Shares in the company are not traded on any trading platform other than AIM.
PME is an Isle of Man incorporated company and as such the rights and obligations of shareholders may vary from those of a UK incorporated company. The group operates principally from Isle of Man and various countries in Africa. Except as stated below, shares in PME are not subject to any restriction in respect of transfer and are transferable free of charge.
As at 14 December 2016, 48% of PME African Infrastructure Opportunities plc shares were not in public hands based on the total voting rights of 40,973,236.
The Directors may refuse to accept a transfer of the company’s shares (other than pursuant to a normal stock exchange transaction) if they believe that the transfer was executed where:
the shareholder concerned did not act of his own volition;
the transfer was executed pursuant to a confiscating or expropriatory act of a foreign authority; or
the transfer was executed pursuant to compulsory transfer under the laws of a foreign jurisdiction for no consideration or for a consideration which would be regarded as inadequate in normal business practice.
Shares held in certificated form may be transferred by written transfer in a form acceptable to the directors of PME. Shares held in uncertificated form may be transferred in accordance with the practices of the relevant system. Any written instrument of transfer must be signed by or on behalf of the transferor and the transferee. The registration of transfer of shares may be suspended and the share register closed for not more than 30 days in any year.
Pursuant to AIM Rule 17, PME must notify the market without delay of any change to any legal or beneficial interest, whether direct or indirect, (a “holding”) in 3% or more of the shares of PME which increases or decreases any such holding through any single percentage. Shareholders are requested to notify the company of any such changes in their holdings so that PME will be able to comply with this requirement.
Statutory disclosure of significant shareholdings may be different from the AIM Rules requirement referred to above and accordingly may not always enable PME to comply with this requirement. However, shareholders are reminded of the notification requirements set out in article 77 of PME’s articles of association, their compliance with which should enable PME to comply with the AIM Rules requirement referred to above.
The information included on this website is disclosed pursuant to Rule 26 of the AIM Rules for Companies published by the London Stock Exchange and was last updated on 14th December 2016.