The information in this section is being disclosed for the purposes of Rule 26 of the AIM Rules for Companies.

Articles of Association

Business Description

Refer to the Home page for a description of Adams Plc's business description and investment policy.

Company Secretary

Philip Scales

Registered Office

IOMA House
Hope Street
Douglas
Isle of Man IM1 1AP

Nominated Advisers

Cairn Financial Advisers LLP
Cheyne House
Crown Court
62-63 Cheapside
London EC2V 6AX

Broker

Peterhouse Capital Limited
15 Eldon Street
London EC2M 7LD

Registrar

FIM Capital Limited
IOMA House
Hope Street
Douglas
Isle of Man IM1 1AP

CREST Agent

Share Registrars Limited
The Courtyard
17 West Street
Farnham
Surrey
GU9 7DR

Corporate Governance

Please click here for our QCA Corporate Governance Code disclosures.

Audit Committee

The audit committee is chaired by Nick Woolard and also includes Andrew Mitchell. The audit committee is responsible for providing formal and transparent arrangements for considering how to apply suitable financial reporting and internal control principals with regards to good corporate governance, and for monitoring external audit functions including the cost-effectiveness, independence and objectivity of the Company's auditors.

Adams Plc - Audit Committee Terms of Reference

Remuneration Committee

The remuneration committee is chaired by Andrew Mitchell and also includes Nick Woolard. The remuneration committee is responsible for establishing a formal and transparent procedure for developing policy on executive remuneration, and to set the remuneration packages of individual Directors. This includes agreeing with the Board the framework for remuneration of the Executive Directors and such other members of the Executive Management of the Company as it is designed to consider. It is also responsible for determining the total individual remuneration packages of each Executive Director including, where appropriate, bonuses, incentive payments and share options. The remuneration of the Non-Executive Directors is set by the Board as a whole.

Adams Plc - Remuneration Committee Terms of Reference

Country of Incorporation and Operations

Adams Plc is incorporated in the Isle of Man which is also the company's main area of operation.

Shareholder Rights

Adams Plc is incorporated in the Isle of Man, under registered company number 004145V. As such, the rights of shareholders may be different from the rights of shareholders in a company incorporated in the United Kingdom.

Trading Platform Details

Adams Plc is listed on the AIM market of the London Stock Exchange and its ticker is ADA.

Share Capital

The current share capital in issue is 82,553,232.

Substantial shareholdings above 3% including directors as at 23 May 2019 were as follows:

Shareholder % of shares in issue
Richard Griffiths 77.3%
Lombard Odier Asset Management 9.9%
David Richardson 9.7%

Shares not in public hands is 77.3% of the shares in issue

Adams Plc is incorporated in the Isle of Man and is admitted to trading on AIM. As a result, Adams Plc is subject to the UK's City Code on Takeovers and Mergers and the rights of shareholders may differ from the rights of shareholders in a UK incorporated company.

There are no restrictions on the transfer of AIM securities.

There are no outstanding options or warrants.

Page last updated: 23 May 2019