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AIM Rule 26 PDF Print

The information required in relation to AIM Rule 26 is detailed in the text below and in the other pages on this website linked tobelow.

  • The principal activity of EMED Mining is to explore for and develop natural resources, with a focus on copper and gold.The Company'sregion of interest spans from Europe to Iran. EMED Mining's strategy is to rapidly evaluate exploration opportunities in several jurisdictions throughout this quality mineral belt with a relatively high rate of project turnover.
  • EMED Mining's Board of Directors and senior management have a strong track record in successful exploration, responsible mining and corporate governance.
  • Since EMED Mining is incorporated in Cyprus, the rights of its shareholders may be different from the rights of shareholders in a UK incorporated company.
    As there are no provisions in Cyprus law or practice applicable to EMED Mining equivalent to the UK City Code on Takeovers and Mergers (the "City Code"), which prevent persons acquiring 30% or more of the voting rights in a company without making a general offer on the same terms to all shareholders (as set out in Rule 9 of the City Code), such provisions have been included in EMED Mining's Articles of Association. In order to afford shareholders equivalent protection to that offered by the City Code, EMED Mining's Articles of Association prohibit a person, and those acting in concert with him, from acquiring 30% or more of the voting rights, or from increasing their holding if it is above 30% and under 50%, unless either the Board consents to the acquisition, or the procedure set out in Rule 9 of the UK City Code is followed. EMED Mining's Articles of Association give the Board full power inter alia to require a shareholder to provide any appropriate information, make such determinations as it sees fit, determine that voting rights on any shares held in breach of the Articles of Association ("Excess Shares") be suspended, and act as the Member's attorney in selling such Excess Shares.Cyprus law contains no provisions applicable to EMED Mining equivalent to the UK law requirement on shareholders to disclose their level of holding in shares in a company once the Board has served a disclosure notice on them. EMED Mining's Articles of Association (regulations 35 to 41) give the Board the ability to serve such a notice, and in default of compliance, a defaulting Shareholder can have his right to dividends suspended, and his shares may not be transferred until the requested information has been obtained.
  • The Company's key exploration and mine development assets located in Cyprus, Slovakia and Spain.
  • EMED Mining's Memorandum of Association is available by clicking here.
  • EMED Mining's primary listing is on London's AIM market and the Company is also listed on exchanges in Berlin and Frankfurt with a Wertpapier-Kenn-Nummer" of A0EQ1D.
  • The number of AIM securities on issue are noted in our Capital Structure section.
  • As soon as practical following release to the market, the Company posts such information to this website in the following sections - Announcements, Annual Reports, Interim Financial Reports, and Notices. EMED Mining also regularly posts to its website presentations made to insititutional investors or at conferences in order to provide these summaries of the Company's progress to all investors.
  • The Company's May 2005 AIM Admission Document is available by clicking here. Circulars to shareholders are posted in the Notices section of this website.
  • EMED Mining's key advisers are listed in the Contacts section of this website.

    • This page last updated 24 March 2009.