Shares in Mapeley Limited were admitted to the Official List and commenced trading on the London Stock Exchange’s main market for listed securities in June 2005. On 19 February 2009, Mapeley Limited announced a proposal to delist its shares. Following a resolution passed by the shareholders at an extraordinary general meeting held on 18 March 2009, dealings in Mapeley Limited’s shares on the London Stock Exchange were suspended at 6.00pm on 17 April 2009. The admission of Mapeley Limited’s shares to the Official List and to trading on the London Stock Exchange’s main market for listed securities in each case was cancelled on 20 April 2009.
Mapeley Limited’s shares are no longer traded on any stock exchange and there is no trading facility or public market for them. As the shares are unlisted there is no quoted share price and, while they still have a worth, it is more difficult to ascribe a value to them.
A shareholder wishing to sell their shares needs to find a purchaser and must agree a price with the purchaser. Mapeley is not able to advise on how to find a buyer for shares or the value or price of shares. A shareholder wanting to transfer their shares into another name or who wants to notify a change of address should contact the Registrars, JCT Registrars Limited, PO Box 156, Ground Floor, Dorey Court, Admiral Park, St Peter Port, Guernsey, GY1 4EU, www.jtcgroup.com or registrars@jtcgroup.com If you hold your shares through a nominee and want to transfer them into your own name you should contact your nominee in the first instance. Mapeley Limited’s shares remain in the Crest trading system. Dividend policy is, and will remain a decision for the board of directors of Mapeley Limited.
It is likely to depend on the extent of cash generated from operations and potential uses of that cash; these include retention in the business, reduction of debt and distribution to shareholders. As a private company the regulatory and financial reporting regime which applies to listed companies does not apply to Mapeley Limited. Each year, in accordance with Guernsey company law, Mapeley Limited sends its annual report and financial statements to all shareholders on the share register at their registered address. These are prepared to comply with the provisions of The Companies (Guernsey) Law, 2008.
Mapeley Limited also holds an annual general meeting each year – information on the AGM is sent to all shareholders in advance of the meeting. If you own shares in Mapeley Limited through a nominee the shares will be registered in the name of your nominee: their name will appear in the company’s share register. The company only communicates with registered shareholders. Your nominee may not forward communications they receive in respect of your shares unless you contact them and make arrangements with them to do so. Following delisting, the Mapeley Group no longer posts financial or shareholder information on the internet.
Mapeley Limited’s registered office is at Oak House, Hirzel Street, St Peter Port, Guernsey, GY1 2NP. The company secretary is Oak Fund Services (Guernsey) Limited (www.oak.group). If you have a query which is not answered here, please contact i.r@mapeley.com and our investor relations team will endeavour to help.
