The Company will hold regular board meetings. The Directors will be responsible for formulating, reviewing and approving the Company’s strategy, budget and major items of capital expenditure. The Directors have established an audit committee (the “Audit Committee”), a remuneration committee (the “Remuneration Committee”) and a nomination committee (the “Nomination Committee”) with formally delegated rules and responsibilities.
Each of these committees will meet as and when appropriate save in the case of the Remuneration and Audit committees which will meet at least three times each year. The Audit Committee will comprise Nigel Payne, Joanne Lake and Suki Thompson; chaired by Joanne Lake. The Audit Committee will, inter alia, determine and examine matters relating to the financial affairs of the Company including the terms of engagement of the Company’s auditors and, in consultation with the auditors, the scope of the audit. It will receive and review reports from management and the Company’s auditors relating to the half yearly and annual accounts and the accounting and the internal control systems in use throughout the Group.
The Remuneration Committee will comprise Nigel Payne, Joanne Lake and Suki Thompson; chaired by Suki Thompson. The Remuneration Committee will review and make recommendations in respect of the Directors’ remuneration and benefits packages and that of senior employees, including share options and the terms of their appointment. The Remuneration Committee will also make recommendations to the Board concerning the allocation of share options to employees under the SAR Scheme.
The Nomination Committee will comprise Suki Thompson, Nigel Payne and Joanne Lake; chaired by Nigel Payne. The Nomination Committee will monitor the size and composition of the Board and the other Board committees, be responsible for identifying suitable candidates for board membership and monitor the performance and suitability of the current Board on an ongoing basis.
Country of Incorporation
The Company was incorporated and registered in England and Wales on 13 November 2014 under the Companies Act 2006 (as amended) as a private company limited by shares with the name Ensco 1101 Limited and with registration number 09310078. On 26 May 2015, the Company re-registered as a public limited company under the name Gateley (Holdings) Plc.
Corporate Governance and Takeover Code
The Board fully supports the underlying principles of corporate governance contained in the Corporate Governance Code, notwithstanding that, as its securities are not listed on the Official List, it is not required to comply with such recommendations. It has sought to comply with the provisions of the Corporate Governance Code, insofar as is practicable and appropriate for a public company of its size and nature, and recognises its overall responsibility for the Company’s systems of internal control and for monitoring their effectiveness.
The Company is incorporated in the UK and is subject to the UK City Code on Takeovers and Mergers.
Neil Andrew Smith, FCCA
Articles of Association
Details regarding the transfer of shares are set out in the Company’s Articles of Association.
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AIM Securities in issue
Issued Share Capital: The total number of Gateley ordinary shares of 10p each in issue is 110,860,789
Shares held in Treasury: None
Shares not in public hands: The total number of Gateley ordinary shares of 10p each not held in public hands is 65,216,243 (60.1%)
|Shareholder||Number of Ordinary Shares||Percentage of Enlarged Share Capital|
|Miton Asset Management||5,868,759||5.41%|
|Unicorn Asset Management||5,687,048||5.24%|
|Peter Davies* (COO)||2,660,104||2.45%|
|Michael Ward* (CEO)||2,631,204||2.43%|
*Includes connected person
Exchanges or trading platforms
Exchanges: Gateley shares are quoted and traded on the Alternative Investment Market (AIM) of the London Stock Exchange
The Company is not listed on any other exchanges or trading platforms.
Details of any restrictions on the transfer of securities
There are no restrictions on the transfer of securities.
Latest Financial Reports
Please click here to view the Admission document.
Circulars to Shareholders
No circulars have been issued to shareholders.
Nominated Advisor and Broker
Cantor Fitzgerald Europe
One Churchill Place
London E14 5RB
Arden Partners Plc
125 Old Broad Street
Capita Registrars Limited
34 Beckenham road
Kent BR3 4TU
Grant Thornton UK LLP
Colmore Business Queensway
West Midlands B1 6AT
Last updated – 17 July 2018