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 94 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
Audit and remuneration committees
The members of the audit committee comprise John McLean, (Chairman), Nicholas Smith and Susan Chong. 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 members of the remuneration committee comprise Nicholas Smith (Chairman) and John McLean. 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 6p each in the capital of the Company | 38,563,500 |
Percentage of AIM Securities not in public hands
91.6% of shares are not in public hands
Significant Shareholders
| Prime Mega International Ltd | 52.28% |
| Albany Capital Plc | 17.83% |
| Hermes Capital Ltd | 5.76% |
Restrictions of Trading Securities
There are no restrictions on the transfer of Sorbic International Plc securities
Additional information
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
Key Advisors
| Company Secretary | Nigel Cartwright |
| Registered Office | 17 Hanover Square London W1S 1HU |
| Company Number | 06280431 |
| Nominated Advisor and Broker | FinnCap Markets 4 Coleman Street London EC2R 5TA |
| Solicitors to the Company - London | Stephenson Harwood One, St Pauls Churchyard London EC4M 88H |
| Auditors to the Company Mazars | 3 Sheldon Square London W2 6PS |
| Registrars | Computershare Investor Services Plc The Pavilions Bridgewater Road Bristol BS13 8AE |
Last updated 02 Nov 2011