The primary responsibility of the Chair is to the lead the Board effectively and this includes overseeing the adoption, delivery and communication of the Company’s corporate governance model. The Chair ensures that the Board as a whole plays a full and constructive part in the development and determination of the Company’s strategy and overall commercial objectives. The Board has overall responsibility for corporate governance within the Group and this is underpinned by a framework aligned to the requirements of the business. The full Board retains certain matters for its own review and decision-making while other responsibilities are delegated to sub-committees of the Board, namely the Audit Committee and the Remuneration Committee. As a Company whose shares are traded on the AIM market of the London Stock Exchange, the Company complies with the Quoted Companies Alliance (‘QCA’) Corporate Governance Code (‘the Code’) and its Statement of Compliance with the same can be found on the Company website.

Board of directors

Audit Committee

  • Oversees the Group’s internal risk and controls strategy, including whistleblowing arrangements.
  • Reviews the Annual Report and interim financial statements prior to submission to the full Board.
  • Reviews reports from the external auditor.
  • Reviews the Group’s risk register.
  • Approves financial policies.
  • Sets and reviews the activities of internal audit
Audit Committee
Remuneration committee

Board of directors

  • Monitors and reviews the strategy and its development, the financial and operational performance of the Company and risk management.
  • Monitors and reviews internal and external factors that affect the Company.
  • Sets standards, values and policies.
  • Ensures the Company is meeting its objectives and has the correct resources in place.
  • Approves financial policies.
  • Reports to shareholders.
  • Oversees internal controls.
  • Responsible for corporate governance.

Remuneration committee

  • Sets, reviews and recommends to the Board remuneration for Directors and other senior executives, and sets overall remuneration strategy and policy for the Group.

Strategy and Development Team (VUCA)

  • Devises the Group strategy and financial plan for approval by the Board.
  • Approves the strategic and financial plans of the sub-brands and divisions and monitors the implementation and delivery of those plans.
  • VUCA (Volatile, Uncertain, Complexity, Ambiguity) focuses on Impellam’s overriding strategic and financial promises for the mid-long term and the challenges and opportunities the team sees to achieve the promises.
  • Senior Leadership Team (War Room)

    • Responsible for the day-to-day management of the Group and its operations.
    • Implementation of the strategy and financial plan

     

    Virtuoso Team (TheVirtuoso Alliance)

    • Provides advice, guidance and a fresh perspective to the Executive Team and Board on our strategic priorities and their impact on the business, our customers, the industry and the wider world of work.

     

    Investment Committee

    • Reviews and monitors strategic investments and makes investment decisions.

QCA statement of compliance

Chairman’s Introduction

As Chairman, it is my responsibility to ensure that the Board is set up to make robust decisions and manage risk to achieve good corporate governance.

The Board is pleased to confirm that Impellam Group plc has adopted the Quoted Companies Alliance (“QCA”) Corporate Governance Code (“the Code”) in line with the London Stock Exchange’s recent changes to the AIM Rules requiring all AIM-quoted companies to implement and comply with a recognised corporate governance code.

The Company Statement of Compliance with the Code sets out in broad terms how we currently comply and going forward we will provide annual updates.

Lord Ashcroft KCMG PC, Chairman.

Click here to view the full report.

Board of directors

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Lord Ashcroft KCMG PC
Non-Executive Chairman
Appointed: December 2014

Lord Ashcroft was appointed Non-Executive Chairman of the company in December 2014

 

Lord Ashcroft is an international businessman, philanthropist, author and pollster. His many, varied business interests include significant investments and participation in both public and private companies in the UK, US and the Caribbean. He was appointed Non-Executive Chairman of the Company in December 2014. In 2012, he was appointed a member of the Privy Council and was made the Prime Minister’s Special Representative for Veterans’ Transition, working with all departments to ensure military personnel receive the support they need when making the transition to civilian life. He stepped down from this role in 2018. Lord Ashcroft supports a wide range of charities, including those dealing with crime prevention and education. He is the founder and Chairman of Trustees of both Crimestoppers and the Ashcroft Technology Academy, Patron of the Forces in Mind Trust Research Centre, Vice Patron of the Intelligence Corps Museum and a Trustee of the Cleveland Clinic in the US. He resigned from the House of Lords in 2015 to concentrate on other areas of his work. He is a former Trustee and President of the West India Committee, a former Trustee of the Imperial War Museum and former Chancellor of Anglia Ruskin University (which awarded him an Honorary Doctorate in 1999). In 2016, Lord Ashcroft was made Knight Grand Cross of The Imperial Order of The Holy Trinity (Ethiopia) and a Fellow of the Royal Canadian Geographical Society. In 2017, he was made a Senior Fellow of the International Strategic Studies Association and in the same year he became an Honorary Belize Rotarian. He has written 21 books, mainly on politics and bravery, and is widely respected for his political polling.

