Monday 06th Sep, 2010Investor Info cont.
The following information has been disclosed pursuant to Rule 26 of the AIM Rules for Companies. Updated January 2010.
Audit Committee
The Board is responsible for maintaining a strong system of internal control to safeguard shareholders’ investment and the Group’s assets and for reviewing its effectiveness. The system of internal financial control is designed to provide reasonable, but not absolute, assurance against material misstatement or loss.
Whilst the company operates as a cash shell with only two directors, no audit committee has been formed.
Remuneration Committee
Whilst the company operates as a cash shell with only two directors, no remuneration committee has been formed. The policy of the Board is to provide executive remuneration packages designed to attract, motivate and retain Directors of the calibre necessary to maintain the Group’s position and to reward them for enhancing shareholder value and return. It aims to provide sufficient levels of remuneration to do this, but to avoid paying more than is necessary. The remuneration will also reflect the Directors’ responsibilities and contain incentives to deliver the Group’s objectives.
Incorporation
Canisp Plc was incorporated in England and Wales on 12 August 2003 under Company Number 04863813 and the Company’s principle place of business is the UK.
Constitutional Documents
Articles of Association can be accessed here
Shares and Issue
The number of Ordinary shares in issue is 816,547,275 and there are no shares held in treasury. There are also 1,363,925,475 Deferred shares in issue. Deferred shares have extremely limited rights, are not listed and effectively have no value. Insofar as Canisp is aware, the percentage of AIM securities that is not in public hands is 51.25%.
| Corporate Services (TD Waterhouse) | 36.88% |
| Brewin Nominees (Channel Islands) | 24.68% |
| W B Nominees | 14.62% |
| JIM Nominees | 5.52% |
| Barclayshare Nominees Ltd | 3.30% |
Share Restrictions
There are no restrictions on the transfer of Canisp’s Ordinary shares.
Exchange / Trading Platforms
The securities of Canisp are traded on AIM, the market of that name operated by the London Stock Exchange Plc. Its shares have not been admitted, nor have any applications been made, for any of its shares to be admitted or traded on any other exchanges or trading platforms.
Financial Reports and News
All published annual reports and interim reports and AIM Admission document can be accessed here.
All notifications made by the Company in the last 12 months - a copy of the Company’s last 12 months of press releases can be accessed here