The following information is being disclosed in accordance with Rule 26 of the AIM Rules for Companies.
Directors’ names and biographies
Nominated and key Advisors
Responsibilities of management
Incorporation and Country of Operation
Eco Atlantic Oil & Gas is incorporated in Canada and continues under Business Corporations Act (British Columbia) with registered number C0926072. Accordingly, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.
The Company is an oil and gas exploration and development company for which the main countries of operation are Guyana and Namibia.
Documents and Announcements
Annual and Interim Financial Reports
Documents and Circulars
The identity and percentage of holdings of significant shareholders and the number of AIM securities in issue
Details of any other exchanges or trading platforms
The Company’s Common Shares are listed on both the TSX-V (TSX-V: EOG) and AIM (AIM: ECO).
Details of any restrictions
Trading restriction on the Company’s Common Shares issued and traded outside of Canada, such that such shares cannot be transferred through CREST to the Company’s Canadian share register for a period of four months and one day from Admission. For the avoidance of doubt, any Common Shares transferred to the Company’s Jersey branch register during this period will be subject to these restrictions.
It is emphasised that, although the Common Shares will be admitted to trading on AIM, the Company will not be subject to takeover regulation in the UK and the City Code will not apply to the Company. However, Canadian laws applicable to the Company provide for early warning disclosure requirements and for takeover bid rules for bids made to security holders in various jurisdictions in Canada.
When acquiring shares in the Company, shareholders are entitled under Canadian securities laws to categorise themselves as “objecting” (“Obos”) or “non-objecting” (“Nobos”). By registering as such, which they usually do through the entity through which they acquired their shares, Obos are noting that they object to their interest and their details being disclosed to the Company. In respect of interests up to 10 percent of the issued share capital of the Company after which level Canadian securities law makes disclosure mandatory. Nobos, on the other hand, are noting the fact that they do not object to their shareholdings and their details being disclosed to the Company.
Rule 17 of the AIM Rules
Rule 17 of the AIM Rules requires, inter alia, that an AIM quoted company must notify the market of any changes of which it is aware to its Shareholders’ interests in three percent or more of the Common Shares and changes thereto ( of any movements through a percentage point upwards or downwards). The Shareholders approved on the 30 December 2016 a resolution, effective from Admission, to change the Company’s constitution to require that Shareholders holding interests in three percent or more of the Company’s Common Shares inform the Company thereof and to inform the Company of relevant subsequent changes thereto.