AIM Rule 26
Description of the Business
Serinus Energy plc is an international oil company incorporated in Jersey, Channel Islands. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.
Countries with operations: Romania and Tunisia.
Through our large and extensive land base, the Company has identified a significant future opportunity set that provides growth beyond our existing production and development projects.
The management of Serinus has extensive experience and a proven track record of prudent oversight in the allocation of shareholder capital.
Directors
Terms of Reference – Board of Directors
Terms of Reference – Audit Committee
Terms of Reference – Environmental, Social & Governance Committee
Terms of Reference – Remuneration Committee
Terms of Reference – Reserve Evaluation Committee
Terms of Reference – Chairman of the Board
Terms of Reference – Chief Executive Officer
Constitutional Documents
Memorandum and Articles of Association
Notifications
Stock Information
The Company has 114,066,073 ordinary shares outstanding.
As of 20 February 2024, there are 2,011,515 shares held in Treasury. The percentage of shares not held in public hands is 3.62%.
There are no restrictions on the trading of the Company’s ordinary shares.
As of 20 February, significant shareholders of the Company are Xtellus Capital Partners Inc (10.02%), CRUX Asset Management (8.42%), Michael Hennigan (7.94%), Quercus TFI SA (7.18%), Marlborough Fund Managers (4.15%), and Spreadex LTD (4.10%).
Notification of Major Holdings
The Company’s ordinary shares are listed on AIM (Symbol: SENX.LN) and the Warsaw Stock Exchange (Symbol: SEN.WP).
ISSUER: SERINUS ENERGY PLC
DESCRIPTION: ORD NPV
SEDOL: BNNMKT2
ISIN: JE00BNNMKT29
OPOL: XLON
CFICODE2015: ESVUFR
FISN: SERS ENER/NPV VTG FPD
CUSIP NUMBER: G8052E 102
Shareholder Circulars
Information Circular 2018 Continuance
Shareholder Information
Shareholder RIGHTS
As the Company is incorporated in Jersey, the rights of shareholders may be different from the rights of shareholders of a UK incorporated company.
Corporate Governance
The Company’s follows the Quoted Companies Alliance (“QCA”) Corporate Governance Code for Mid-Size Quoted Companies. The Board considers the principles and recommendations contained in the QCA Code in the context of its business and implements these in a manner which is appropriate for the size, and current stage of development of the Company, reflective of the expectations of our shareholders. As of 11 May 2023, the Company fully complies with the QCA code.
The Company will hold regular board and committee meetings throughout the year at which reports relating to the Group’s operations, together with financial reports, will be considered. The Board is responsible for formulating, approving, and reviewing the Group’s strategy, budgets, major items of expenditure, and senior personnel appointments. The Board may engage external advisors as required and will disclose the role of all external advisors at such time.
Statement of Compliance with QCA Corporate Governance Code
Appointment of Non-executive Directors
UK City Code on Takeovers
The Company is subject to UK City Code on Takeovers.
Advisors
| Nominated Adviser and Broker | Shore Capital Stockbrokers Limited 57 St James's Street London, SW1A 1LD, United Kingdom |
| Competent Person | Gaffney, Cline & Associates Second Floor, Building M3 Millennium Centre, Crosby Way Farnham, Surrey, GU9 7XX, United Kingdom |
| Jersey Solicitors to the Company | Mourant Ozannes (Jersey) LLP 22 Grenville Street St Helier, Jersey, JE4 8PX, Channel Islands |
| English Solicitors to the Company | McCarthy Tétrault, Registered Foreign Lawyers & Solicitors 1 Angel Court, 18th Floor London, EC2R 7HJ, United Kingdom |
| Polish Solicitors to the Company | T. Studnicki, K. Płeszka, Z. Ćwiąkalski, J. Górski sp.k. Oddział w Warszawie ul. Jabłonowskich 8 31-114, Kraków, Poland |
| Auditors | PKF Littlejohn LLP 15 Westferry Circus Canary Wharf London, E14 4HD, United Kingdom |
| Registered Office | Fairway Trust Limited 2nd Floor, The Le Gallais Building 54 Bath Street St.Helier, Jersey, JE1 1FW, Channel Islands |
This page was last updated on 20 February 2024.