AIM Rule 26

The following information is disclosed in accordance with Rule 26 of the AIM Rules, and was last updated on 26th June 2017.

Business description
Ortac Resources Limited is an AIM listed natural resources exploration & mine development company. For a full description of our business, please click here

Company announcements

For the full list of all our regulatory news announcements, please click here

Financial information
For access to the Company’s Financial Information, please click here

Details of any restrictions on the transfer of securities
There are no shares presently subject to lock in agreements and there are not currently any restrictions on the transfer of securities.

Share Information-Issue Share Capital
There are 148,801,654 shares in issue and no shares held in treasury.

Share capital not in public hands
21.80% of the Company's issued share capital is held by Director's and is 'not in public hands' as described by the AIM Rules.

AIM securities held, directly or indirectly (including via a related financial product) by:

(a) a related party;
(b) the trustees of any employee share scheme or pension fund established for the benefit of any directors/employees of the applicant/AIM company (or its subsidiaries);
(c) any person who under any agreement has a right to nominate a person to the board of directors of the applicant/AIM company;
(d) any person who is the subject of a lock-in agreement pursuant to rule 7 or otherwise; or
(e) the AIM company as treasury shares.

Details of exchanges or trading platforms
The Company's shares are traded on the AIM market of the London Stock Exchange. The Company has not applied or agreed to have its shares admitted to, or traded on, any other market.

Current constitutional documents
For Memorandum and Articles of Association and other constitutional documents, please click here

Financial Reports
The annual accounts published pursuant to rule 19 for the last three years or since admission and all half-yearly, quarterly or similar reports published since the last annual accounts pursuant to rule 18 can be seen here

Applicable Takeover Legislation or any Voluntarily Adopted Provisions

Ortac Resources Limited ("Ortac") is a company incorporated in the British Virgin Islands and therefore it is not subject to the UK City Code on Takeovers and Mergers. There are no similar protections afforded to its shareholders in the event of a takeover under the laws of the British Virgin Islands. However, Ortac has incorporated certain provisions in its articles of association which are exercisable in the discretion of the Board of Ortac and which give some protections broadly similar to Rule 9 of the UK City Code on Takeovers and Mergers.

Country of incorporation and main country of operation

Ortac Resources Ltd is incorporated and registered in the BVI with company number 1396532. Its countries of operation are Slovakia and Eritrea. The rights of Shareholders may be different from the rights of Shareholders in a UK incorporated company.

Board committees are as follows:


Remuneration Committee
The Remuneration Committee is responsible for making recommendations to the Board, on the remuneration of the Directors and senior executives’. It comprises of Mr Balme as Chairman and Mr Heber as a member.

Nomination Committee
The Directors do not consider that, given the size of the Board, it is appropriate to have a Nomination Committee. The appropriateness of such a committee will however, be kept under regular review by the Board.

Audit Committee
The Audit Committee is comprised of Mr Balme as Chairman and Mr Heber as a member.

For the list of Directors & Management responsibilities, please click here
For Ortac AIM Nominated Adviser and other advisers, please click here
For our details about our share price and major shareholders, please click here