Shariah Capital At A Glance
Disclaimer: The Common Shares of Shariah Capital, Inc. have not been registered under the US Securities Act and are “restricted securities” as defined in rule 144 promulgated under the US Securities Act of 1933, as amended, and may not be offered, sold or delivered to a US person or for the account or benefit of a US Person. A purchaser of Common Shares may not offer, sell, pledge or otherwise transfer Common Shares in the US to, or for the account or benefit of, any US Person, except pursuant to an effective registration statement under the US Securities Act or an exemption from the registration requirements of the US Securities Act. Hedging transactions in the Common Shares may not be conducted, directly or indirectly, unless in compliance with the US Securities Act. For this purpose, US Person has the meaning ascribed to such term by Regulation S promulgated under the US Securities Act.
Key Information
Country of Incorporation: United States
Since the company is not incorporated in the United Kingdom, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.
Main country of operation: United States
Auditors: Rothstein Kass, 1350 Avenue of the Americas, New York, New York 10019
Legal Advisors (U.K.): Kirkpatrick & Lockhart Preston Gates Ellis LLP, 110 Cannon Street, London EC4N 6AR
Legal Advisors (U.S.): Kirkpatrick & Lockhart Preston Gates Ellis LLP, 535 Smithfield Street, Pittsburgh, Pennsylvania 15222-2312
Board of Directors
Eric Meyer, Chairman and Chief Executive Officer
Mohammad Jamjoum, Non-Executive Director
Steven Adelkoff, Chief Financial Officer and General Counsel
Committees
The Directors have established an Audit Committee, Compensation Committee and Nomination Committee, each with formally delegated rules and responsibilities. Each of the committees is comprised of the independent non-executives . The committees meet at least three times each year in respect of the Audit Committee and twice per year in respect of each of the Nomination Committee and Compensation Committee.
The Company holds at least four Board meetings throughout the year. The Board is responsible for formulating, reviewing and approving the Company’s strategy, budgets, major items of capital expenditure and acquisitions. The Audit Committee will be responsible for ensuring that the financial performance of the Company is properly reported on and monitored and for meeting the auditors and reviewing the reports from the auditors relating to accounts and internal control systems. It meets once a year with the auditors without executive board members present.
The Compensation Committee reviews the performance of the executive Directors and sets and reviews the scale and structure of their remuneration and the terms of their service agreements with due regard to the interests of Shareholders. In determining the remuneration of executive Directors, the Compensation Committee seeks to attract and retain executives of the highest calibre. The Compensation Committee also makes recommendations to the Board concerning the allocation of share options to employees. No Director is permitted to participate in discussions or decisions concerning his own remuneration.
The Nomination Committee meets as required for the purpose of considering new or replacement appointments to the Board.
Number of Shares Outstanding: 59,925,832
Number of Securities in Issue: 60,344,132
Number of Securities Held in Treasury: 418,300
Significant Shareholders: 78% of the Common Shares are held by Eric Meyer and related family trusts. Another 5.1% are held by the Dubai Multi Commodities Centre Authority (an agency of the Dubai Government).
Additional information: See the About Us tab adjacent to this Investor Relations page. The Notifications section includes Shariah Capital’s Regulatory News Releases. Other company press releases can be found on the News tab of this website. Further information about the listing is also available at www.londonstockexchange.com.
All information provided has been disclosed pursuant to Rule 26 of the AIM Rules for Companies.