INVESTORS

The following information is provided for the purposes of complying with AIM Rule 26

 

AIM Rule 26

Except where indicated otherwise the information was updated on 23rd November 2016. The requirements of AIM Rule 26 are as follows:
Each AIM company must from admission maintain a website on which the following information should be available, free of charge

A description of its business and where it is an investing company, its investing strategy;

Description of business

 

The names of its directors and brief biographical details of each, as would normally be included in an admission document;
and a description of the responsibilities of the members of the board of directors and details of any committees of the board of directors and their responsibilities;

Directors biographies & responsibilities

 

Its country of incorporation and main country of operation;
The Company is incorporated in England and operates principally in the UK

 

Where the AIM company is not incorporated in the UK, a statement that the rights of shareholders may be different from the rights of shareholders in a UK incorporated company;
Not applicable to the Company

 

Its current constitutional documents (e.g. its articles of association);
View the Company's PDF

Memorandum and Articles of Association.

 

Details of any other exchanges or trading platforms on which the AIM company has applied or agreed to have any of its securities (including its AIM securities) admitted or traded;
Not applicable to the Company

 

The number of AIM securities in issue (noting any held as treasury shares) and, insofar as it is aware, the percentage of AIM securities that is not in public hands together with the identity and percentage holdings of its significant shareholders. This information should be updated at least every 6 months and the website should include the date on which this information was updated.

AIM Securities in Issue

Details of any restrictions on the transfer of its AIM securities;
Not applicable to the Company

 

The most recent annual report published pursuant to rule 19 for the last three years or since admission, whichever is the lesser, and all the half-yearly, quarterly or similar reports published since the last annual report pursuant to rule 18;

Financial Reports

 

All notifications the AIM company has made in the past 12 months;

AIM Notifications

 

View the company's most recent AIM admission document together with any circulars or similar publications sent to shareholders within the past 12 months;

AIM Admission document

 

Details of the corporate governance code that the AIM company has decided to apply, how the AIM company complies with that code, or if no code has been adopted this should be stated together with current corporate governance arrangements.

Corporate Governance

 

Whether the Aim company is subject to the UK City Code on Takeovers and Mergers, or any other such legislation or code in it's country of incorporation, or any other similar provisions it has voluntarily adopted.

The Company is subject to the UK code on Takeovers and Mergers.



Details of its nominated adviser and other key advisers (as might normally be found in an admission document);

Key Advisors

 

 

John Lewis of Hungerford Investors

Description of the Company's business

John Lewis of Hungerford plc ("the Company") designs, manufactures, and retails kitchens, furniture and wall panelling direct to the public from its own showrooms and Company managed concessions throughout the United Kingdom.

In addition the Company operates a United Kingdom direct mail order business, under the name of Just Doors for replacement kitchen cabinet doors.

Manufacturing and administration is carried out from a purpose built factory at Wantage, Oxfordshire constructed in 1998.

The Company's core product line is the "Artisan®" range of kitchens and furniture. In recent years the Company has expanded its line of branded products to include the retro style Crème de la Crème kitchen.

Over the last 6 years the range has been further expanded to include the Shaker Natural Oak and Walnut collection, the Steamer Bay coastal range and the Cool urban kitchen. In 2013 a new category of Bedroom Furniture has been introduced.

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John Lewis of Hungerford

Directors' biographies and responsibilities

 

Gary O'Brien – Non-Executive Chairman

Mr O’Brien worked with companies such as Allied Lyons, Granada Group and Black & Decker and has over 15 years public company experience. He joined Max Factor in 1982 as Deputy Managing Director and Finance Director. Already experienced in business transformation, Gary built Max Factor into one of the most profitable divisions in the worldwide operation at the time. He moved on to join the Board of the Burton Group in 1986 before joining the Signet Group as Group Finance Director in 1990. More recently he has focussed on working with smaller businesses and has been involved in a management and advisory capacity within corporate finance, telecommunication, IT and financial services marketing businesses. He is currently involved in the Internet, Retailing and Property arenas. Mr O’Brien is a member of the Chartered Institute of Management Accountants and the Institute of Directors.

Mr O’Brien was appointed to the Board in 2016.

John L. Lewis – Non Executive Director

John Lewis is the founder of the Company. He trained in business management at Writtle Agriculture College, Chelmsford and agriculture at The Royal Agricultural College, Cirencester. He subsequently worked as District Agricultural Adviser for The National Agricultural Advisory Service (subsequently ADAS) in Dorset and Wales.

John held the post of Chairman and Chief Executive of the Company until 2 January 2007. Subsequently he served as Non Executive Chairman until August 2008 and currently serves as a Non-Executive Director.

Kiran Noonan – Managing Director

Kiran has spent four years "establishing a dedicated, competent and disciplined sales team", in her previous role as Sales and Marketing Director. She has been working within Sales and Operational Management for over 20 years including the retail sector and management consultancy. Her recent roles have been at Board level and she has provided a sounding board for many CEOs and MDs. She is an Associate CIPD and brings a wealth of experience in good people management and business development.

