Home Paragon Resources is principally interested in mining and natural resources opportunities in Africa and Asia but will also consider, on a limited basis, possible opportunities anywhere in the world.

AIM 26 Rule

The following information is provided in compliance with AIM rule 26

Description of the Business

The Company is an investment company. Its principal activity is the identification and evaluation of investment opportunities in the agricultural sector particularly in palm oil, rice, rubber and cocoa in Africa.

The Names of the Directors and Biographical Details

Please click here for the details of the directors and brief biographical details of each.

Directors’ Responsibilities

The Company is not required to comply with the provisions of the UK Corporate Governance Code. However, the Board recognizes the importance of sound corporate governance and the Directors intend to observe the requirements of the UK Corporate Governance Code and the Corporate Governance Code for Small and Mid-Sized Quoted Companies 2013 published by the Quoted Companies Alliance to the extent they consider appropriate in the light of the Company’s size, stage of development and resources. The Company has adopted and operates a share dealing code for Directors and senior employees on substantially the same terms as the Model Code appended to the Listing Rules of the UKLA. The Board is scheduled to meet regularly throughout the year. To enable the Board to perform its duties, each of the Directors has full access to all relevant information and to the services of the Company Secretary. Currently the Board comprises two executive and two non executive directors. The Board structure will be regularly reviewed as to the structure, size and composition (including the skills, knowledge and experience) required of the Board compared to its current position. The Company is incorporated in Jersey. The City Code on Takeovers and Mergers applies and will continue to apply Paragon Resources.

Board Committees

In view of the current size of the Board, no delegation of specific responsibilities has been made to committees at this stage. The Board will implement Audit, Remuneration and Nomination committees at the appropriate time in line with changes to the structure, size and composition of the Board.

Country of Incorporation and Main Country of Operation

The Company was incorporated in Jersey as a public limited company with the registration number 95036. The main country of operation is currently Jersey.

As the Company is not incorporated in the United Kingdom, the rights of Shareholders may be different from the rights of shareholders in a UK incorporated Company.

Current Constitutional Documents

Please click here for the Memorandum and Articles of Association.

Details of any other Exchanges or Trading Platforms.
The Company is not listed on any other exchanges or trading platforms.

Restrictions on the Transfer of Securities

There are no restrictions on the transfer of securities.

Financial Information

Please click here for financial information including our annual and interim reports

Number of Securities in Issue

Please click here for the details of the number of securities in issue, the number of securities held as treasury shares and, in so far as the Company is aware, the percentage of securities that are not in public hands together