AIM Rule 26 Information (last updated 28 MAY 2008)
The following information is being disclosed for the purposes of AIM Rule 26.
Description of Company's Business
Finders Resources Limited was formed to harness the core skills and wide experience of its founders in exploration project selection, assessment and development of mining and mineral projects.
With two advanced projects, Finders is set to become a profitable mid-tier mining company and 2007 represents an exciting year targeting growth and value recognition as the projects progress towards production.
Company Directors
Executive Chairman
Dr Russell Fountain
Managing Director
Dr Chris Farmer
Non Executive Directors
Mr Stephen de Belle
Mr Stephen Lonergan
Alternate Director to Dr Fountain
Mr Ian Nuess
Company Secretary
Mr Ian Morgan
Corporate Governance
The Directors acknowledge the importance of the guidelines set out in the Combined Code on Corporate Governance (“Combined Code”). They therefore intend to comply with the Combined Code so far as is appropriate having regard to the size and nature of Finders. For further information on the corporate governance practices of Finders, refer to our Corporate Governance Summary.
Click here for detailed corporate governance information
Country of Incorporation
Australia
Main Country of Operation
Indonesia
Shareholders Rights
The rights of shareholders may be different from the rights of shareholders in a UK incorporated company.
Shareholders should refer to the company's constitutional documents (see below) for further details.
Company Constitution
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Stock Exchanges Finders Resources Limited is Listed On:
The company's securities are traded on the Australian Stock Exchange (ASX:FND) and the AIM Market of the London Stock Exchange (AIM:FND)
Capital Structure
click here for a lisitng of Major Shareholders and Directors Interests
Fully Paid shares: 74,729,607 as at 7 April 2008
The percentage of shares that is not in public hands is 25.18%
2,699,834 Options at an exercise price of 50 cents expiring 20 March 2009.
400,933 Options at an exercise price of 50 cents expiring 20 March 2009
1,322,881 Options at an exercise price of 24 UK pence expiring 22 March 2009
500,000 Options at an exercise price of 68.75 cents expiring 13 June 2010.
No securities are held as treasury shares.
SIGNIFICANT SHAREHOLDERS (>3%) (Updated 28 MAY 2008)
SHAREHOLDER |
% |
Shares |
| EXSOLUTIONS PTY LIMITED* |
7.83% |
5847869 |
| MR IAN DVAID NEUSS* |
7.68% |
5736543 |
| DR CHRISTOPHER BEN FARMER |
7.20% |
5381202 |
| HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED |
5.96% |
4455000 |
| LUJETA PTY LTD <THE MARGARET ACCOUNT> |
5.35% |
4000000 |
| MIT NOMINEES PTY LIMITED |
4.15% |
3099173 |
| HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED |
3.83% |
2860366 |
| TENNANT METALS PTY LIMITED |
3.13% |
2338388 |
| * and related parties |
|
|
Restrictions on Trading of Securities
Directors and senior mamangement have restrictions on their trading in securities as outlined in the Corporate Governance policy and the share trading policy, and follows regulations of both AIM and ASX regarding trading by Directors
The Company has established a policy that imposes certain restrictions on directors, senior management and other employees trading in the Company’s securities. The policy has been adopted to prevent trading in contravention of the insider trading provisions of the Corporations Act 2001, in particular when Company personnel are in possession of price-sensitive information.
In general, trading in the Company’s securities is prohibited:
whilst in possession of unpublished price sensitive information;
where officers are engaging in the business of active dealing;
two months before the release of the Company’s half yearly or annual report to the ASX and AIM
one month before the release of the Company’s quarterly report to the ASX and AIM; and
two weeks before lodgement and during the period that a disclosure document including a prospectus is open for applications except to the extent that a Director or employee is applying for securities pursuant to that disclosure document.
In addition the following shares are escrowed:
181,818 Ordinary fully paid shares owned by RFC Group Limited in escrow till 13 June 2009
Annual, Half Yearly and Quarterly Reports
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Please note quarterly reports are a requirement of the ASX Lisiting, and will be loaded to the website as and when they fall due. Quarterly reports have not been produced prior to June 2007. The December 2007 Quarterly Report is now availabe for download. The 2007 Annual Report is now available for download. The December 31 2007 half yearly report is now available for download
Company Announcements
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AIM Admission Document
Corporate Directory
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