aim rule 26
The following information is disclosed in accordance with Rule 26 of the AIM Rules for Companies (“AIM Rule 26”).
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Last updated: 15 August 2007
1. Description of the Business and Investment Strategy
Shoprite Group P. L. C. is the holding company for a group of companies whose main activities are supermarket retailing and property investment
2. Names of Directors and Biographical Details
Deryck K. B. Nicholson : - (Chairman) d.o.b. 14 July 1946; Mr. Nicholson has been with the company since inception in 1972 having been involved with retailing all his career.
Ian A. R. Nicholson : - (Managing Director) d.o.b. 21 September 1947; Mr. Nicholson has also been with the company since inception in 1972 again having been involved with retailing all his career.
Geoffrey F. Karran: - (Deputy Chairman (Non Executive)) d.o.b. 7 August 1947; Mr. Karran is a qualified advocate, non-practicing, and has been a non-executive director with the company since 1974. He was previously, before retirement a partner in Dickinson, Cruickshank, the company's advocates.
Neil A. Cushing ACMA: – (Finance Director) d.o.b. 9 May 1968; Mr. Cushing joined the company in 2005 and was made Finance Director on 31 October 2005. He previously held various senior financial positions within the airline industry and software companies. He came to the Island in October 2002.
Clifford B. Houston: - (Trading Director) d.o.b. 27 May 1962; Mr. Houston joined the company as a director in January 2000. He had held senior positions previous to this with Stewarts Supermarkets Limited in N. Ireland and subsequently TESCO after their take-over of that company.
John Corlett : - (Non-Executive Director) d.o.b. 7 September 1946; Mr. Corlett joined the company in 2000 after retirement from Lloyds TSB Plc where he was the senior manager of the Isle of Man operation and dealt very closely with the company accounts with the Bank .
3. Board Committees and Responsibilities
All members of the Board serve on and have responsibility for the decisions of the Audit Committee and the Remuneration Committee
4 . Country of Incorporation and Main Country of Operation
The company was incorporated in the Isle of Man (company number IOM 935 ) and operates in that country
5 . Statement of Shareholder Rights
Investors should be aware that the company is incorporated in the Isle of Man and whilst it follows the Rules and Regulations of AIM it is governed by the Isle of Man Companies Acts.
6. Current Constitutional Documents
7 . Details of Other Exchanges or Trading Platforms on which the AIM Company has applied or agreed to have any of its securities admitted or traded
Shoprite Group P.L.C. is traded on AIM Market, LSE, and has a secondary trading facility on the PLUS Quoted market.
8 . Number of Shares in Issue and Shareholder Information
The total number of AIM Securities in issue is 74,190,389.
The percentage of AIM Securities currently not in public hands (as defined in the AIM Rules for Companies is 56.86 per cent
The following shareholdings are those of directors of the company and any other shareholder of 3% or more.
DKB Nicholson and IAR Nicholson both hold 275,695 Ordinary Shares each and GF Karran holds 434,995 Ordinary shares.
In addition, DKB Nicholson and IAR Nicholson are beneficially interested in the share capital of Nicholson Investments Ltd, Investment & Overseas Management and Beedon Ltd, each of which is a shareholder of the Company, together holding 42,182,700 Ordinary Shares.
At 4 April 2007 notification of holdings of 3% or more of the issued share capital had been received, in addition to those declared above, from H.T. Davis, holder of 2,850,000 shares and for South Quay Estates Ltd holder of 6,631,890 Ordinary Shares.
The Company does not hold any shares in treasury.
9. Details of any Restrictions on the Transfer of the Company's Securities
There are no restrictions on the transfer of the Securities.
10. Most Recent Annual Report and Interim Reports
11. Notifications and Announcements
12. AIM Admission Document and Related Circulars or Publications
The Company was admitted to the Official List in 1946 and on the subsequent move to A IM it was deemed exempt from producing a Listing Document. A market announcement of the move to AIM was made by RNS on 22 April 2004
13. Details of Nominated Adviser and other Key Advisers
Registrar
Computershare Investor Services ( Ireland ) Limited
Heron House
Corrig Road
Sandyford Industrial Estate
Dublin 18Auditors
KPMG Audit LLC
Heritage Court
41 Athol Street
Douglas
Isle of Man
IM99 1HNAdvocates
Dickinson Cruickshank
33 Athol Street
Douglas
Isle of Man
IM1 1LBBankers
Lloyds TSB Offshore Limited
Victory House
Prospect Hill
Douglas
Isle of Man
IM99 1AHAlliance & Leicester Commercial Bank plc
Bootle
Merseyside
G1R OAAStockbrokers
Shore Capital & Corporate Limited
The Atlantic Suite
Ground Floor
The Corn Exchange
Fenwick Street
Liverpool
L2 7RB
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