AIM Rule 26
This section of the website contains information required to be disclosed by Rule 26 of the AIM Rules for Companies. The Company does not intend documents posted or referred to in this section of the website to be used for any purpose beyond fulfilling its obligations under Rule 26. Any such documents may contain information which has become out of date, and accordingly no reliance should be placed on the information or opinions contained in any such document or on its completeness and no undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of the Company or any of its directors, officers, partners, employees, agents or advisers or any other person as to the accuracy or completeness of the information or opinions contained in any such document and no responsibility or liability is accepted by any of them for any such information or opinions. In addition, none of such documents constitutes or forms part of, any offer or invitation to sell, allot or issue or any solicitation of any offer to purchase or subscribe for any securities, nor shall it (or any part of it) or the fact of its publication form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment for securities. The distribution of any such document in other jurisdictions may be restricted by law and therefore persons into whose possession any such document comes should inform themselves about and observe any restriction.
Business Wessex Exploration PLC is a hydrocarbon exploration
company with projects offshore Guyane, Southern England,
Mozambique Channel and Western Sahara
Directors Frederik Dekker, David Bramhill, Andy Yeo Directors Biographies
Country of Incorporation England and Wales
Company Number 3793723
Main countries of operation Guyane, Southern England
Constitutional documents Memorandum and Articles of Association
Number of shares in issue 721,364,824
Number of shares held in the
Company in treasury None
Percentage of shares which is
not in public hands 23.33%
Significant shareholders and Bluebird Energy plc 64,743,934 - 9.00%
percentage shareholdings Frederik Dekker 97,271,506 - 13.52%
CQS Asset Management Limted 28,825,000 - 6.01%
Directors shareholdings Frederik Dekker 97,271,506 - 13.52%
David Bramhill 4,300,000 - 0.60%
Andy Yeo 1,500,000 - 0.21%
Restrictions on Upon admission to AIM, the directors and Bluebird Energy plc,
transfers of shares as a related party, have agreed that they will not sell or dispose
of, save in the circumstances permitted by the AIM rules, any
of their respective interests in the ordinary shares of Wessex
Exploration at any time before the first anniversary of Admission
(i.e. 23 March 2012)
There are no other restrictions on the transfer of shares
Half Yearly Report published Half Yearly Report for the Period ended since the Annual Report 31 December 2011
Notifications made in the last 12 months RNS Releases
Most recent admission document AIM admission document dated 23 March 2011 in connection AIM Admission Document
with the placing of 100,000,000 ordinary shares which were (high resolution)
admitted to AIM together with the rest of the issued share (low resolution)
capital of the Company on 23 March 2011
Circulars or similar publications Circular dated 28 October 2010 relating to an Open Offer Circular dated 28 October 2010
sent to shareholders in the last and Placing of 75,000,000 new ordinary shares in Wessex
12 months Exploration PLC
Details of any other exchanges None
or trading platforms on which
Wessex has applied or agreed
to have its shares admitted or traded
Nominated Adviser W H Ireland Limited www.wh-ireland.co.uk
Broker W H Ireland Limited www.wh-ireland.co.uk
Auditors Nexia Smith and Williamson www.nexiasmith.williamson.co.uk
Solicitors Ashfords LLP www.ashfords.co.uk
Public Relations Yellow Jersey PR Limited www.yellowjerseypr.com
Registrars Capita Registrars Limited www.capitaregistrars.com
Last updated: April 18, 2012
last updated: April 18, 2012
last updated: April 18, 2012
last updated: April 18, 2012
last updated: April 18, 2012
Corporate Governance
The Directors acknowledge the importance of the Combined Code and comply with its principles so far as is practicable and appropriate given the size and constitution of the Board.
The Group also complies with the principles of the Corporate Governance Guidelines for AIM Companies published by the Quoted Companies Alliance in 2005.
The Board has established audit and remuneration committees.
The audit committee receives and reviews reports from the management and the external auditors of the Group relating to the annual and half yearly accounts and the accounting and internal control systems of the Group. The audit committee has unrestricted access to the Group's external auditors.
The remuneration committee sets and reviews the scale and structure of the Executive Directors' and senior management's remuneration and the terms of their service contracts with due regard to the interests of shareholders. The remuneration and terms and conditions of appointment of the Non-Executive Directors are set by the board. No director or member of the senior management is permitted to participate in discussions or decisions concerning his own remuneration.
The Company has adopted a model code for dealing in Ordinary Shares by Directors and employees which is appropriate for an AIM quoted company.
