AIM Rule 26
The following information is disclosed in accordance with Rule 26 of the AIM Rules for Companies (February 2007):
Description of the business
Titanium Resources Group is a mining company with operations in the Republic of Sierra Leone. The Group is one of the country's largest employers and produces two commodities, rutile and ilmenite, for use in industrial applications.
Last updated 28 July 2008
The names of directors and biographical details
Information on the directors can be viewed here.
Last updated 10 March 2008
Directors’ responsibilities
The Board is responsible for creating shareholder value by setting and implementing strategy in accordance with the best interests of the company.
Last updated 17 August 2007
Board Committees
The Directors have established audit and remuneration committees. The remuneration committee is chaired by Mr. Baker and comprises Mr. Kansteiner, both Non-Executive Directors. The audit committee is chaired by Mr. Kansteiner and consists of Sir Sam Jonah and Mr. Baker, both Non-Executive Directors. TRG also has a nominating and governance committee which is chaired by Mr. Kansteiner and also comprises Mr. Baker. Both are non-Executive Directors.
Last updated 17 August 2007
Country of Incorporation and main country of operation
British Virgin Islands and Sierra Leone.
Last updated 17 August 2007
A statement that the rights of shareholders may be different from the rights of shareholders in a UK incorporated company
As the Company is incorporated in the British Virgin Islands, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.
Last updated 17 August 2007
Current constitutional documents
Articles and Memorandum of Association(6.4M)
Last updated 17 August 2007
Details of any other exchanges or trading platforms
The company's shares are traded on AIM. There are no other exchanges or trading platforms on which the company has applied or agreed to have its shares admitted or traded.
Last updated 17 August 2007
Number of securities in issue
The table below includes, in so far as the company is aware, the percentage of AIM securities that is not in public hands together with the identity and percentage holdings of its significant shareholders. In so far as the company is aware, the percentage of AIM Securities not in public hands is 66.7 percent.
|
Shareholder |
Number of ordinary shares |
Percentage Holding |
| Ospraie Management LLC |
114,981,497 |
49% |
| M&G Investment Management Limited |
25,825,000 |
11% |
| Leopard Titanium Limited |
23,427,856 |
10% |
| Ingalls & Snyder LLC |
22,900,000 |
10% |
| Mackenzie Financial Corporation |
16,825,200 |
7% |
| Other |
30,319,000 |
13% |
| Total Outstanding |
234,278,553 |
(100) |
Last updated 22 July 2008
Details of any restrictions on the transfer of securities
The Company confirms that there are no restrictions on the transfer of securities.
Last updated 17 August 2007
Financial information
Annual and interim reports
Last updated 17 June 2008
Company announcements
Announcements within last 12 months
Last updated 17 June 2008
Admission document and circulars
Admission Document(1.9M)
Last updated 17 June 2008
Advisers
Nominated advisers
Nabarro Wells & Co. Limited
Saddlers House
Gutter Lane
London EC2V 6HS
Telephone: +44 207710 7400
Stockbrokers
Arbuthnot
Arbuthnot House
20 Ropemaker Street
London EC2Y 9AR
Telephone: +44 20 7012 2000
Solicitors
Faegre & Benson LLP
7 Pilgrim Street
London EC4V 6LB
Telephone: +44 (0)20 7450 4500
Communications
Aura Financial
2 Babmaes Street
London SW1Y 6HD
Telephone: +44 20 7321 0000
Last updated 17 August 2007