International precious 
 metals exploration 
 company 

Company releases

  • Aug 17, 2016 Results of EGM and AGM
  • Aug 16, 2016 Interims 2016
  • Jul 15, 2016 The proposed changes to the Memorandum and to the Articles of Association

AIM Rule 26

The following information is disclosed in accordance with Rule 26 of the AIM and ESM Rules for Companies

 

Country of Incorporation

 

Ovoca Gold plc is incorporated in Ireland.  The Company is an AIM-quoted and ESM-quoted gold exploration and mine development company focused on gold and silver deposits in Russia. Our main country of operation is Russia, where our subsidiary has an office in Moscow, and operations in the Magadan region on the Pacific coast.

 

As the Company is an Irish company and is subject to the Irish Companies Acts, the rights of shareholders may be different to the rights of shareholders in a UK incorporated company.

 

Capital Structure

 

The capital of the Company is made up of Ordinary Shares. The authorised share capital of the Company is 120,000,000 Ordinary Shares of €0.125 each, of which 81,563,806 Ordinary Shares (excluding Treasury Shares) and 6,895,000 Treasury Shares were in issue as at 30/09/2015.

 

The percentage of shares not in public hands is approximately 45.12%.

 

So far as the Company is aware, the names of persons who, directly or indirectly, are interested in 3 percent or more of the issued share capital of the Company as at 13/10/2015 are as follows:

 

 

 

No. of €0.125 Ordinary Shares

% of Issued Share Capital (excl. Treasury Shares)

Kirill Golovanov

16,256,204

18.40%

Leonid Skoptsov

11,656,203

14.29%

Yuri Radchenko

11,656,202

14.29%

Hanover Nominees (URALSIB)

6,233,953

7.64%

Damille Investments II Limited 

4,807,100

5.89%

Citibank Nominees Limited

4,556,292

5.59%

Euroclear Nominees Limited

4,105,383

5.03%

Chase Nominees Limited

3,247,200

3.98%

 

 

There are no restrictions on the transfer of the shares of the Company. All of the Ordinary Shares in the Company are quoted on the ESM market of the Irish Stock Exchange and the AIM market of the London Stock Exchange.

 

Number of Options in Issue are 2,800,000

 

Ovoca is subject to the Irish Takeover Panel Act 1997, Takeover Rules, 2013 ("Takeover Rules")

 

Financial Reports:

Annual reports and half yearly reports of Ovoca can be found here

 

Regulatory Notifications:

For a list of regulatory notifications and shareholder circulars published by Ovoca click here

 

Directors:

For details of the Board of Directors of Ovoca click here

 

 

The Sub Committees of the Board:

There are two subcommittees of the Board of Directors.

 

The Remuneration Committee is made up of Mikhail Mogutov (Executive chairman) and Leonid Skoptsov (Non-executive). This Committee determines the contract terms, remuneration and other benefits of the Executive Directors, Chairman and Non-Executive Directors. Further details of Ovoca's policies on remuneration, service contracts and compensation payments are provided in the Remuneration Committee Report published in the Company's annual accounts.

 

The Audit Committee is made up of Kenneth Kuchling (Non-executive) and Don Schissel (Non-executive). The external auditors have the opportunity to meet with members of the Audit Committee without executive management present at least once a year. The duties of the Committee include the review of the accounting principles, policies and practices adopted in preparing the financial statements, external compliance matters and the review of the Group's financial results.

 

 

Advisers:

For details of Ovoca's nominated adviser and other advisers to the Company click here 

 

Memorandum & Articles

To view the Company's Memorandum and Articles click here.

AIM Admission Document

To view the Company's AIM Admission Document click here.


 

Our operations