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Julia Robertson
Group Chief Executive Officer
Appointed: April 2013

Julia Robertson was appointed Group Chief Executive Officer of the Company in April 2013.

 

 

Julia was appointed as Group Chief Executive Officer in April 2013 having previously been responsible for the Group’s UK operations between 2008 and 2013. Julia’s career in recruitment spans some four decades, always driven by the burning belief that there has to be a ‘better way’. This belief has guided her through her entire career which has included founding her own recruitment business in 1986 which was sold to the Group alongside Tate in 2000, and also serving as Chief Executive of the Institute of Employment Consultants (now known as the REC), the professional body for the UK recruitment industry.

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Tim Briant
Chief Financial Officer
Appointed: February 2020

Tim Briant was appointed Chief Financial Officer of the Company in February 2020.

 

Tim Briant joined the Group on 1 October 2019 and was appointed to the Board on 3 February 2020 as the Group Chief Financial Officer. Tim is a Chartered Accountant and has over ten years’ experience working within the recruitment sector within listed and private equity backed global recruitment companies. Tim spent over ten years at Adecco in a number of finance roles, with his last there being the CFO of Adecco UK and Ireland. Prior to this Tim worked for Spring Group plc, a listed recruitment company, where he was Group Financial Controller and Company Secretary and played a key role in its acquisition by Adecco. Prior to this Tim worked at KPMG in audit and transaction services. Tim has a strong background in mergers and acquisitions and business integrations having been involved in the disposal and subsequent integration of Spring Group plc to Adecco and the acquisition and integration of Penna plc by Adecco.

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Mike Ettling
Independent Non-Executive Director
Chair of Audit Committee
Appointed: September 2013

Mike Ettling was appointed a Non-Executive Director of the Company in September 2013.

 

Mike Ettling was appointed a Non-Executive Director of the Company in September 2013. With strong sector and non-executive experience, Mike was President of SAP-Successfactors globally. He has had an extensive executive career in global technology businesses including at NGA HR, Unisys, Synstar and EDS and was formerly a Non-Executive Director of Backoffice Associates LLC, a US PE-backed data business, and also formerly a Non-Executive Director of Telkom BCX Ltd, a South African IT and telecommunications business. Mike is currently CEO of Unit4, a world leader in enterprise applications for services and people organisations. He is also a Non-Executive Director of NCC Group PLC, a London listed cyber security business.

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Angela Entwistle
Non-Executive Director
Chair of Remuneration Committee
Appointed: September 2012

Angela Entwistle was appointed a Non-Executive Director of the Company in September 2012.

 

Angela Entwistle was appointed a Non-Executive Director of the Company in September 2012. Angela is a Corporate Communications Specialist working with companies in the private sector including Deacon Street Partners Limited and Conservative Home Limited. She is a Non-Executive Director of Biteback Publishing, a leading publisher of political and current affairs titles, and Dods Group, a leading technology company specialising in business intelligence, media and technology resourcing. Angela was Corporate Communications Director of ADT Limited, an international business services company and the world’s leader in electronic security solutions, from 1986 to 1997. She is significantly involved in a number of charities including acting as Trustee of Crimestoppers, the only UK charity dedicated to solving crimes, and Trustee and Vice-Chairman of Prospect Education (Technology) Trust Limited, the umbrella trust responsible for the operation of Ashcroft Technology Academy. Angela is not considered to be independent due to her links with the major shareholder.

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Michael Laurie
Independent Non-Executive Director
Member of Audit Committee and Remuneration Committee
Appointed: July 2014

Michael Laurie was appointed a Non-Executive Director of the Company in July 2014.

 

Michael Laurie was appointed a Non-Executive Director of the Company in July 2014. He is also a Non-Executive Chairman of SUSD Limited, a property development company that promotes sustainable architecture. Michael was an army officer for 34 years. He held the role of Major General at the Ministry of Defence until 2003, when he became the CEO of the Crimestoppers Trust, retiring from that position in 2013.

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Baroness Tina Stowell of Beeston MBE PC
Independent Non-Executive Director
Appointed: October 2017

Baroness Tina Stowell of Beeston MBE PC has held a number of senior positions in media and government throughout her career.

