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.
The Company has 217,318,805 ordinary shares outstanding.
As of 18 May 2018, there are no shares held in Treasury. The percentage of shares not held in public hands is 43.97%.
There are no restrictions on trading of the Company’s ordinary shares.
As of 18 May 2018, significant shareholders of the Company are Kulczyk Investments SA (holds 38.77% of the outstanding shares), Marlborough Fund Managers (7.67%), JCAM Investments Ltd. (5.78%), Pala Investment Holdings Limited (5.18%), and Quercus TFI SA (5.05%).
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
FISN: SERS ENER/NPV VTG FPD
CUSIP NUMBER: G8052E 102
As the Company is incorporated in Jersey, the rights of shareholders may be different from the rights of shareholders of a UK incorporated company.
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 18 May 2018, 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.
UK City Code on Takeovers
The Company is subject to UK City Code on Takeovers.
|Nominated Adviser and Joint Broker||Numis Securities Limited|
The London Stock Exchange Building
10 Paternoster Square London
|Joint Broker||GMP FirstEnergy |
85 London Wall
London EC2M 7AD
|Competent Person||RPS Energy Canada Ltd|
555-4th Avenue S.W.
Calgary, Alberta T2P 3E7
|English Solicitors to the Company||McCarthy Tétrault, Registered Foreign Lawyers & Solicitors|
125 Old Broad Street
London EC2N 1AR
|Canadian Solicitors to the Company||McCarthy Tétrault LLP|
PO Box 48, Suite 5300
Toronto-Dominion Bank Tower
Toronto, Alberta M5K 1E6
|Jersey Solicitors to the Company||Mourant Ozannes|
22 Grenville Street
|Polish Solicitors to the Company||T. Studnicki, K. Płeszka, Z. Ćwiąkalski, J. Górski sp.k.|
Oddział w Warszawie
ul. Złota 59, 00-120
205 5th Avenue SW
Calgary AB T2P 4B9