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.
Last Updated: 16 December 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.
Nothing in this section of the website shall constitute, or form part of, any offer or invitation to sell, allot or issue or any solicitation of any offer to purchase or subscribe for any securities in SyQic plc, nor shall it (or any part of it) or the fact of its publication form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment for securities in SyQic plc.
Information contained within this section of the website accessed in some jurisdictions may be restricted by law and therefore persons into whose possession such information comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdictions.
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 Dato’ Borhanuddin Osman, who will act as chairman of the committee, 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.
As a company registered in Jersey, differing rights may apply to shareholders than with companies incorporated in England and Wales.
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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About SyQic Group of Companies
SyQic is a multinational media group that delivers video streaming services to a global audience. The focus of the services are mainly to PCs and mobile devices. SyQic also operates Cool2vu, the global 360deg mobile content platform that currently features Korean drama content.
SyQic is listed on the AIM market of the London Stock Exchange and has operational presence in the UK and Asia.
SyQic is currently recruiting young talent to join its diverse and dynamic team. An exciting career and opportunity awaits individuals who are looking to make a career in the digital and broadcasting industry.