Shareholders and Securities

The company is incorporated in the Cayman Islands and therefore the rights of shareholders may be different from the rights of shareholders in a UK incorporated company

The Company is dual listed on AIM under the trading symbol CHOC and on the Bolsa de Valores de Lima S.A. (BVL) under the trading symbol CHOC.

The Company also has secured convertible bonds listed on the ISDX Growth Market, which are due 30 June 2019.

Share Information

LSE AIM Ticker - CHOC

Share Capital

There are 19,171,574 shares outstanding.

United Cacao Limited SEZC has an equity incentive program with seventeen key management and staff participants. This incentive program comprises a total pool of 1,872,500 options with exercise prices between US$1.00 and US$2.00 per share. The total awarded option pool has an average exercise price of US$1.47 and has a vesting schedule until 31 December 2017. Of this total option pool, currently only 417,500 options are vested and exercisable as of 27 October 2015; these 525,000 options have an average exercise price of US$1.45 per share

On 27 October 2015, the Company announced the issuance of US$ 6,080,000 of convertible bonds due 30 June 2019. These bonds are listed on the ICAP Securities & Derivatives Exchange (ISDX) in London and are eligible to convert into a maximum of 1,788,235 shares subject to the bondholder having served an appropriate notice to convert to the Company between 2 May 2019 and 10 June 2019.

The Percentage of Securities Not in Public Hands

In accordance with the AIM Rule 26, in so far as the Company is aware, the percentage of the Company’s issued share capital that is not in public hands is 69.6%.

Number of Securities Held in Treasury

None.

Significant Shareholders

As of 6 January 2016, the Company is aware of the following persons or institutions that hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached:

Company or Individual

% Holding

Shares

East Pacific Capital Private Limited 1

27.3

5,239,821

Minetta Peru Investors 2, LLC

14.4

2,764,000

Yutaka Hashimoto

7.1

1,368,279

Cacao investment Partners Limited 2

6.5

1,239,000

Cacao investment Partners II Limited 2

5.9

1,136,000

Eric Varvel

5.2

990,000

Total (above 3%)

66.4

12,737,100

Note:
1
Wholly owned and controlled by Dennis Melka, the Company’s Executive Chairman and Chief Executive Officer. Inclusive of shares held in personal capacity.

2 Entities managed by Pacific Agri Capital SEZC Limited

Last updated on 6 January 2016

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