AIM Rule 26

AIM Rule 26 information

The following information is being provided for the purposes of AIM Rule 26. Last updated on 19 September 2019.

The Company is not subject to the UK City Code on Takeovers and Mergers but is subject to the Australian Corporations Act.

  • Description of Business & Director’s Requirements

    Click here for Company Profile
    Click here for Key People

  • Responsibilities of Management

    Click here for Governance Statement

  • Incorporation

    The Company was incorporated in Australia on 17 September 1982.

    Click here to view the Company's constitution

  • Rights of Shareholders

    As the Company is not incorporated in the UK, the rights of shareholders may be different from the rights of shareholders in a UK incorporated Company. Shareholders should refer to the Company's constitution for further details.

  • Stock Exchange Listings

    The Company is listed on AIM, a market operated by the London Stock Exchange (AIM: STA). 

    Shares currently in issue: 117,806,629.

  • Significant Shareholders

    Shares currently in issue: 117,806,629 (100%).

    Significant shareholders (above 3% shareholding):

    1. Beijing Sibo Investment Management LP - 20.8%
    2. LandOcean Energy Services Co. Ltd - 14.8%
    3. Sramek BioDynamics Holdings Limited - 13.0%
    4. Interactive Investor Services Nominees Limited <Smktnoms> - 6.0%
    5. Abraham Limited - 6.0%
    6. Barclays Direct Investing Nominees Limited <Client1> - 4.7%
    7. Interactive Investor Services Nominees Limited <Smktisas> - 4.1%

            There are no shares held as treasury shares. 

            48.6% of the Company’s securities are not in public hands, defined as being beneficial holdings of shares held by shareholders holding above 10% and the directors holdings.

            There are no restrictions on the transfer of the Company's AIM securities.

          1. Financial Reports

          2. Announcements

            Click here for Announcements

          3. Advisors

            Click here for Advisors

          4. Corporate Governance Code

            The Board has adopted the QCA Corporate Governance Code for Small and Mid-Size Quoted Companies (the “QCA Code”). The Company's Corporate Governance Statement can be found here. The Corporate Governance Statement is reviewed annually. The last review was completed on 25 November 2019.

            Further information about the Company’s corporate governance practices can be found on the Company’s website, under the section marked “Corporate Governance”.