 

Tina Stowell has held a number of senior positions in media and government throughout her career. Since 2011, she has been a member of the House of Lords and was Leader of the House from 2014 to 2016. Before entering the House of Lords, she worked at the BBC between 2001 and 2010 and was Head of Corporate Affairs. She is a Non-Executive Director of ABTA and was Chairman of the Charity Commission for England and Wales until February 2021.

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Rebecca Watson
Group Company Secretary and General Counsel and Portfolio CEO
Appointed: May 2008

Rebecca Watson was appointed as Group Company Secretary and General Counsel of the Company in May 2008.

 

Rebecca Watson was appointed as Group Company Secretary and General Counsel of the Company in May 2008. She spent the previous five years as Company Secretary and General Counsel for The Corporate Services Group Plc, having joined the Group in 1998 as Company Solicitor. In addition, in July 2018 she was appointed Portfolio CEO responsible for the Regional Specialist Staffing brands within the Group. Prior to this, she was in a private practice, acting for a range of corporate clients. She has been a qualified solicitor since 1993.

Corporate Governance statement

The Impellam Group Board

The Board of Directors comprises the Non-Executive Chairman, two Executive Directors and four other Non-Executive Directors. The Board is responsible for overseeing the management of the Group’s strategy and its businesses, reviewing trading performance, ensuring adequate funding, maintaining a system of internal controls and risk assessment, ensuring good corporate governance and reporting to shareholders. The Board meets when required and at least eight times per annum.

The annual minimum time commitment is nine days for the Non-Executive Directors based on eight Board meetings per annum and the AGM. They are also required to spend appropriate preparation time ahead of each meeting.

Board tenure as at April 2021

 

Lord Ashcroft: 6 years , 3 months

Julia Robertson: 7 years, 11 months

Tim Briant: 1 year, 1 month

Angela Entwistle - 8 years, 6 month

Mike Ettling - 7 years, 6 months

Michael Laurie - 6 years, 8 months

Baroness Tina Stowell - 3 years, 5 months

Rebecca Watson - 12 years, 10 months

Re-election of Directors as at 2021 AGM

In accordance with the Company’s Articles of Association and the principles of the Code, all Directors of the Company will offer themselves for re-election by shareholders at the 2021 AGM. The Board is satisfied that each Director is qualified for re-election by the quality of their skills, experience and commitment to the Board.

The Board and its Committees

Audit Committee

The Board has an Audit Committee whose responsibilities include oversight of the Group’s internal risk and controls strategy, including establishing whistleblowing arrangements, reviewing interim and Annual Reports and financial statements prior to their submission to the full Board and reviewing reports from the external auditor and internal audit. The Audit Committee makes whatever recommendations to the Board it deems appropriate, on any area within its remit, including where action or improvements needed.

Meetings

The Committee operates under written Terms of Reference, and during the period ended 1 January 2021 it met on three occasions. The Audit Committee invites the Chief Financial Officer to all of its meetings and senior representatives of the external auditor are routinely invited to Committee meetings, although it reserves the right to request any of these individuals to withdraw from the meeting. The Audit Committee comprises two Non-Executive Directors: Mike Ettling (Chair) and Michael Laurie.

Financial and business reporting

During the year, the Audit Committee has reviewed the 2019 and 2020 financial statements, the 2020 interim statement (unaudited) and carried out a going concern review. Reviews of the financial statements included the accounting policies, significant financial reporting issues and key judgements and estimates underpinning the financial statements. For the areas discussed, the Committee was satisfied with the assumptions made and the accounting treatments adopted.

Risk management and internal control

Risk management is the responsibility of the Board. Further details about the process followed and principal risks and uncertainties that could affect business operations can be found in the Strategic Report on pages [28] to [31] of the 2020 Annual Report. The Audit Committee keeps under review the adequacy and effectiveness of the Company’s internal controls and risk management systems.

A summary of the internal controls for Group companies is presented to the Audit Committee, including updates on the resolution of any control weaknesses identified.

The internal controls are reviewed by the Group finance function. Every year the Audit Committee reviews the Group’s risk framework reports, to be presented to and discussed by the Board.

The Group’s whistleblowing policy contains arrangements for the Company Secretary to receive, in confidence, complaints on accounting, risk issues, internal controls, auditing issues and related matters.

The Group has a mandatory Code of Conduct, which sets out the minimum expected behaviours for all colleagues.

