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Westmount Energy Limited (the "Company"), incorporated in Jersey on 1 October 1992 under the Companies (Jersey) Law 1991, as amended, is a public company with registered number 53623. The Company now operates solely as an energy investment company.

The investment strategy of the Company has been to provide seed capital to small companies which are identified as having significant growth possibilities. The sale of such stakes taking place subsequent to flotation or when a significant third party offer is available, which values such a stake as attractive both for price and market reasons.

The shares of the Company commenced trading on the Alternative Investment Market ("AIM") at 15p on 2 October 1995. The middle market closing share price on 30 June 2010 was 98.5p (30 June 2009: 32.5p). Following the re-organisations of the Company's share capital approved by shareholders on 22 December 2005, 30 January 2009, 28 January 2011 and 11 December 2015, the Company now has a total of 22,570,335   shares of Nil Par value  each in issue held by approximately 1,100 shareholders. The company's shares are solely traded on AIM. There are no treasury shares currently in issue and there are no restrictions on the transfer of the company's AIM securities.

The Board is responsible for formulating, reviewing and approving the Company's strategy, budgets and corporate actions. Regular board meetings are held and additional board meetings are held at such other times as the Directors deem necessary.

The Board recognises the importance of sound corporate governance and will take appropriate measures to ensure that the Company complies with the principles of the UK Corporate Governance Code, consistent with the Corporate Governance Guidelines for Smaller Quoted Companies as published by the Quoted Companies Alliance in September 2010, when practicable and so far as possible given the Company's size and nature of business.

As far as the Company is aware the Significant Shareholders as at 28 December 2015 are:

 

Significant Shareholders
Number
%
Gerard Walsh
3,100,000
13.73
Thomas O'Gorman
3,100,000
13.73
Dermot Corcoran
3,000,000
13.29
John Craven
3,000,000
13.29
Marlborough UK Micro-Cap Growth Fund
1,197,000
5.30
Gryphon Trading
818,900
3.63

 

Shares held by Directors

The total number of shares held by Directors as at 28 December 2015 is 6,520,000 shares.

Share Options

There are Director's share options outstanding over 1,650,000 Nil Par value shares exercisable at a subscription price of 20p per share expiring 31 December 2016.

Shares not held in public hands

As far as the Company is aware the total number of shares not regarded as being held in public hands as at 28 December 2015 is 12,520,000 shares, i.e. 55.47%.

Statement of shareholder rights

The Company is incorporated in Jersey as a public company under the Companies (Jersey) Law, 1991 (the "Companies Law"), and as such the rights of shareholders of the company may differ from the rights of shareholders of a UK incorporated company. The holders of ordinary shares only benefit from those protections or rights reflected in the memorandum and articles of association of the Company and any further rights conferred by Jersey law, in particular the Companies Law.

The Company is subject to AIM Rules and the Disclosure and Transparency Rules (the “DTRs”).  In order to assist the Company in complying with its obligations under the AIM Rules and DTRs, shareholders should please note that, any shareholder who acquires an interest in the Company equal to or exceeding 3% of the issued shares (a "Notifiable Interest") is required to notify the Company forthwith of such interest. In addition, having acquired a Notifiable Interest, a shareholder is required to notify the Company forthwith (a) of any increase or decrease in his or her Notifiable Interest which crosses a 1% threshold and/or (b) if he or she ceases to hold such a Notifiable Interest.

The Company is subject to the UK City Code on Takeovers and Mergers.

The information on this website is being disclosed in accordance with rule 26 of the AIM rules.

Page Last Updated 28/12/2015





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