|
this page was last
updated 2 September 2008
The
following information has been disclosed for the purposes of Rule 26.
1
Description of business
Hambledon
Mining plc is a gold mining and exploration company which is developing
the Sekisovskoye gold deposit and owns the Ognevka processing plant, both
of which are close to Ust Kamenogorsk in East Kazakhstan. Its business is described in
detail in the introduction and projects sections of this website.
2
Directors and their responsibilities
The
board of directors of Hambledon Mining plc comprises three executive
directors and two non-executive directors. The current directors,
together with their biographical details, are set out in the
"Management" section of this website.
The
directors are responsible for formulating, reviewing and approving the
Group's strategy, budgets, major items of capital expenditure and senior
personnel appointments.
3
Committees of the board of directors and their responsibilities
Audit
Committee
The
audit committee currently comprises George Eccles (its Chairman) and
Christopher Thomas. It meets at least twice a year and is responsible for
considering the appointment and fees of external auditors, their cost
effectiveness, independence and objectivity and for ensuring that the
financial performance of the Group is properly reported and monitored.
The
audit committee liaises with the auditors and reviews the reports from
the auditors relating to the financial statements and internal controls.
Remuneration
Committee
The
remuneration committee comprises Christopher Thomas (its Chairman) and
George Eccles. The committee, which meets at least once per year, is
responsible for determining the contract terms, remuneration and other
benefits of the executive directors. The remuneration of non-executive
directors is determined by the board within the limits set out in the
Articles of Association.
None
of the Committee members has any personal financial interest in the
matters to be decided (other than as shareholders), potential conflicts
of interest arising from cross-directorships, or any day-to day
involvement in running the business.
The
Committee consults the Chief Executive about its proposals and has access
to professional advice from inside and outside the Company at the
Company's expense.
4
Country of incorporation and main country of operation
Hambledon
Mining plc is incorporated in the United Kingdom. It operates in Kazakhstan via three wholly owned,
Kazakh incorporated subsidiaries:
ТОО Горно-Рудное Предприятие Секисовсикое
(ТОО Gornorudnoe Predpriatie Sekisovskoye)
ТОО Алтай Кен-Байыту
(TOO Altai Ken-Baiytu)
ТОО Огневка
(TOO Ognevka)
5
Listing of shares
The
ordinary shares of Hambledon Mining Plc are listed on the Alternative
Investment Market of the London Stock Exchange ("AIM"). They
are not listed on any other market.
6 Related parties and restrictions on the transfer of shares
The
only parties related to the Company are its current directors. They and
their connected parties currently hold 93,341,052 ordinary shares in the
Company. There is 19.89 per cent. of the Company’s AIM securities
not in public hands. There are no restrictions on the transfer of the
Company’s AIM securities.
7
Shares in issue
There
are currently 469,189,233 ordinary shares of nominal value 0.1 pence each
in issue. There are no shares held in treasury.
At 1
August 2008, the following shareholders, each held over 3% of the company's
issued, ordinary share capital at that date.
|
|
Number of
Ordinary shares
|
Percentage held
|
|
Nicholas Bridgen
|
90,198,936
|
19.22
|
|
Blackrock Investment
Management
|
65,279,950
|
13.91
|
|
Alzhan Shomaev
|
21,521,232
|
4.59
|
|
AXA Framlington Investment
Management
|
20,156,915
|
4.30
|
|
Hermes Pensions Management
|
17,909,955
|
3.82
|
|
Majedie Asset Management
|
17,150,000
|
3.66
|
|
Aviva plc and Subsidiaries |
16,149,821 |
3.44 |
|
Morley Fund
Management
|
15,256,345
|
3.25
|
8
Key advisers
Nominated
adviser and broker
FAIRFAX I.S. PLC
46 Berkeley Square
London, W1J 5AT
Auditors
to the group
Deloitte
& Touche LLP
Hill House
1 Little New Street
London EC4A 3TR
Deloitte & Touche
Abay Avenue, 26a
Concord Business Center
Almaty, 050013
Kazakhstan
Independent
geological consultant
Roger
Rhodes B.Sc.M.Sc.MIMMM
Computer Resource Services
Datcha
Woolsery
Bideford
Devon EX39 5QT
9 Financial Information
Financial information,
including the most recent annual and interim reports, can be found on the
“Financials” section of this website.
10 Notifications
All notifications made by the
Company during the last 12 months can be found in the “Press”
section of the website.
11
Links to documents constituting the Company
Articles of association
Memorandum of association
AIM admission document
Notice
of AGM
|