External audit

The Audit Committee is responsible for the development, implementation and monitoring of the Group’s policy on external audit. The Terms of Reference assign responsibility to the Audit Committee for overseeing the relationship with the external auditor. During 2020, the Audit Committee managed the relationship with the external auditor, reviewed and monitored their independence and objectivity and the effectiveness of the audit process.

The Group’s policy on non-audit related services prescribes the types of engagements for which the external auditor can be used and those engagements which are prohibited. For engagement for services which are non-recurring in nature, prior approval must be sought from the Audit Committee.

Assessment of the Audit Committee

The Board will conduct an assessment of the Audit Committee’s performance at the April 2021 meeting. The Chair of the Audit Committee will be available at the 2021 Annual General Meeting to answer any questions about the work of the Audit Committee.

Remuneration Committee

 

The Board has a Remuneration Committee that is responsible for making recommendations to the Board on Directors’ remuneration. It also reviews recommendations from the Group Chief Executive Officer on other senior executives’ remuneration, including performance-related remuneration. The Committee operates under written Terms of Reference, and during the period ended 1 January 2021 it met on one occasion. The Remuneration Committee comprises two Non-Executive Directors: Angela Entwistle (Chair) and Michael Laurie.

Remuneration practices

The Remuneration Committee recommended and monitored the level and structure of remuneration for senior management as well as monitoring remuneration trends across the Group and periodically reviews the ongoing appropriateness and relevance of the remuneration policy, no review was conducted during the year.

Assessment of the Remuneration Committee

The Board will conduct an assessment of the performance of the Remuneration Committee at the April 2021 meeting. The Chair of the Remuneration Committee will be available at the 2021 Annual General Meeting to answer any questions about the work of the Remuneration Committee.

Remuneration policy for the Executive Directors

Remuneration packages are designed to attract, retain, motivate and reward Executive Directors, whilst aligning rewards with the business objectives and performance of the Group and the interests of shareholders.

Link between business objectives and remuneration policy

It is the Group’s policy for performance-related pay of Executive Directors to be linked to key performance indicators of the Group. The Group’s key objectives include developing sustainable growth in earnings and profits, through a combination of organic growth and investments, and increase in share price. The key performance measures chosen in 2020 to link executive remuneration to the achievement of these objectives were profits, organic growth and a cash related target.

Director’s contracts and letters of appointment

It is the Group’s policy that Executive Directors should have contracts with indefinite terms providing for a maximum of 12 months’ notice by the employing Group company or the individual. In the event of termination, the Executive Directors’ contracts provide for compensation up to a maximum of the basic remuneration package for the notice period.

The Effective date of contract and Notice period for Julia Robertson were 5 April 2013 with 12 months’ notice from either party. The Effective date of contract and Notice period for Tim Briant were 1 October 2019 with six months’ notice from either party. Non-Executive Directors serve under letters of appointment, which either party can terminate on three months’ written notice. The Non-Executive Directors have no right to compensation on the termination of their appointments.

Annual fees of Directors

The basic annual salary of each Executive Director and senior management is reviewed annually by the Remuneration Committee. The remuneration for the Non-Executive Directors is determined by the Board within the limits set by the Articles and is based on information on fees paid in similar companies and the skills and expected time commitment of the individual concerned. The fees are reviewed each year as part of the annual budgeting process. The Non-Executive Directors receive additional remuneration for chairing Committees.

Annual bonus

The Remuneration Committee establishes the objectives that must be met for each financial year if a cash bonus is to be paid to the Executive Directors. Based on the Remuneration Committee’s assessment of the performance against those targets, it was determined that there was £0.2m bonus payment for delivery of key performance indicators (KPIs).

Shareholding guidelines

There are no requirements for Executive Directors or senior executives to hold shares in the Company.

Internal control

The Board has responsibility for the Group’s overall system of internal controls and for reviewing their effectiveness. They recognise that the system is designed to manage and mitigate, rather than eliminate, the risk of failure to achieve business objectives. It can provide only reasonable and not absolute assurance against material financial misstatement or loss.

The Board has established an organisational structure with clear Terms of Reference that must be adhered to by all subsidiaries.

There is a programme of regular review by the Board and executive management, which provides assurance that the control environment is operating as intended. A key element of this review is strategic business planning and subsequent performance monitoring. Each business has defined financial performance plans that are agreed by the Board at the beginning of each financial period to meet Company objectives.

