Investors
Following an open offer in 2017 the majority of the issued share capital of the Company is owned by Rich Pro International Limited. There are many small shareholders who did not accept the offer by RPI at that time. Additionally, there are a number of shareholders with significant holdings who are engaged in dialogue with both the Board and Rich Pro with a view to ensuring that the interests of minority shareholders are not overlooked.
The Board is committed to looking to the interests of all stakeholders, including shareholders both large and small. Whilst the shares remain unlisted there is no open market for dealing in shares.
Steps are underway for paper certificates in respect of shareholdings which were formerly held electronically under CREST to be issued to shareholders. There are no immediate plans to return funds to shareholders or to wind up the Company and there are no immediate plans to seek a re-listing of the shares on AIM or any other stock exchange.
General meetings
Annual General Meetings (AGM) of the Company have not been held since 2016 owing to the Administration. As soon as the Directors are able to lay an annual report and accounts before shareholders an AGM will be convened.
The date, time and place of any General Meeting will be circulated to shareholders and detailed upon this website. Owing to continued travel restrictions it is possible that the full board of directors may not be present in person and a virtual meeting may be held instead.
Financials
Accounts and financial statements for the Group and the company were not prepared during the Administration. The Directors are engaged in the preparation for audit of financial statements of the Company and these will be circulated to members as soon as they are complete and an Annual General Meeting convened.