Share Information
| Major Shareholders As of 12 March 2012 the Company is aware of the following who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are set out below. |
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Lock-in and orderly market arrangements
At Admission, the Directors and their connected parties (the ‘Locked-in Directors’) will own 187,396,113 Ordinary Shares representing 11.38 per cent. of the Enlarged Share Capital and options to acquire a further 107,400,000 Ordinary Shares at a price of 1 penny per Ordinary Share. Details of the terms of the Options granted to the Directors are more particularly set out at paragraph 3.16 of Part VI of this Document.
The Locked-in Directors have undertaken to the Company and Beaumont Cornish that they will not sell or dispose of, except in certain limited circumstances permitted under Rule 7 of the AIM Rules for Companies, any of their respective interests in Ordinary Shares at any time before the first anniversary of Admission following which there will be a twelve month orderly market arrangement on terms that any sale of Ordinary Shares will only take place following consultation with the Nomad and with the consent of the Directors. This undertaking is more particularly set out in the Lock-in Agreement signed by all of the respective parties.
Further details of the Lock-in Agreement are set out at paragraph 8.5.1 of Part VI of this Document. At Admission, certain shareholders (the ‘Locked-in Shareholders’) will own 118,308,926 Ordinary Shares representing 7.19 per cent. of the Enlarged Share Capital. The Locked-in Shareholders have undertaken to the Company and Beaumount Cornish that they will not sell or dispose of, except in certain limited circumstances permitted under Rule 7 of the AIM Rules for Companies, any of their respective interests in Ordinary Shares at any time before 1 January 2011. This undertaking is more particularly set out in the lock-in agreement signed by all of the respective Locked-in Shareholders. Further details of the lock-in agreement are set out at paragraph 8.5.2 of Part VI of this Document.
Share Capital Not In Public Hands
16.7% of the issued share capital is not in public hands.
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