15 July 2015
RESULT OF AGM
SyQic (AIM: SYQ), the fast growing provider of live TV and on-demand video content across mobile and internet-enabled consumer devices, announces that at the annual general meeting held today, all resolutions put to shareholders were duly passed... [more+]
AIM RULE 26
This area of the website contains all information which is required to be disclosed in accordance with Rule 26 of the AIM Rules and is disclosed for that purpose.
Page Last Updated: 28 May 2015
Information made available in this section of the website, including an admission document, is disclosed solely for the purposes of and in accordance with the disclosure obligations required by Rule 26 of the AIM Rules for Companies of the London Stock Exchange. It is information relating to SyQic plc and each document in this section of the website is individually dated.
The information may have been published some time ago and reflects the position at the time of publication. No further undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of SyQic plc or any of its directors, officers, partners, employees, agents or advisers or any other person as to the accuracy or completeness of the information or opinions contained in these documents and no responsibility or liability is accepted by any of them for any such information or opinions other than that which was undertaken or accepted at the time of its publication.
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BOARD OF DIRECTORS
NOMAD AND KEY COMPANY ADVISERS
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Tel: +44 17 5388 0628
Packhorse Road, Gerrards Cross,
Buckinghamshire, SL9 8BQ
The UK Corporate Governance Code, which was updated in September 2012, applies only to companies on the Official List and not to companies admitted to AIM. However, the Directors recognise the importance of sound corporate governance and intend that the Group will comply with the provisions of the Corporate Governance Code and the Corporate Governance Guidelines for Smaller Quoted Companies, as published by the Quoted Companies Alliance, insofar as they are appropriate given the Group’s size, nature and stage of development. As the Company grows, the Directors intend that it should develop policies and procedures which reflect the Corporate Governance Code, so far as it is practicable taking into account the size and nature of the Company.
The Board is responsible for formulating, reviewing and approving the Group’s strategy, budgets and corporate actions. Following Admission, the Group intends to hold Board meetings at least quarterly each financial year and at other times as and when required.
The Group has established properly constituted audit, AIM compliance and remuneration committees of the Board, all with formally delegated duties and responsibilities.
The audit and AIM compliance committee has primary responsibility for monitoring the quality of internal controls and ensuring that the financial performance of the Group is properly measured and reported on. As well as ensuring compliance with the AIM Rules concerning disclosure of information, it will receive and review reports from the Group’s management and auditors relating to the interim and annual accounts and the accounting and internal control systems in use throughout the Group. The audit and AIM compliance committee will meet not less than twice in each financial year and will have unrestricted access to the Group’s auditors. Members of the audit committee are Chak Kong Soon, who will act as chairman of the committee, Dato’ Borhanuddin Osman, David Cotterell and Dicky Tjokrosaputro.
The remuneration committee will review the performance of the executive directors and make recommendations to the Board on matters relating to their remuneration and terms of employment. The committee will also make recommendations to the Board on proposals for the granting of share options and other equity incentives pursuant to any share option scheme or equity incentive scheme in operation from time to time. The committee will meet as and when necessary to assess the suitability of candidates proposed for appointment by the Board. In exercising this role, the Directors shall have regard to the recommendations put forward in the Corporate Governance Code.
Given the Group’s current size, the Board has not considered it necessary to constitute a nominations committee and the Board as a whole will consider the appointment of directors of the Company.
The Company is subject to the City Code on Takeovers and Mergers, as published by the Panel on Takeovers and Mergers and updated from time to time.
SyQic is a fast growing provider of live TV and on-demand video content across mobile and internet-enabled consumer devices. Incorporated in Jersey and headquartered in the UK, it has a rapidly expanding service footprint in Asia as well as throughout Europe, South America, Central America and India.
SyQic is a pioneer of video streaming technologies with the Group’s in-house R&D ensuring the SyQic offering remains at the cutting edge of developments in mobile technology.
The Group operates a number of very successful subscription based mobile pay tv services through strategic partnerships with Tier 1 telcos throughout the Southeast Asia region.
More recently, the Group launched its global Korean themed entertainment platform called "Cool2vu." The mobile compatible service (www.cool2vu.com) is available in seven different languages and has an addressable customer base of 3.13 billion people across four geographic regions. It is currently advertising supported until a subscription service is introduced later in 2015 and provides Cool2vu customers with access to an enhanced library of high quality drama and Korean entertainment content.
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