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Share £ 3.0250
Gold $ 1,339.00
Silver $ 21.49
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AIM Rule 26

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Last amended 31 March 2014 The following information has been disclosed for the purposes of AIM Rule 26.

  1. Description of business

    GoldBridges Global Resources Plc is a gold mining and exploration company which is operating the Sekisovskoye gold mine which is close to Ust Kamenogorsk in East Kazakhstan . Its business is described in detail in the “About Us” and“Operations” sections of this website.

  2. Directors and their responsibilities

    The board of directors of GoldBridges Global Resources Plc comprises a Chairman one executive director and four non-executive directors. The current directors, together with their biographical details, are set out in the “Management” section of this website. The directors are responsible for formulating, reviewing and approving the Group’s strategy, budgets, major items of capital expenditure and senior personnel appointments.

  3. Corporate Governance

    The directors are aware of the UK Corporate Governance Code on Corporate Governance applicable to listed companies. As a company quoted on AIM, the Company is not required to comply with the UK Corporate Governance Code, but the directors intend to comply with its main provisions as far as is practicable having regard to the size of the Group.

    Board structure and its committees

    The board meets regularly throughout the year and as issues arise which require board attention. The CEO conducts board and shareholder meetings and ensures that all directors are properly briefed. The directors are responsible for formulating, reviewing and approving the Group’s strategy, budgets, major items of capital expenditure and senior personnel appointments. The directors have access to independent professional advice at the Company’s expense and to the company secretary. At each annual general meeting one third of the directors must retire by rotation, whereupon they can offer themselves for re-election if eligible. The Company has  an audit committee. In view of the Company’s size, the directors do not consider the Combined Code recommendation for a Nominations Committee to be appropriate – instead the whole board is responsible for recommending and appointing board memebers and senior executives.

    Audit committee

    The audit committee currently comprises Ashar Qureshi, Ken Chrichton and Alain Balian. It meets at least twice a year and is responsible for considering the appointment and fees of external auditors, their cost effectiveness, independence and objectivity and for ensuring that the financial performance of the Group is properly reported and monitored. The committee liaises with the auditors and reviews the reports from the auditors relating to the financial statements and internal controls.

  4. Listing and trading of shares

    The ordinary shares of GoldBridges Global Resources Plc are quoted on the AIM marketof the London Stock Exchange (“AIM”). They are not listed or admitted to trading on any other exchange or trading platform. There are no restrictions on the transfer of the Company’s AIM shares.

  5. Percentage of AIM securities not in the public hands

    There is 70.44 per cent. of the Company’s AIM securities not in public hands.

  6. Shares in issue

    There are currently 2,211,342,130 ordinary shares of nominal value 0.1 pence each in issue. There are no shares held in treasury. At 31 March 2014 , the following shareholders, each held over 3% of the company’s issued, ordinary share capital at that date.

    Number of Ordinary shares

    Percentage

    held

    African Resources Limited

    1,440,076,040

    65.12

    DWS Investmnt GMBH

    160,045,857

    7.24

    Blackwill Trade Limited 88,448,936 9.03
  7. Key advisers

    Nominated adviser and joint broker Strand Hanson Ltd., 26 Mount Row London, W1K 3SQ Joint Broker Peat & Co., 118 Picadily, London, W1J 7NW Auditors to the group BDO LLP, 55 Baker Street, London, W1U 7EU Solicitors Gowlings 15th floor, 125 Old Broad Street, London,EC2N 1AR

  8. Country of incorporation and main country of operation

    GoldBridges Global Resources Plc is incorporated in the United Kingdom. It operates in Kazakhstan mainly via two wholly owned, Kazakh incorporated subsidiaries: TOO Gornorudnoe Predpriatie Sekisovskoye TOO Altai Ken-Baiytu

  9. Other financial information

    Other financial information, including the most recent annual and interim reports, can be found in the “Financial reports” section of this website.

  10. Notifications

    All notifications made by the Company during the last 12 months can be found in the “News” section of the website.

  11. Links to documents constituting the company

    Articles of association (PDF) Memorandum of association (PDF) AIM admission document PDF)

  12. Documents sent to shareholders within the past 12 months

    Placing and Open Offer Application Form (PDF) Placing and Open Offer Circular (PDF) Placing and Open Offer Form of Proxy (PDF) Notice of AGM Annual Report 2010 Documents available for inspection in relation to the recommended cash only partial offer by African Resources Limited 2 November 2012


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