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AIM RULE 26

The information disclosed in these investor relations web pages are in accordance with Rule 26 of AIM Rules for Companies. All information relating to Rule 26 compliance can be found on this page. Where the information is not found, a reference to its location can be found as a web link.

Company Information

Description of business

Sorbic International, based in the Chinese province of Shandong in the People’s Republic of China, a region with a population of circa 97 million, is involved in the production and sale of the food preservative sorbates.

Country of incorporation and main country of operation

Sorbic International Plc is incorporated in the UK. Sorbic International Plc business operations are currently located at facilities in Linyi City, which are in the PRC’s central Shandong province. Sorbic International Plc registered office is 17 Hanover Square, London, W1S 1HU, United Kingdom.

Governance Information

Directors’ names and biographies

Takeover Code

The Company complies with the requirements of the Corporate Governance Code for Small and Mid-Sized Quoted Companies 2013 published by the Quoted Companies Alliance from time to time, to the extent the directors consider it appropriate given the Company’s size and nature.

The Company is subject to the City Code on Takeovers and Mergers, as published by the Panel on Takeovers and Mergers and updated from time to time.

Audit and remuneration committees

The audit committee has primary responsibility for monitoring the quality of internal controls and ensuring that the financial performance of the Group is properly measured and reported on. In addition, it receives and reviews reports from the Company’s management and auditors. The audit committee does meet not less than three times in each financial year and has unrestricted access to the Company’s auditors.

The remuneration committee, amongst other things, makes recommendations to the Board on matters relating to the remuneration of the chief executive officer and other executive directors. The remuneration committee also makes recommendations to the Board on proposals for the granting of share options and other equity incentives pursuant to any share option scheme or equity incentive scheme in operation from time to time.

The Nomination Committee consists of the entire Board, chaired by the Company’s Chairman. The Nomination Committee considers the selection and re-appointment of Directors. It identifies and nominates candidates to fill Board vacancies and reviews regularly the structure, size and composition (including the skills, knowledge and experience) of the Board and makes recommendations to the Board with regard to any changes.

Share information

Number of AIM Securities in issue

Ordinary shares of 0.01p each in the capital of the Company 65,654,551

Percentage of AIM Securities not in public hands

91.6% of shares are not in public hands

As at 30th March 2015, significant shareholders with more than 3% holding in the Company were:

Prime Mega International Limited 30.71%
Les Allan 9.39%
Walker Crips 5.63%
Hermes Financial Group (BVI) Limited 5.63%
Westminster Enterprises Limited 4.97%
Peel Hunt LLP 4.84%
The 181 Fund (Jersey) Ltd 4.30%
John & Renate Gunn 3.82%

Restrictions of Trading Securities

There are no restrictions on the transfer of Sorbic International Plc securities

Additional information

Regulatory news

Contacts and advisors

Constitutional Documents

Click here to download the Sorbic International Plc Articles of Association (PDF)

Click here to download the Sorbic International Plc Memorandum of Association

Admission to AIM

Click here to download admission document published on 4 September 2008

Annual and Interim Financial Statements

Click here for the latest annual and interim statements

Convertible Loan Note Instruments

Click here to download Part 1 of the A Loan Note document published on 27 August 2010

Click here to download Part 2 of the A Loan Note document published on 27 August 2010

Click here to download Part 1 of the B Loan Note document published on 24 February 2011

Click here to download Part 2 of the B Loan Note document published on 24 February 2011

Click here to download Supplemental Deed to Convertible Loan Note Instrument published on 24 February 2011

Click here to download A Loan Note Signed Resolutions on 21 March 2013

Click here to download B Loan Note Signed Resolutions on 21 March 2013

Click here to download A Loan Note document published on 25 March 2013

Click here to download B Loan Note document published on 25 March 2013

Key Advisors

Company Secretary Nigel Cartwright
Registered Office 17 Hanover Square London, W1S 1HU
Company Number 06280431
Nominated Advisor and Broker finnCap Limited, 60 New Broad Street, London EC2M 1JJ
Solicitors to the Company - London Stephenson Harwood LLP, 1 Finsbury Circus, London EC2M 7SH
Auditors to the Company Mazars Crowe Clark Whitehill LLP, St. Bride’s House, 10 Salisbury Square, London EC4Y 8EH
Registrars Computershare Investor Services plc, PO Box 82, The Pavilions, Bridgewater Road, Bristol, BS99 6ZZ

Last updated 21 Apr 2015