The following information is being disclosed for the purposes of AIM Rule 26:
Description of the Business
Altus Strategies (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF) is a UK based mining royalty company generating a diversified and precious metal focused portfolio of assets. The Company’s focus on Africa and differentiated approach of generating royalties on its own discoveries, as well as through financings and acquisitions with third parties, has attracted key institutional investor backing. The Company engages constructively with all stakeholders, working diligently to minimise its environmental impact and to promote positive economic and social outcomes in the communities where it operates.
Company Directors and Biographies
Please click here for a list of the Company's directors and their biographies.
Responsibilities of the Board of Directors
Please click here for a description of the responsibilities of the members of the board of directors.
The Audit Committee comprises David Netherway, Michael Winn and Robert Milroy and is chaired by Robert Milroy.The Audit Committee is expected to meet at least twice a year and otherwise as required.
It has responsibility for ensuring that the financial performance of the Company is properly reported on and reviewed, and its role includes monitoring the integrity of the financial statements of the Company (including annual and interim accounts and results announcements), reviewing internal control and risk management systems, reviewing any changes to accounting policies, reviewing and monitoring the extent of the non-audit services undertaken by external auditors and advising on the appointment of external auditors. The Audit Committee has unrestricted access to the Company’s external auditors.
Remuneration and Nominations Committee
The Remuneration and Nominations Committee is comprised of David Netherway, Michael Winn and Robert Milroy and is chaired by Robert Milroy. It is expected to meet not less than once a year and at such other times as required. A non-executive director must be present at the meeting to form a quorum. The Committee may consult with the Company’s Chief Executive as appropriate, save for in respect of the remuneration of the Company’s Chief Executive.
The Remuneration and Nominations Committee has responsibility for determining, within the agreed terms of reference, the Company’s policy on the remuneration packages of the Company’s Chief Executive, the Chairman, the Executive and Non-Executive directors, the Company Secretary and other senior executives. The Committee also has responsibility for: (i) recommending to the Board a compensation policy for directors and executives and monitoring its implementation; (ii) approving and recommending to the Board and the Company’s shareholders, the total individual remuneration package of the Chairman, each executive and non-executive director and the Chief Executive (including bonuses, incentive payments and share options or other share awards); and (iii) approving and recommending to the Board the total individual remuneration package of the Company Secretary and all other senior executives (including bonuses, incentive payments and share options or other share awards), in each case within the terms of the Company’s remuneration policy and in consultation with the chairman of the Board and/or the Chief Executive. No Director or manager may be involved in any discussions as to their own remuneration.
The Remuneration and Nominations Committee has responsibility for the criteria used for the selection of Board members and for the identification of candidates for the Board. The Committee reviews succession plans for the Board with a view to maintaining an appropriate balance of skills and experience, considers the appropriate size and composition of the Board, and makes recommendations to the Board on the terms and conditions of appointment to, and removal and retirement from the Board.
Country of Incorporation and Main Countries of Operation
The Company is registered in England and Wales, having been incorporated on 28 April 2017 under the UK Companies Act 2006 with registered number 10746796 and the name Altus Resources Plc. The Company changed its name to Altus Strategies Plc on 06 June 2017.
The Company acquired the entire issued share capital of Altus Exploration Management Ltd (a company incorporated on 18 July 2007, which changed its name from Altus Strategies Ltd on 28 May 2017) via a share-for-share exchange with the shareholders of Altus Exploration Management Ltd, which occurred on 14 June 2017.
The Company has a number of subsidiaries as described on the structure page (please click here to view), including operations in Mali, Egypt, Cameroon, Ethiopia, Morocco and Ivory Coast.
The Company's administration headquarters are in the UK.
The Company is subject to the UK City Code on Takeovers and Mergers.
Please click here to view our Corporate Governance page.
(Last reviewed on 06 January 2021)
Current Constitutional Documents
Please click here for the Company’s Articles of Association.
Trading of Securities
The Company's shares were admitted to trading on the AIM market of the London Stock Exchange on 10 August 2017 (trading symbol "ALS") and on the TSX-V market of the Toronto Stock Exchange on 06 June 2018 (trading symbol "ALTS") and on the OTCQX Best Market in the United States on 23 September 2020 (trading symbol ''ALTUF'').
Securities in Issue and Holdings of Significant Shareholders
Restrictions on the Transfer of Shares
There are currently no restrictions on the transfer of shares.
Please click here for a list of all the Company's RNS announcements released in the last 12 months.
AIM Admission Document
Please click here for the Company's AIM admission document.
Please click here for details of the Company's Nominated Adviser and other key advisers to the Company.