These plans contain measurable performance targets, which are continuously monitored to identify shortfalls, so that corrective actions can be taken. In addition, the Company and its subsidiaries maintain risk registers that are updated regularly. The Group risk register is reviewed by the Audit Committee whilst reviewing generally the effectiveness of the Company’s internal control system. The Group Financial Controller is also responsible for reporting to the Audit Committee on internal audit, utilising internal and external expertise.

The Group operates in ‘The Virtuoso Way’, which embeds a consistent Company-wide culture, based on trusted behaviours, delivered by entrepreneurial Virtuoso leaders, who can drive competitive advantage and deliver on the Group’s commitments. The Board is committed to maintaining appropriate standards for all the Company’s business activities and ensuring that these standards are set out in written policies. Key examples of such standards and policies include the ‘Code of Business Conduct’.

The Company ‘Code of Business Conduct’ demonstrates its commitment to maintaining the high levels of ethical standards and behaviours, wherever it operates in the world.

Dialogue with shareholders

The Company remains committed to listening to and communicating openly with its shareholders to ensure that its vision, mission, strategy, business model and performance are clearly understood.

The Company communicates with shareholders through the Annual Report and Accounts, full-year and half-year announcements, the Annual General Meeting (‘AGM’) and one-to-one meetings with large existing or potential new shareholders. The Non-Executive Directors will attend the AGM and are available to answer any questions relevant to the Committees they chair. The Board receives regular updates on the views of shareholders through briefings and reports from the Group Chief Executive Officer, Chief Financial Officer and Company Secretary. Corporate information, including all Company announcements, is available to shareholders, investors and the public on the Company’s website.

Our approach to tax

The following information is provided in order to satisfy Impellam Group plc’s (the “Group”) requirements under Paragraph 16(2), Schedule 19 of Finance Act 2016, to publish its tax strategy in relation to the 2020 financial period ended 1 January 2021.

(Updated 17th December 2020).

Our commitment to compliance

Impellam is a responsible tax payer, we are committed to complying with our Global tax obligations, which include filing, reporting and payments in line with applicable tax laws and regulations, in all of the territories in which we operate, including the UK, which is our primary place of business.


Our approach to governance

Our tax strategy is aligned with our vision, which is to be the world’s most trusted staffing company.  It is approved, owned and overseen by the Board and Audit Committee.  The Group Chief Financial Officer (“CFO”) has overall responsibility for overseeing tax strategy, management of tax risk and the underlying governance framework.  The Group Head of Tax, who reports to the CFO, has day-to-day responsibility for these areas and is responsible for management of tax compliance and tax risks across the Group.


How we manage tax risks

Due to the nature of the staffing industry in which it operates, Impellam faces inherent tax risks based on the type of contractual relationships we enter into, and the volume and frequency of transactions undertaken.  We seek to identify, evaluate, manage and monitor these risks to ensure they remain in line with the Group’s risk appetite.  Our processes and controls are designed to minimise unnecessary or disproportionate risks.  Where there is significant uncertainty or complexity in relation to a risk, we obtain advice from appropriately qualified advisors.


Our attitude to tax planning and level of risk

When engaging in commercial activities in new and existing territories, both UK and local tax legislation is considered to ensure compliance with all applicable tax rules. We claim tax reliefs and incentives as available under tax legislation, but do not undertake transactions led by a tax planning purpose.  In cases where we do not have the necessary technical expertise, we obtain tax advice to ensure the tax consequences of any proposed transactions are fully understood.

 

Our approach to dealing with tax authorities

Our relationships with tax authorities are based on openness, honesty and integrity.  In the UK, we interact regularly with HMRC via our Customer Compliance Manager in order to discuss tax affairs on a real-time basis.  We take a collaborative approach in all interactions with tax authorities and seek to make accurate and timely disclosure in correspondence and returns.

Section 172

Section 172 of the Companies Act 2006 requires Directors to take into consideration the interests of stakeholders and other matters in their decision-making. We believe we have a history of collaborative, informative stakeholder engagement and decision making based on long-term success, and we maintain governance structures and processes that support good decision-making. This section articulates how the Directors have acted to promote the success of the Group for the benefit of its stakeholders. In meeting this responsibility, the Directors have had regard, amongst other matters, to:

a) the likely consequences of any decisions in the long term;
b) the interests of the Group’s colleagues;
c) the need to foster the Group’s business relationships with suppliers, customers and others;
d) the impact of the Group’s operations on the community and environment;
e) the Group’s reputation for high standards of business conduct; and
f) the need to act fairly as between members of the Group

AIM Rule 26

The following information is disclosed in accordance with Rule 26 of the AIM Rules.

