| |
Outstanding at 18 May 2010 |
AIM Code |
ISIN Code |
| Ordinary Shares |
75,001,463 |
IGC |
GB00B0P8RJ60 |
| Warrants |
14,998,537 |
IGCW |
GB00B0P8RS51 |
The Company’s share capital comprises of Ordinary Shares. Warrants were issued
on admission to Shareholders on the basis of one Warrant for every five
Ordinary Shares issued.
Ordinary Shares
75,000,000 ordinary shares of 1p each were in issue following admission on 22
December 2005. 63 ordinary shares were allotted with effect from 21 May 2009
and 1,400 ordinary shares were allotted on 18 May 2010 in each case following
the exercise of warrants.
Each share carries one vote and ordinary shareholders are entitled to dividends
when declared. Full details of the rights of ordinary shareholders are set out
in the Admission Document. Shareholders should be aware that as the company is
incorporated in Guernsey these rights may be different to the rights of
shareholders in a UK incorporated company.
Warrants
Warrants were issued on admission to ordinary shareholders on a 1 for 5 basis.
15,000,000 warrants were outstanding on 22 December 2005, of which 14,998,537
remained in issue at 18 May 2010.
Each Warrant confers the right to subscribe for one Ordinary Share at a
subscription price of 100 pence. Warrantholders will be entitled to exercise
their subscription right between four and eight weeks following publication of
the Company's annual accounts, commencing with the publication of the Company's
annual accounts in 2009 and ending with the publication of the Company's annual
accounts in 2011. Warrants in respect of 63 shares were exercised during
the first excercise period which ran from 23 April 2009 to 21 May 2009 and in
respect of 1,400 shares during the second exercise period which ran from 12
April 2010 to 11 May 2010. Due notice will be sent to registered warrantholders
prior to the final exercise period in 2011.
Substantial Interests
At 03 March 2010, 29.89% of the Ordinary Shares were not in public hands under
the AIM Rules. Shareholders who at that date held an interest of 3% or more of
the Ordinary Share Capital of the Company are set out in the table below.
| |
No. Shares |
% Holding |
| Caledonia
Investments Plc. |
17,983,830 |
23.98 |
|
Sofina Multi-Strategy SICAF FIS |
5,000,000 |
6.67 |
| Nortrust
Nominees Limited |
4,602,690 |
6.14 |
|
Goldman Sachs Securities (Nominees) Limited |
4,206,085 |
5.61 |
|
Pershing Nominees Limited |
3,986,681 |
5.32 |
| Rathbone
Nominees Limited |
3,934,933 |
5.25 |
| HSBC
Global Custody Nominee (UK) Limited |
3,076,860 |
4.10 |
| State Street Nominees Limited |
2,509,571 |
3.35 |
In addition, the Cayzer Trust Company Limited which has a substantial
shareholding in Caledonia Investments Plc holds 2,000,000 shares in the Company
(2.67%) At 03 March 2010, the Manager, India Investment Partners
Limited and connected parties held in aggregate 2,257,111shares (3.01%) arising
principally from the reinvestment of performance fees in accordance with the
Management Agreement
So far as the Board are aware, the only holdings of warrants
at 03 March 2010 which, if converted, would amount to an interest of
3% or more in the Ordinary Share Capital of the company are set out in the
table below.
| Names |
Holding of Warrants
|
% of Enlarged Ordinary Share Capital if exercised assuming Full
Conversion
|
| Caledonia
Investments Plc |
3,300,000 |
3.67 |
| Chase Nominees Limited |
3,160,000 |
3.51 |
For full details please refer to the prospectus dated December 2005 available
in the
Official Documents
section.