rule 26

The following information is disclosed in accordance with Rule 26 of the AIM Rules (May 2014). 

Description of the business
The Parkmead Group is an independent energy group. The Group's primary focus is in the oil & gas exploration & production sector at both asset and corporate levels.

The names of the directors and biographical details
Please click on the link below for the names of the directors and brief biographical details of each.
The names of the directors and biographical details.

Directors' responsibilities
Please click on the link below for a description (by title) of Directors' responsibilities.
Directors' responsibilities

Board committees
Please click on the link below for information on the Audit and Remuneration Committees together with the membership of those committees.
Remuneration Committee
Audit Committee



Corporate governance

The Company is committed to high standards of corporate governance. The Parkmead Group plc, as an AIM listed company, is not required to comply with the UK Corporate Governance Code, (“the Code”). However, the Board recognises the importance of sound corporate governance and has ensured that the Company has adopted policies and procedures that the Directors consider appropriate with regard to the Company’s size. 

This statement explains how the Directors applied the principles of the Code during the year ended 30 June 2013.


The Board

The Board, which is set up to control the Company and Group, meets formally at least four times a year and in the year under review met on nineteen occasions. As at the year end the Board was composed of five Directors – three Executive and two Non- Executive Directors. The Non-Executive Directors, P J Dayer and D I Rawlinson, are considered by the Board to be independent, notwithstanding the fact that they have shares in the Company.

Each Board member receives the latest financial and management information each month, which consists of:



The Board reserves to itself a range of key decisions to ensure it retains proper direction and control of the Group, whilst delegating authority to individual Directors who are responsible for the day-to-day management of the business. 


All Directors have access to the advice and services of the Company Secretary and can also seek independent professional advice, if necessary, at the Company’s expense. 


Board appointments 

All appointments to the Board are discussed at a full board meeting and each member is given the opportunity to meet the individual concerned prior to an appointment being made. 


Re-appointment of Directors 

All Directors are subject to re-appointment every three years in accordance with the Company’s Articles of Association. 


Annual General Meeting

Details of the resolutions proposed at the Company's 2017 Annual General Meeting to be held at 9.00 a.m. on 20 December 2017 can be found here 


Country of incorporation and main country of operation:
The Parkmead Group plc is incorporated in England & Wales (Registered Company Number 3914068) which is also its main country of operation.

Name & Registered Office:
The Parkmead Group plc
6 St Andrew Street

Current constitutional documents
Please click on the link below for the Memorandum and Articles of Association.
Memorandum and Articles of Association
Articles of Association - adopted by GM on 02 Nov 2009

Details of any other exchanges or trading platforms
Shares in The Parkmead Group plc are not traded on any exchanges or trading platforms other than the AIM market.

Number of securities in issue
The Group's issued share capital consists of 98,929,160 ordinary shares with a nominal value of 1.5 pence each ('Ords'), each share having equal voting rights. No share is held in treasury by the Group, accordingly, the total number of Ords with voting rights is 98,929,160.

As at 29 September 2017 the Group had been notified, in accordance with the Disclosure and Transparency Rules, of the following shareholdings amounting to 3% or more of the ordinary share capital of the Company:

Name Number of ordinary shares held % of ordinary shares
Thomas Cross & affiliates 18,850,779 19.05
Cavendish Asset Management 8,693,652 8.79
Polar Capital Partners 4,667,528 4.72
Fidelity International 4,502,554 4.72

In accordance with the AIM Rules (Rule 26), in so far as the Company is aware, the percentage of the Company's issued share capital that is not in public hands is approximately 24%. This percentage includes the holdings of directors.

Last Updated: 29 September 2017

Details of any restrictions on the transfer of securities
There are no restrictions on the transfer of securities.

Financial information
Please click on the link below for access to the Company's annual and interim reports.
Financial Reports

Company announcements
Please click on the link below to access notifications made by the Company in the past 12 months.
Regulatory Annoucements

Admission document and circulars
There have been no circulars or similar publications within the past 12 months. Please click on the link below to access the Company's Admission Document dated 10 March 2000
Click here to view the most recent admission document.
Click here to view the Circular dated 12th October 2009.
Click here to view the Proxy Form.


UK City Code on Takeovers and Mergers

As an AIM traded UK registered company, The Parkmead Group plc is subject to the UK City Code on Takeovers and Mergers legislation.

Please click on the link below for details of the Company's Nominated Adviser and other key advisers.