AIM Rule 26
The following information is disclosed in accordance with Rule 26 of the AIM Rules for Companies (February 2007):
Description of the business
Sierra Rutile Limited is a mining company with operations in the Republic of Sierra Leone. The Group is one of the country's largest employers and produces three commodities, rutile and ilmenite, for use in industrial applications.
Last updated 24 February 2011
The names of directors and biographical details
Information on the directors can be viewed here.
Last updated 21 February 2011
Directors’ responsibilities
The Board is responsible for creating shareholder value by setting and implementing strategy in accordance with the best interests of the company.
Last updated 17 August 2007
Board Committees
The Directors have established an audit committee, a governance committee and a nomination and remuneration committee. The audit committee is chaired by Dr. Entrekin and consists of Mr. Barton and Mr. Colette, all Non-Executive Directors. The governance committe is chaired by Dr. Entrekin and comprises Mr. Colette and Mr. Castro, all Non-Executive Directors. The nomination and remuneration committee is chaired by Mr. Barton and comprises Mr. Kamara and Mr. Colette, all Non-Executive Directors.
Additionally a strategic review committe has been set up to assess the stratecic review. The strategic review committe is chaired by Mr. Brown and consists of Mr. Castro, Mr. Entrekin and Mr. Kamara, all Non-Executive Directors.
Last updated 18 July 2011
Country of Incorporation and main country of operation
British Virgin Islands and Sierra Leone.
Last updated 17 August 2007
A statement that the rights of shareholders may be different from the rights of shareholders in a UK incorporated company
As the Company is incorporated in the British Virgin Islands, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.
Last updated 17 August 2007
Current constitutional documents
Articles and Memorandum of Association
Last updated 23 February 2011
Details of any other exchanges or trading platforms
The company's shares are traded on AIM. There are no other exchanges or trading platforms on which the company has applied or agreed to have its shares admitted or traded.
Last updated 17 August 2007
Number of securities in issue
The table below includes, in so far as the company is aware, the percentage of AIM securities that is not in public hands together with the identity and percentage holdings of its significant shareholders. In so far as the company is aware, the percentage of AIM Securities not in public hands is 26.33 percent.
|
Shareholder |
Number of ordinary shares | Percentage Holding |
| Pala Investment Holdings Limited AG | 275,507,864 | 54.10% |
| M&G Investment Management Limited | 99,400,000 | 19.52% |
| JPMorgan Asset Management Limited | 44,900,276* | 8.82% |
| Investec Asset Management Limited | 26,000,000 | 5.11% |
| Other | 63,096,860 | 12.45% |
| Total Outstanding | 509,255,000 | (100) |
*As disclosed by JPMorgan and including shares taken in February 2011 Placing
Last updated 1 December 2011
Details of any restrictions on the transfer of securities
The Company confirms that there are no restrictions on the transfer of securities.
Last updated 17 August 2007
Financial information
Annual and interim reports
Last updated 5 September 2011
Company announcements
Announcements within last 12 months
Last updated 30 January 2012
Admission document and circulars
Admission Document(1.9M)
Last updated 16 June 2011
Advisers
Nominated Adviser & Stockbrokers
Collins Stewart Europe
88 Wood Street
London EC2V 7QR
Telephone: +44 (0)20 7523 8000
Joint Brokers
Mirabaud Securities
33 Grosvenor Place
London SW1X 7HY
Telephone: +44 (0)20 7321 2508
Solicitors
Olswang
90 High Holborn
London
WC1V 6XX
DX 37972 KINGSWAY
Telephone: +44 (0)20 7067 3000
Communications
Aura Financial
The Economist Plaza
27 St James's Street
London SW1A 1HA
Telephone: +44 (0)20 7321 0000
Last updated 19 May 2011