The information contained within the section of this website is for the purposes of AIM rule 26.
Last updated:
26 July 2024
AIM Rule 26
Description of the business
Bowleven Limited is an independent exploration and development company focused on Africa.
Directors' names and biographies
We have an experienced management team focused on delivering our stated objectives of converting resources to reserves in Cameroon and pursuing high impact exploration opportunities in our focus area of Africa.
Country of incorporation and main country of operation
We are incorporated in Scotland, UK and have interests in Cameroon.
Any publications sent to shareholders within the last six months
Details of other current and future exchanges and platforms on which securities are traded
Bowleven Limited has traded on AIM since December 2004.
The Company is not listed on any other exchanges or trading platforms.
The number of securities in issue
As at 30 June 2024, the number of shares in issue is 1,897,772,933 with 11,913,609 being held in treasury. Therefore, the number of shares in issue with voting rights is 1,885,859,324.
The number of securities not in public hands
As far as the company is aware, the number of shares not in public hands is 58.94%. This percentage has been calculated on total shares in issue as at 30 June 2024, being 1,897,772,933.
Identity and percentage holding of significant shareholders
As at the 30 June 2024, the Company has been notified, in accordance with sections 793 to 828 of the Companies Act 2006, of the following beneficial interests of 3% or more in the company’s ordinary share capital on that date (excluding Director’s interests disclosed elsewhere):
| Shareholder | No. of Shares | % shares |
|---|---|---|
| Crown Ocean Capital1 | 1,099,987,924 | 58.33 |
| Mr Shantonu Chundur2 | 95,000,000 | 5.04 |
| OVMK Vermogensbeheer3 | 86,303,871 | 4.58 |
1 Held via Aurora Nominees Limited
2 Held via Hargreaves Lansdown Nominees Limited
3 HSBC Global Custody Nominee UK Limited
Additional legal interests in 3% or more of the company’s ordinary share capital which known to the company are as follows:
| Shareholder | No. of Shares | % shares |
|---|---|---|
| Hargreaves Lansdown | 86,387,069 | 4.58 |
| Barclays Smart Investor | 81,405,878 | 4.32 |
Source RD:IR: Shareholder analysis (June 2024).
Details of any restrictions on the transfer of AIM securities
The Board of Directors may, in its absolute discretion, and without assigning any reason therefore, refuse to register any transfers of shares which are not fully paid provided that such discretion may not be exercised in such a way as to prevent dealings in the share of a class from taking place on an open and proper basis.
Takeover regulations
The Company is subject to the UK City Code on Takeovers and Mergers.