AIM Rule 26
The company is incorporated in England and Wales and its main country of operation is the UK.
The following information is disclosed in accordance with Rule 26 of the AIM Rules and was updated on 22 December 2021.
|Business description||Rockwood Strategic Plc is an independent, AIM-quoted investment company that is invests in smaller UK public companies. The strategy identifies undervalued shares, where the potential exists to improve returns and where the company is benefitting, or will benefit, from operational, strategic or management changes. These unlock, create or realise shareholder value for investors.|
|Investment policy||Please see our Investment Policy|
|Board of Directors responsibilities and committees||Please see Board section|
|Investment Manager and Key Personnel||Team|
|Country of incorporation and main country of operation||United Kingdom|
|Current constitutional documents||Articles of Association|
|Details of any other exchanges or trading platforms||There are no other exchanges or trading platforms that RKW has applied or agreed to have its securities admitted or traded|
|Number of AIM securities||Key information and significant shareholders|
The company will report an unaudited NAV statement on a weekly basis.
In respect of listed or publicly quoted investments, the Company will value such investments weekly according to their bid price as at the close of the relevant stock exchange each Friday, or otherwise the last business day of the week, unless a bid price is unavailable in which case the midmarket price on such day will be used. If this too is unavailable the Board of the Company shall be consulted to determine an appropriate basis for valuation of the relevant investment.
To the extent that the Company has invested in unquoted investments, such investments will be valued quarterly by the investment manager as at 5 p.m. London Time, on the last business day of the relevant quarter. The quarterly valuation will be carried forward weekly until the next quarterly valuation is available. The valuation will be done in accordance with the International Private Equity and Venture Capital Guidelines except in such circumstances where the Directors are of the opinion that the International Private Equity and Venture Capital Valuation Guidelines are not appropriate, in which case the Directors, in consultation with the investment manager, shall determine an appropriate alternative valuation method.
The calculation of the estimated Net Asset Value will only be suspended in circumstances where the underlying data necessary to value the investments of the Company cannot readily, or without undue expenditure, be obtained. Details of any suspension in making such calculations will be announced through a Regulatory Information Service.
The NAV will be estimated weekly by the investment manager and published on a weekly basis, based on the most recent valuation of the portfolio and calculated in accordance with the methodology described above through a regulatory information service provider to the London Stock Exchange as soon as practicable after the end of the relevant period. In addition, the Company will publish a NAV per share for each month end, calculated on the last business day of the relevant month. The NAV per share at the company’s year-end will be subject to audit by the Company’s auditors, but otherwise will be unaudited.
|Annual accounts||Results and Reports|
|Company announcements||Regulatory News|
|Admission document and circulars||Documents|
|Corporate Governance Statement||Corporate Governance Statement|
|Takeovers and mergers||The company is subject to the provisions of the City Code on Takeovers and Mergers|
|Advisors & Corporate Information||Advisers|
|Audit Committee Terms of Reference||Terms of Reference|