AIM Rule 26

Hurricane's core business is the exploration, appraisal and development of hydrocarbon resources from fractured basement reservoirs. For further information, see About Us.

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

The composition of the Board's committees are outlined on the Governance page. The terms of reference documents, outlining each committees’ responsibilities are available for download below.

Hurricane continually align its governance with best practice and reports on a voluntary basis against the provisions of the UK Corporate Governance Code 2018 (the Code) on a comply or explain basis, commensurate with the standards expected by stakeholders of premium listed companies. The Code and associated guidance are available on the Financial Reporting Council website at www.frc.org.uk . During the year we have not fully complied with the following provisions of the 2018 Code:

• Provision 2.11 – For most of the year, less than half of the Board was independent; and
• Provision 3.18 – All directors are not subject to annual re-election. In accordance with Article 64 of the Company’s Articles of Association, at least one-third of the Board stood for re-election at the Company’s AGM.

The Board has so determined that any divergence from the 2018 Code is in the best interests of the Group as outlined in the Company’s Annual Report and Accounts 2019. 

The date of this statement is 8 April 2020.

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.

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

Our current constitutional documents are available on the Corporate documentation page.

Hurricane's Ordinary Shares are admitted to trading on AIM, the market of that name operated by the London Stock Exchange. There are no restrictions on the transfer of securities.

Hurricane's 7.50% convertible bonds due 2022 and issued on 24 July 2017 are listed on the International Stock Exchange, the market of that name based in the Channel Islands and operated by The International Stock Exchange Group Limited. Further details are available on the Convertible bond page.

You can view and download a copy of our AIM admission document here. Our notices to shareholders of general meetings are available here and other shareholder circulars are available here.

As at 2 October 2020, the number of ordinary shares of £0.001 each in Hurricane Energy plc in issue was: 1,991,871,556.

The percentage of securities not in public hands was 1.42%.

* TR-1 notification dated 28 September 2020

Last updated 7 October 2020

See Annual Reports.

For all notifications made by us in the past 12 months see our Regulatory News Service.