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Lo-Q plc is an AIM (Alternative Investment Market) listed company. We have active subsidiary companies in USA and Canada and generate our revenue from virtual queuing systems in theme parks.
Lo-Q plc is committed to high standards of corporate governance. This page provides access to the management and financial information required by Rule 26 of the AIM rules for companies.
Biographies of our senior management team and our non-executive directors are available on the Management page.
The Board of the Company is primarily responsible for the strategic direction of the Group and comprises the chairman, the senior executive directors and two non-executive directors. The Board is satisfied that, each of the non-executive directors have no relationships or other matters which could affect their respective judgment in carrying out their duties and, accordingly, they are considered by the Board to be independent of management.
Detailed proposal papers, management reports, a risk register, progress on key initiatives and routine matters such as financial reports and a statement on current trading are produced in advance of meetings to enable proper consideration and debate of matters by the Board in its meetings. Major strategic initiatives involving significant cost or perceived risk are only undertaken following their full evaluation by the Board. Matters of an operational nature are delegated to the executive management. The board's meetings are properly minuted.
The Company has appointed a remuneration committee consisting of the independent non-executive directors (John Lillywhite and Tony Bone, who chairs its meetings). The committee takes regard of the return to the shareholders in its deliberations. It reviews the performance of the executive directors, sets their remuneration, considers the grant of options under any share option scheme and ensures that the executive directors are properly rewarded and motivated. In addition, they provide guidance on pay and conditions for other employees in the Group. The remuneration committee meets on an "as required" basis.
The Company has appointed an audit committee chaired by John Lillywhite, with Tony Bone as its other member. It is responsible for ensuring that appropriate financial reporting procedures are properly maintained with adequate reporting. They review the reports on the accounts of the Group's auditors and ensure the Group operates appropriate internal controls. It also reviews the performance of the Group's auditors to ensure an independent, objective, professional and cost-effective relationship is maintained. As well as reviewing the Company's published financial results, the committee reviews the Group's corporate governance processes, accounting policies and procedures, reporting to the Board on any control issues identified. The audit committee meets at least twice per year to review the interim and annual financial statements and to consider any other associated matters.
A list of our patents and patent applications are given on our Research and Development page.
Lo-Q plc is registered in England and Wales (Number 3959429).
Shares in Issue - 17,270,140
of which 27.3% are not in public hands
| Major shareholders and directors shareholding (as of 15th December 2011) | Number of Ordinary Shares |
% Issued Share Capital |
|
| Mr Leonard Sim | Director | 3,243,575 |
18.78% |
| Mr Anthony Bone | Director | 381,517 |
2.21% |
| Mr John Lillywhite | Director | 145,500 |
0.84% |
| Mr David Gammon | Director | 30,000 |
0.17% |
| Mr John Weston | Director | 55,700 |
0.32% |
| Mr John Alder | Director | 6,612 |
0.04% |
| Lo-Q Employee Benefit Trust | 853,818 |
4.94% |
|
| Octopus Investments Nominees Limited | 1,394,000 |
8.07% |
|
| Prudential plc group of companies | 874,386 |
5.06% |
|
| Mr Ian K Johnson | 555,000 |
3.21% |
|
For details of the investment opportunity with Lo-Q plc, please contact:
| Nominated advisor and broker |
Canaccord Genuity Ltd 7th Floor, Cardinal Place, 80 Victoria Street, London SW1E 5JL Tel: 020 7050 6500 |
|
| Company secretary / registered office |
Martha Bruce, David Venus & Company Thames House, Portsmouth Road, Esher, Surrey KT10 9AD |
|
Financial Public Relations |
FTI Consulting |
|
| Auditors | Menzies Chartered Accountants & Registered Auditors
|
|
| Registrar | SLC Registrars Limited |
