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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 and 28 January 2011, and the resultant return of capital to shareholders, the company now has a total of 9,830,300 ordinary shares of 20p each in issue held by approximately 1,200 shareholders. This number of shares is after taking into account 541,380 shares purchased by the company in the market which have now been cancelled. 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.
There are director's share options outstanding over 1,650,000 20p ordinary shares exercisable at a subscription price of 20p per share expiring 31 December 2016.
Shareholders should be aware that their rights in respect of a Jersey registered company will differ from an English registered company.
Shares held by Directors
The information on this website is being disclosed in accordance with rule 26 of the AIM rules.