Last Updated: 26 April 2021

Description of the Business

Our Managed Services providers are supported by talent-focused Specialist Staffing brands with deep heritages, vertical sector expertise and loyal candidate networks. Clients across the world trust us to deliver Managed Services and Specialist Staffing in the UK, North America, Australasia and Europe. Working with them are 2,500 Impellam people, bringing a wealth of expertise through our 14 market-leading brands across 76 locations. Every year, we connect carefully chosen candidates with good work at all levels. They include technology and digital specialists, scientists, clinical experts, engineers, nurses, doctors, lawyers, teachers, receptionists, drivers, chefs, administrators, warehouse and call centre operatives.

Underpinning everything we do is our Virtuoso strategy which recognises it is our people who make the difference. Virtuosos make and deliver on promises and grow with their customers through sector, service or international expansion which ensures there is never a need for a customer or candidate to leave Impellam.

Impellam is the seventh largest Global Talent Acquisition and Managed Workforce Solutions provider in the world.

Directors’ Names and Biographies

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

Board Of Directors

Directors' Committees

Audit Committee

The Board has an Audit Committee whose responsibilities include oversight of the Group’s internal risk and controls strategy, including establishing whistleblowing arrangements, reviewing interim and Annual Reports and financial statements prior to their submission to the full Board and reviewing reports from the external auditor.

On behalf of the Board, they also examine and review internal financial controls, financial and accounting policies and practices and the form and content of financial reports and statements, plus the financial judgements therein.

The Committee ensures that arrangements are in place for employees of the Group to raise concerns about any possible improprieties, either confidentially or publicly, and that procedures are in place for the proportionate and independent investigation of any such matters, and appropriate follow-up action.

The Committee also reviews the independence, objectivity, performance, behaviour and effectiveness of the external auditor with whom it meets at least twice a year, and the nature of any non-audit services provided by them. The Audit Committee is required to report its findings to the Board.

This means identifying any matters on which it considers action or improvement is needed. The Committee operates under written Terms of Reference and meets at least twice each year.

During the period ended 1 January 2021 it met on three occasions. The Audit Committee invites the Chief Financial Officer to all of its meetings and senior representatives of the external auditor are routinely invited to Committee meetings, although it reserves the right to request any of these individuals to withdraw from the meeting. The Audit Committee comprises two Non-Executive Directors: Mike Ettling (Chair) and Michael Laurie.

Remuneration Committee

The Board has a Remuneration Committee that is responsible for making recommendations to the Board on Directors’ remuneration. It also reviews recommendations from the Group Chief Executive Officer on other senior executives’ remuneration, including performance-related remuneration. The Committee operates under written Terms of Reference, and during the period ended 1 January 2021 it met on one occasion. The Remuneration Committee comprises two Non-Executive Directors: Angela Entwistle (Chair) and Michael Laurie.

Country of Incorporation and Main Country of Operation

Impellam Group plc is incorporated in the UK with registered number: 6511961; the primary operations of the company are also located in the United Kingdom. The shares of Impellam Group plc are traded on the AIM market operated by the London Stock Exchange.

Details of any Other Exchanges or Trading Platforms

The Company does not have any of its securities admitted to trading on any other trading platforms or exchanges.

Number of Securities in Issue

As at 26 April, the company has 45,614,079 Ordinary Shares of 1 penny each in issue. The Company does not hold any shares in treasury. The percentage of securities not in public hands is: 52.92%

Below are details of our significant shareholders along with the percentage of the issued share capital.

Significant Shareholders’ Information

Shareholder Name - % Holding

Lombard Trust - 56.07% as at 23 Sep 2020

Hendrik M. Van Heijst - 5.49% as at 23 Sep 2020

Lord Ashcroft - 4.84% as at 23 Sep 2020

Schroder Investment Management Limited - 4.75% as at 23 Sep 2020

Director Shareholdings

Director Name - Holding

Lord Ashcroft (Non-Executive Chairman) 2,273,755 as at 23 December 2020

Julia Robertson (Group Chief Executive Officer) 153,910 as at 23 December 2020

Mike Ettling (Non-Executive Director) 10,860 as at December 2020

Angela Entwistle (Non-Executive Director) 13,800 as at December 2020

Details of Any Restrictions on the Transfer of Securities

None

Financial Information

The Company's annual and interim reports will be available on this site once they are released.

Company Announcements

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

Regulatory News

Admission Document, Constitutional Documents and Circulars Advisers