The following information is provided for the purposes of complying with AIM Rule 26
Except where indicated otherwise the information was updated on 11th May 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;
All notifications the AIM company has made in the past 12 months;
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.
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);
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.
EUR ING Kenneth McNaught is a Chartered Engineer with a background in the provision of management consultancy, change management and business strategy to blue-chip engineering and support services companies. He is a member of the Institution of Engineering & Technology (MIET), the Engineering Council (CEng) and European Federation of National Engineering Associations (Eur Ing).
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.
Jonathan has some 30 years of relevant industry experience within the furniture industry. He fulfilled roles in Buying, Marketing and Retailing before being appointed Marketing Director of MFI Furniture Centres in 1997. He was latterly Trading Director at MFI.
Jonathan joined the Company on 1st October 2006 and has overall responsibility for the executive management of the Company.
Karen has extensive experience as a finance director within the construction and property sector after initially training at PwC and is a member of the Institute of Chartered Accountants in England & Wales.
Karen is responsible for managing and developing the financial accounting functions of the Company.
Kiran 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.
She is responsible for providing leadership to the Sales team in the company and also for ensuring the Marketing plan is aligned to the strategy for the Company.
The Company has 186,745,519 ordinary shares in issue of 0.1pence nominal value each. This information was last updated on 11th May 2016.
|Director||number of ordinary shares||% of ordinary shares|
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%|
|TD Direct Investing||5,679,402||3.04%|
50.5% of the Company's issued share capital is not in public hands.
2016 Interim Report
05/09/2016 Director Succession
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
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.
Following the resignation of the Company’s former chairman on 20 April 2016, due to ill health, the Board has a single non-executive director, John Lewis. Mr Lewis is not considered to be independent for the purposes of the QCA guidelines by virtue of being a significant shareholder. The Board therefore intend to appoint a new non-executive director in due course.
The Company holds regular Board meetings throughout the year and maintains control over all appropriate strategic, financial, operational and compliance issues.
Prior to the resignation of the Company’s former chairman on 20 April 2016, he was responsible for the review and approval of the remuneration paid to executive Directors. The Board intend for this role to be fulfilled by a new non-executive director independent of the Company’s management and free from any business or other relationship which could materially interfere with the exercise of their independent judgement. Should a need arise prior to the appointment of a new non-executive director taking effect this role will be filled by the interim chairman.
Prior to the resignation of the Company’s former chairman on 20 April 2016, he acted in place of an audit committee. The Board intend for this role to be fulfilled by a new non-executive director independent of the Company’s management and free from any business or other relationship which could materially interfere with the exercise of their independent judgement. Should a need arise prior to the appointment of a new non-executive director this role will be filled by the interim chairman.
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