What is Rule 26?

Rule 26 is the requirement that companies listed on the Alternative Investment Market (AIM) have a website detailing specific company financial and governance information. The following section answers specificic questions relating to AIM Rule 26 for Alba Mineral Resources Plc (a company registered in England and Wales with a company number 5285814), and having a registered office at 3rd Floor, 16 Dover Street, London, W1S 4LR, England.

A description of the company’s business:
Alba Mineral Resources is a mineral exploration company with a diverse commodity portfolio.

Names, a brief biography, responsibilities and commitees for each director of the company:
Details of the Company Directors can be found on the KEY PEOPLE page of the website.

The Company's ordinary shares are traded on AIM and the Company is therefore not formally required to comply with the provisions of the Combined Code. However, the Board is committed to high standards of corporate governance and as the Company grows the Board will review their compliance with the Code from time to time and will adopt such of the provisions as they consider to be appropriate to the size of the Company. Furthermore, the Board has collectively assumed those responsibilities that would normally be the responsibility of the Audit, Remuneration and Nomination Committees respectively.

Country of incorporation and main country of operation:
Alba was incorporated in England and Wales. The main areas of operation are Scotland, Republic of Ireland, Sweden, and the Islamic Republic of Mauritania.

Information regarding other exchanges / trading platforms that the AIM company has applied / agreed to have its securities (stock or bonds) admitted / traded:
Alba Mineral Resources' shares are only traded on the AIM

The known percentage of AIM securities that are not in public hands and the identity and holdings of significant shareholders (such information to be updated at least every 6 months):

The number of securities in issue (also detailing the securities held in treasury):
As of 3 August 2009 there are 110,320,416 shares in issue. There are no shares in Treasury.

As of 16th November 2009, the Company’s significant shareholders and the percentage of shares not in public hands are as follows:

Shareholder	Number of shares	Percentage	No. Options	No. Warrants	No. derivatives	Percentage holding if all instruments exercised
Regency Mines Plc	17,934,0477	16.3%	-	1,750,000	-	14.1
Starvest Plc	13,875,000	12.6%	-		-	9.9
EPF	4,000,000	3.6%	-	7,656,250	-	8.3
Andes Energia Plc	11,104,762	10.1%	-		-	7.9
Mr. L. O'Neill	6,200,647	5.6%	-	3,090,750	-	6.6
Mr N. Duxbury	6,200,047	5.6%	-	3,090,500	-	6.6
Dr. S. Archibald	4,019,047	3.8%	-	1,750,000	-	4.1
Mr M. Nott	5,000,000	4.5%	-	625,000	-	4.0
Dr. I. K. Anderson	3,370,000	3.2%	-	1,685,000	-	3.8
Mr. V. Williams	3,470,000	3.1%	-	1,685,000	-	3.7
Mr. F. Gardiner	3,370,000	3.1%	-	1,685,000	-	3.6

Shares not in public hands
Shareholders	Number of shares	Percentage
Regency Mines Plc	17,934,0477	16.3%
Starvest Plc	13,875,000	12.6%
Andes Energia plc	11,104,762	10.1%
Directors	9,719,094	13.8%
Total	58,132,903	52.7%

Details of any restrictions on the transfer of AIM securities:
None

The company’s most recent published annual reports (Rule 19):
All annual reports can be found on the REPORTS page of the website

All interim/half yearly (Rule 18) reports since the last published annual report:
All reports can be found on the NEWS page of the website

Notifications that the company has made in the past 12 months:
All notifications can be found on the NEWS page of the website

Articles of association, company prospectus and admission document:
All documents can be found on the REPORTS page of the website

Communications and publications to shareholders sent within the past 12 months:
All notifications can be found on the NEWS page of the website

Details of the NOMAD (Nominated Advisors) and key company advisors (brokers, accountants, lawyers and PR/IR firms):
All details of company advisors can be found on the CONTACTS page of the website

 

Full details of AIM Rule 26 are found at the following website: aim-rule26.com

 

The information on this page has been provided to fulfil the requirements of AIM Rule 26. This page was last updated on 16th January 2010.