Description of business

The company’s core business is the exploration, appraisal and development of hydrocarbon resources from fractured basement reservoirs. For further information see Company.

Details and responsibilities of directors

For details of each of the directors and their responsibilities see Board.

Board committees

The responsibilities of the Board Committees are contained in the following documents:

Corporate governance

The Board recognises its responsibility to serve the interests of shareholders in managing the Company by applying high standards of corporate governance commensurate with its size, stage of growth and the nature of its activities.

The Company is a member of The Quoted Companies Alliance, the membership organisation which represents the interests of small and mid-size quoted companies. The Quoted Companies Alliance publishes and maintains the Corporate Governance Code for Small and Mid-Size Quoted Companies (the QCA Code), which seeks to help companies apply key principles from the UK Code and other themes of governance best practice to their particular needs and circumstances in a manner which is proportionate for growing enterprises. The QCA Code sets out twelve broad principles of behavior and a set of minimum disclosures intended to reflect governance best practice and ensure that this is reported to shareholders.

The Board considers the principles and recommendations contained in the QCA Code in the context of its business and implements these in a manner which is appropriate for the size, and current stage of development of the Company, reflective of the expectations of our shareholders. The Board will continue to assess its governance arrangements in conjunction with the performance of its operations and the assessment of the effectiveness of its board.

Country of incorporation and countries of operation

Hurricane Energy plc is registered in England & Wales, Reg No: 5245689. The main country of operation is the UK. As we are incorporated in the UK, the rights of shareholders are governed by English law.

The Company is subject to the rules of the UK City Code on Takeovers and Mergers.

Constitutional documents

Our current constitutional documents: Memorandum and Articles of Association.

Details of any other exchanges and trading platforms

We are listed on AIM, the market of that name operated by the London Stock Exchange.

AIM admission document

You can view and download a copy of our AIM Admission Document here.

Number of securities in issue

The percentage of securities not in public hands is 43.4%.
The number of shares in issue: 1,227,988,123 shares with a nominal value of 0.1p each.

The percentage holdings of significant shareholders

Significant shareholder

Number of Ordinary Shares

Percentage of issued share capital

Kerogen Investments No. 18 Limited 355,408,990 28.94% 
Crystal Amber Fund Limited 148,714,088 12.11% 
Netherton Investments Limited 37,818,511 3.08% 

Annual and half-yearly reports

See Annual Reports

Notifications

All notifications made by us in the past 12 months, see News and Press Releases and Regulatory News Service.

Advisers

Details of our nominated adviser and other key advisers: See Advisers.

Last updated 26 June 2017.