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