited            3,654,928            3.30%                3.03%
            Barry Herriott                                 3,615,625            3.27%                3.00%
            Faido                                          7,796,610            7.05%                6.46%




NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, 
PARAGRAPH (H) OF THE AIM RULES:

N/A

(i)       ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)      DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED

(iii)     DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:
(i)       30 April

(ii)      30 September 2007 (Deborah Services) and 30 April 2007 (Siteserv)

(iii)     by 31 October 2008 and by 30 January 2009 and by 30 October 2009


EXPECTED ADMISSION DATE:

22 February 2008


NAME AND ADDRESS OF NOMINATED ADVISER:

Davy Corporate Finance (J&E Davy), Davy House, 49 Dawson Street, 
Dublin 2, Ireland.


NAME AND ADDRESS OF BROKER:
Davy (J&E Davy), Davy House, 49 Dawson Street, Dublin 2, Ireland.

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:

Copies of this document will be available for inspection during normal business
hours on any weekday (Saturdays, Sundays and public holidays excepted) at the
offices of Arthur Cox, Earlsfort Centre, Earlsfort Terrace, Dublin 2, Ireland
and the offices of Arthur Cox, 29 Ludgate Hill, London EC4M 7JE, United Kingdom
for one month from the date of Admission. Copies of this document will also be
available on the Company's website www.siteserv.ie.


DATE OF NOTIFICATION:

5 February 2008


NEW/ UPDATE:

NEW




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            The company news service from the London Stock Exchange
END

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