The continuing rapid growth of the digital world means our market opportunity is vast and growing. We have put in place many of the building blocks needed to capitalise on this, including a network of global channel partners. We are confident of further progress in the year ahead as we move through to the next stages of commercialisation.
For more on our market and strategy please see our latest Annual Report.
Actual Experience is an AIM quoted company and, accordingly, compliance with the UK Corporate Governance Code (the ‘Code’) is not mandatory. However, the Company remains committed to high standards of corporate governance and seeks to comply with the spirit of the Code to the extent practicable for a public company of its size. In addition, the Company seeks to follow the recommendations of the Quoted Companies Alliance in relation to the corporate governance of companies on AIM.
The Board meets at least six times a year and in addition holds informal discussions with Executive Directors and senior operational management.
The Board has a schedule of matters reserved for its approval, which includes strategy, acquisition and disposal of subsidiaries and intellectual property, annual budgets and progress to the achievement of these budgets, reviews of any significant risks facing the Group, receiving reports on the views of Company shareholders, consideration of major capital projects, and significant financing matters. The Board has delegated certain powers and duties to the Board Committees, all of which operate within clearly defined terms of reference and in accordance with the Code, where applicable.
The Audit Committee
The Audit Committee is chaired by Sir Bryan Carsberg and the other committee members are Mark Reilly and Paul Spence. The Audit Committee determines and examines matters relating to the financial affairs of Actual Experience including the terms of engagement of the Company's auditors and, in consultation with the auditors, the scope of the audit. It receives and reviews reports from management and the Company's auditors relating to the half yearly and annual accounts and the accounting and the internal control systems in use throughout the Company.Audit Committee; Terms of Reference
The Remuneration Committee
The Remuneration Committee is chaired by Mark Reilly and the other committee members are Stephen Davidson and Sir Bryan Carsberg. The independent Non-Executive Chairperson sits on the Remuneration Committee. The Remuneration Committee reviews and makes recommendations in respect of the Directors' remuneration and benefits packages, including share options and the terms of their appointment. The Remuneration Committee also makes recommendations to the Board concerning the allocation of share options to employees under the Share Option Scheme.Remuneration Committee; Terms of Reference
The Nominations Committee
The Nominations Committee is chaired by the independent Non-Executive Chairman, Stephen Davidson, and the other committee members are Dave Page, Mark Reilly and Paul Spence. The Nominations Committee monitors the size and composition of the Board and the other Board Committees, is responsible for identifying suitable candidates for board membership and monitors the performance and suitability of the current Board on an ongoing basis.Nominations Committee; Terms of Reference
The Risk Committee
The Risk Committee is chaired by Paul Spence and the other committee members are senior managers of the Company, including the Chief Financial Officer. The Risk Committee determines the overall process to identify, manage and control risk within Actual Experience. It is responsible for developing the Risk Policy and approving any subsequent changes to its content. The Risk Committee receives reports from management on the residual risks within Actual Experience and determines the appropriate level of risk appetite for the Company.Risk Committee; Terms of Reference
Nominated Adviser and Broker
Nplus1 Singer Advisory LLP
One Bartholomew Lane
2 Temple Back East
Pricewaterhouse Coopers LLP
Capita Asset Services
34 Beckenham Road
Public Relations Adviser
1 Fore Street London
Actual Experience plc
Share Symbol: ACT
Security Restrictions: No restrictions on transfer of securities
Number of shares in issue: 44,627,588
Percentage of AIM Securities not in public hands: 57.40%
(as at 21 March 2017)
|Shareholder||Number of Ordinary Shares||Percentage of issued Ordinary Shares|
|Henderson Global Investors||6,870,974||15.40%|
|Mr. Michael Edge||3,195,000||7.16%|
|Queen Mary University of London||2,610,000||5.85%|
|Mr. Dave Page||1,932,368||4.33%|
|Professor Jonathan Pitts||1,879,750||4.21%|
|Other Directors||Number of Ordinary Shares||Percentage of issued Ordinary Shares|
|Dr. Mark Reilly||65,500||0.15%|
*Excluding share options.
The Company is not listed on any other exchanges or trading platforms. Actual Experience is subject to the UK City Code on Takeovers and Mergers.
3rd February 2017
19th January 2017
25th May 2016
5th February 2016
28th May 2015
18th May 2015
21st January 2015
21st May 2014
13th February 2014
11th February 2014
5th February 2014
Actual Experience Plc is a company incorporated and registered in England and Wales, registered number 06838738. The company's headquarter's are in the UK, with regional sales offices in the US.
This page provides access to all of the information and documentation required of us under Rule 26 of the AIM Rules. The information provided here was last updated on 21 March 2017.