AIM RULE 26 INFORMATION
Information disclosed in accordance with Rule 26 of the AIM Rules for Companies.
|
Name |
Baydonhill FX plc |
|
Registered Office |
160 Brompton Road, Knightsbridge, London, SW3 1HW |
|
Registration |
Incorporated and registered in England and Wales under |
|
Main Country of Operation |
United Kingdom |
|
Description of Business |
Baydonhill FX plc is currently the only foreign exchange |
Information on Board Members can be found on our team page.
The Board is responsible for formulating, reviewing and approving the company's strategies, budgets and corporate actions.
Directors have responsibility for the implementation of high standards of corporate governance which include complying with obligations for a money service business as defined by HM Revenue and Customs. The directors are also responsible for ensuring that the company complies with the Combined Code and the Quoted Companies Alliances "Guidance for Smaller Quoted Companies" in such respects as are appropriate for a company of its size, nature and stage of development.
The Company operates a share dealing code for Directors and employees as required by the AIM Rules.
The Board has established the following committees:
AUDIT COMMITTEE
The Audit committee consists of William Eric Peacock as chairman and Geoffrey Mayhill. The committee will meet at least twice a year, linked to the timing of the publications of the Company's results. The committee will also meet on an ad hoc basis when necessary. The external auditors may also be invited to attend these meetings.
The committee operates within specific terms of reference which include:
- considering the appointment of external and internal auditors;
- reviewing the relationship with external auditors;
- reviewing the financial reporting and internal control procedures;
- reviewing the management of financial matters and focusing upon the independence and objectivity of the external
auditors; and
- reviewing the consistency and appropriateness of accounting policies on a year to year basis.
REMUNERATION COMMITTEE
The Remuneration Committee consists of William Eric Peacock as Chairman and Geoffrey Mayhill. The Chief Executive of the Company, Wayne Mitchell, may also be invited to attend certain meetings of the Remuneration Committee.
Role of the Remuneration Committee
The Remuneration Committee reviews and determines on behalf of the Board and shareholders of the Company the pay, benefits and other terms of service of the executive directors of the Company and the broad pay strategy with respect to senior Company employees.
There are no restrictions on the transfer of Baydonhill FX plc securities.
Baydonhill FX plc securities are not traded, or admitted to be traded, on any other exchanges or trading platforms other than AIM
Number of AIM securities in issue: 57,833,751. Percentage of share capital not in public hands: 87.18%
|
Significant Shareholders |
Shareholding |
Percentage |
|
Ekwienox FX Limited |
44,513,635 |
76.97% |
|
C. F. McLeod |
2,865,662 |
4.95% |
|
W. S. Mitchell |
2,534,777 |
5.26% |
|
Other |
6,919,677 |
12.82% |
Reviewed 28th September 2012
Nominated & Key Advisers
|
Secretary |
Jerome Loir |
|
Auditors |
Nexia Smith & Williamson |
|
Nominated Adviser |
Merchant Securities Limited |
|
Registrars and |
Neville Registrars Ltd. |
|
Solicitors to the |
Norton Rose |
|
Principal Bankers |
Bank of Ireland |
