The following information is disclosed in accordance with Rule 75 of the NEX Rules and was last updated on 14/09/2018.
Company Information
The Directors intend to seek to acquire a direct and/or an indirect interest in businesses involved in agriculture generally and the production, processing, logistics and distribution of agricultural produce.
The Company will initially focus on opportunities in Europe, Africa and the Middle East but will consider possible opportunities anywhere in the world.
The Company may invest by way of purchasing quoted shares in appropriate companies, outright acquisition or by the acquisition of assets, including the intellectual property, of a relevant business, or by entering into partnerships or joint venture arrangements. Such investments may result in the Company acquiring the whole or part of a company (which in the case of an investment in a company may be private or listed on a stock exchange, and which may be pre-revenue), and such investments may constitute a minority stake in the company, partnership and/or joint venture in question. The Company will not have a separate investment manager.
AfriAg is incorporated in the Isle of Man and its main country of operation is the UK. The rights of AfriAg shareholders may be different from the rights of shareholders in a UK incorporated company. The company is admitted to trading on the NEX Exchange.
Governance Information
Directors names and biographies.
Directors responsibilities and committees.
Share Information
Number of securities on issue
1,761,001,037 ordinary shares at 0.1p each.
Significant Shareholders
Name | Shares | % |
---|---|---|
PERSHING NOMINEES LIMITED - JGCLT | 238,000,000 | 13.52% |
VIDACOS NOMINEES LIMITED | 229,750,000 | 13.05% |
PERSHING NOMINEES LIMITED - LSCLT | 137,007,714 | 7.78% |
MR. PAUL DE ROBILLARD | 100,000,000 | 5.68% |
BARCLAYS DIRECT INVESTING NOMINEES LIMITED | 97,035,057 | 5.51% |
JIM NOMINEES LIMITED | 96,524,091 | 5.48% |
BEAUFORT NOMINEES LIMITED | 78,542,807 | 4.46% |
THOMAS GRANT AND COMPANY NOMINEES LIMITED | 75,000,000 | 4.26% |
W B NOMINEES LIMITED | 65,570,000 | 3.72% |
HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED | 55,000,000 | 3.12% |
David Lenigas, Donald Strang and Hamish Harris each hold options over 13,000,000; 13,600,000 and 13,600,000 ordinary shares respectively, exercisable at 0.1p at any time up to 31 December 2020.
Percentage of securities in public hands pursuant to the NEX Exchange Rules for Issuers: 33.04%
NEX Exchange Rules for Issuers defines securities “in public hands” as:
All shares not held by related parties (including directors, shadow directors, family, and connected persons), relevant employees, locked-in persons, and persons or persons acting in concert who have an interest in five per cent or more of the relevant class of shares. Shares permitted to be held in treasury are not counted as shares in public hands.
There are no shares held in treasury.
There are no restrictions on the transfer of AfriAg’s securities.
Additional Information
Articles of Association
Company Advisers
RNS News Announcements
Prospectus and admission to AIM and Annual reports, interim reports and analyst presentations
Corporate Governance Code
The Company has taken steps to ensure that, where practicable for a Company of its size, the principals of good governance and code of best practice (the “Combined Code”) will be complied with.
Takeovers and Mergers
The company is not subject to the UK City Code on Takeovers and Mergers.