Kiran was appointed to the Board in 2013 and to the role of Managing Director during 2016.

 

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 John Lewis of Hungerford

AIM Securities in issue

The Company has 186,745,519 ordinary shares in issue of 0.1pence nominal value each. This information was last updated on 223rd November 2016.

Director number of ordinary shares % of ordinary shares
John Lewis 68,966,678 36.9%
     
     
     

 

In addition to John Lewis's holding noted above, the Company has been advised of the following interests of 3% or more in the Company's issued share capital:

Shareholder Number of ordinary shares % of ordinary shares
Mr David Stredder (Spreadex Ltd) 19,887,635 10.65%
Diggle Investments Limited 17,689,082 9.47%
Hargreaves Lansdown Asset 11,400,000 6.10%
WH Ireland 5,955,000 3.19%
TD Direct Investing 5,679,402 3.04%

 

47.6% of the Company's issued share capital is not in public hands.

John Lewis of Hungerford PLC Share Price

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John Lewis of Hungerford 

Financial Reports

2016 Final Results
2016 Interim Report

2015 Final Results
2015 Annual Report
2015 Interim Report

2014 Annual Report
2014 Interim Report
2014 AGM presentation 27th January

2013 AGM Proxy Voting Form
2013 Annual Report
2013 Interim Report

2012 Annual Report
2012 Interim Report

2011 Annual Report
2011 Interim Report

2010 Annual Report
2010 Interim Report

2009 Annual Report
2009 Interim Report

2008 Annual Report
2008 Interim Report

2007 Annual Report
2007 Interim Report

 

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John Lewis of Hungerford

Aim Notifications

08/11/2016 Pre Close Update
03/11/2016 Board Changes
05/09/2016 Director Succession
09/08/2016 Showroom Closures
29/07/2016 Board Changes
14/07/2016 Appointment of Chairman
06/05/2016 Interim Results
20/04/2016 Board Resignation
28/01/2016 Results of AGM
27/01/2016 AGM Statement
25/1/2016 Posting of Annual Report
25/1/2016 Notice of AGM
18/12/2015 Final Results
26/11/2015 Pre-close Trading Update
14/07/2015 Holding(s) in Company
02/06/2015 Director/PDMR Shareholding
26/05/2015 Trading Update
15/05/2015 Investor Day
08/05/2015 Half Yearly Report
03/02/2015 Result of AGM
02/02/2015 AGM Statement
27/01/2015 Holding(s) in Company
02/01/2015 Posting of Annual Report
23/12/2014 Final Result
24/10/2014 Pre Close Trading Update
01/09/2014 Cancellation of General Meeting
12/08/2014 Change of Name
11/06/2015 Trading Update
14/05/2014 Holding(s) in Company
12/05/2014 Director/PDMR Shareholding
06/05/2014 Holding(s) in Company
01/05/2014 Director/PDMR Shareholding
30/04/2014 New Long Term Incentive Plan
22/04/2014 Holding(s) in Company
17/04/2014 Half Yearly Report
08/04/2014 Holding(s) in Company
24/03/2014 Holding(s) in Company
04/03/2014 Holding(s) in Company
14/02/2014 New Showroom

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John Lewis of Hungerford 

Corporate Governance

The Board recognises the importance of good corporate governance practices. As an AIM listed company, the Company is not required to comply with the UK Corporate Governance Code and, whilst the Board recognise this presents the standard to aspire to, they consider complying to be impractical given the size and nature of the Company. The Board seek to follow the QCA’s Corporate Governance Guidelines for AIM Companies to the extent practical and appropriate to the size and complexity of the business.

Board meetings

The Company holds regular Board meetings throughout the year and maintains control over all appropriate strategic, financial, operational and compliance issues.

Remuneration committee

The remuneration paid to executive directors is reviewed and approved by the Chairman who is independent of the Company's management and free from any business or other relationship which could materially interfere with the exercise of his judgement.

Audit committee

The Chairman, who is independent of the Company's management and free from any business or other relationship which could materially interfere with the exercise of his judgement acts in place of an audit committee. He is responsible for ensuring the financial performance of the Company is properly reported upon and monitored.



John Lewis of Hungerford kitchen

 

Key Advisors

 

Nominated Advisers & Broker:

Smith & Williamson Corporate Finance Limited
25 Moorgate
London EC2R 6AY

 

Solicitors:

Foot Anstey
Salt Quay House
4 North Quay House 
Sutton Harbour 
Plymouth
Devon
PL4 0BN

 

Principle bankers:

Barclays Bank plc
6 Market Place
Newbury
RG14 5AY

 

Auditors:

Hill Wooldridge & Co
107 Hindes Road
Harrow
Middlesex
HA1 1RU

 

Registrars:

Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU

 

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 John Lewis of Hungerford