AIM Rule 26

The following information is disclosed in accordance with Rule 26 of the AIM Rules. It was last updated on 22/05/2018.

Description of business

The Company became a Rule 15 Cash Shell on 8 March 2018 and, as such, the Company is required to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 on or before the date falling six months from 8 March 2018, or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) failing which, the Company's Ordinary Shares would then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM would be cancelled six months from the date of suspension should the reason for the suspension not have been rectified. The Board is focused on examining opportunities for a suitable acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14.

Therefore with effect from 8 March 2018 Polemos is no longer an investing company. Furthermore it is NOT a PRIIP, UCITS or NURS and is therefore NOT required by the FCA to prepare a Key Investor Information Document (KID or KIID).
The names of directors and biographical details
 Please click here for the names of the directors and brief biographical details of each.
Directors responsibilities and committees
Please click here for details of the directors responsibilities and committees.
Country of incorporation and main country of operation
Polemos plc is incorporated in England and Wales with the company number 04606754. Its main country of operation is the UK.
Memorandum and Articles of Association
Corporate Governance Code

In April 2018, the Quoted Companies Alliance (QCA) published an updated version of its Code which provides UK small and mid-sized companies with a corporate governance framework that is appropriate for a Company of our size and nature. The Board considers the principles and recommendations contained in the QCA Code are appropriate and has therefore chosen to apply the QCA Code. The updated 2018 QCA Code has 10 principles that should be applied.  Each principle, together with an explanation of how the Company applies or otherwise departs from each of the principles, can be found by clicking on the pdf symbol above.

Share Dealing Code

The Board has adopted a code for dealings in the Company’s securities by Directors or applicable employees which conforms to the requirements of the AIM Rules for Companies (“Share Dealing Code”). The Company will be responsible for taking all proper and reasonable steps to ensure compliance by the Directors and applicable employees with the Share Dealing Code and the AIM Rules for Companies. The Board also confirms the Company is compliant with the Market Abuse Regulations (“MAR”).

Takeovers and Mergers

The Company is subject to the UK City Code on Takeovers and Mergers.

Details of any other exchanges or trading platforms
Polemos plc is quoted on AIM. The Company has not applied or agreed to have its securities listed on any other exchanges or trading platforms.
Number of securities in issue

118,079,093. There are no shares held in treasury.  Percentage of securities not in public hands is 39.4%.

 

Details of any restrictions on the transfer of securities
There are no restrictions on the transfer of shares except for any restrictions imposed by virtue of compliance with the AIM rules.
Advisors
Please click here for details of the Company’s Nominated Adviser and other key advisers.
Significant shareholders as at 26/06/2018
Shareholder  No. of Shares  % Voting Rights
JIM NOMINEES LIMITED 12,582,564
10.7%
NIGEL BURTON 11,830,835
10.0%
HARGREAVES LANSDOWN (NOMINEES) LIMITED
9,297,229
7.9%
KAVI DHANA
8,641,450
7.3%
BARCLAYS DIRECT INVESTING NOMINEES LTD
7,886,285
6.7%
ALLIANCE TRUST SAVINGS NOMINEES LTD
6,819,258
5.8%
PEEL HUNT HOLDINGS LIMITED
4,883,390
4.1%
NEIL SCOTT 4,750,000
4.0%
VIDACOS NOMINEES LIMITED
4,546,238
3.9%
FISKE NOMINEES LIMITED
WINTERFLOOD SECURITIES LIMITED
INTERACTIVE INVESTOR SERVICES LIMITED
INTERACTIVE INVESTOR SERVICES LIMITED
3,775,000
3,673,737
3,610,882
3,586,209
3.2%
3.1%
3.1%
3.0%

AIM admission document and circulars
Please click here for details of the Company’s most recent admission document.
Please click here for the latest circulars sent to shareholders within the past 12 months.
Takeovers & Mergers
The company is subject to the UK City Code on Takeovers and Mergers
News notifications In the last 12 months
Please click here to see all of our latest news announcements.