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Updated December 17, 2024

Team page


Currently there are no separate committees.  All Board members participate in all aspects of the Company's operations and reporting functions.  This will change after the Company secures its first asset. 


The Company was formed to acquire one or more target companies or businesses. The resulting investment may be in a company, partnership, special purpose vehicle or joint venture.  The Company will focus on opportunities in the natural resources sector, such as exploration, appraisal, and development, particularly projects with identified reserves and/or resources. The Company will target opportunities that require funding for development and/or increase production rates. The Company will also focus on those opportunities that would provide the Company with an economic interest (by equity, royalty or debt participation) whose potential value, over the long term, is greater than the price and costs expended by the Company to acquire them. The Company’s opportunities will not be limited to a particular geographic location. The Company has no specific Acquisition target under consideration and does not expect to engage in substantive negotiations with any target until after re-admission. The Company cannot indicate the size of the Acquisition target, and it will consider a range of prospective opportunities. Instead, the Company will primarily focus on opportunities that meet the Acquisition criteria and are likely to generate shareholder value. The Company has no current operations or principal activities, and no products or services are sold or performed by the Company. The Company does not operate in any specific market. The Company has no subsidiaries, nor does it have any branch offices. Unless required by applicable law or other regulatory process, no Shareholder approval will be sought by the Company concerning any proposed Acquisition. However, any acquisition will be treated as a reverse takeover, and the company will need to seek re-admission for the enlarged group for trading on the London Stock Exchange or to another stock exchange. Subsequent acquisitions may also be treated as Reverse Takeovers depending on their size and nature. 


The Company was incorporated and registered in England and Wales on 8 April 2021 as a private limited company with the name ACP Energy Ltd under the Companies Act. The Company was re-registered as a public limited company on 23 August 2021 with the name ACP Energy Plc.  The Company changed its name to ALT Resources on October 15, 2024.
The principal legislation under which the Company operates and under which the Ordinary Shares have been created is the Companies Act. The Company is domiciled in the United Kingdom.  


To be advised

‍


Auditors 

PKF Littlejohn LLP

15 Westferry Circus
​London E14 4HD
​United Kingdom

‍

Solicitors

Keystone Law LLP
48 Chancery Lane

London WC2A 1JF

United Kingdom 

‍

Principal bankers 

Lloyds Banking Group PLC

25 Gresham Street

London EC2V 7HN 

‍

Registrars 

Neville Registrars
Neville House

Steelpark Road  ‍

Halesowen  B62 8HD 

United Kingdom


PR/IR

Celicourt Communications Limited
4 Bream's Buildings

London EC4A 1HP

United Kingdom 


To implement its business strategy, as at the date of this Document, the Company has adopted the corporate governance structure set out below:


Governance Code 

Companies need to deliver growth in long-term shareholder value. This requires an efficient, effective, and dynamic management framework and should be accompanied by good communication, which helps to promote confidence and trust. ALT Resources is committed to the principles as documented below:


DELIVER GROWTH

  

Compliance

 

1. Establish a strategy and business model that promote long-term value for shareholders


The Board believes that the Company’s strategy, as set out in Section 1 and our annual report, will deliver long-term value for shareholders and the associated KPIs allow the Board to   monitor progress in implementing that strategy

 

2. Promote a corporate culture that is based   on ethical values and behaviours


The Board and senior management endeavour to lead by example and to demonstrate the Company values at all times. The values underpin the Company’s strong ethical culture and influence decision making and behaviours. Internal policies and practices support this, ensuring   no one is discriminated against and that the values are upheld. The Company’s Anti-Bribery and Corruption   Policy is reviewed annually. Any known non-compliance with the policy is reported to the Board as part of the Governance Report, with no reports received to date. 

 

3. Seek to understand and meet shareholder needs and expectations


The Co-Chief Executive Officers and the Chief Financial Officer intend to regularly meet with our significant shareholders to foster a mutual understanding of objectives. Feedback from these meetings and market updates, prepared by the Company’s nominated adviser and broker, will   be presented to the Board to ensure they understand shareholders’ views.


The Chairman and the other Non-Executive Directors are available to shareholders to discuss strategy and governance issues. The Directors encourage the participation of all shareholders,   including private investors, at the annual general meeting. The Annual Report, which includes the Company’s financial accounts is published on the Company’s website and can be accessed by shareholders.

 

4. Take into account wider stakeholder interests, including social and environmental responsibilities and their implications for long-term success


Our engagement with all our stakeholder groups is important in any strategic decision making, with formal and informal feedback from stakeholders being shared at Board meetings and used   to inform and influence key matters and decisions made by the Board. Our engagement in investor relations  activities, demonstrates our commitment to transparent communication with   investors. 


The Company intends to conduct itself responsibly concerning the environment and local communities in partnership with investee companies as it implements its business strategy. The Company is committed to ensuring that its investee companies practice sound environmental management, and has   policies to comply, in all material respects, with applicable environmental laws and regulations. All of Company’s employees, officers, and directors are expected to comply with our policies, programs, standards, and procedures with respect to environmental management.


The Company fosters a work environment where everyone is treated with respect and dignity. The Company is an equal opportunity employer and does not discriminate   against employees, officers, directors, or potential employees, officers, or directors based on race, colour, religion, gender, national origin, age,   sexual orientation, disability, or any other category protected by any laws   or regulations applicable in the jurisdiction where such employees, officers or directors are located. The Company will make reasonable accommodations for its directors, officers, and employees in compliance with applicable laws and regulations.

 

5. Embed effective risk management, internal controls and assurance activities,

considering both opportunities and threats, throughout the organisation


After securing its first asset the Compay with set up Audit and Remuneration Committees.  The Audit Committee will undertake a detailed review of the approach to risk management on behalf of the Board (though the   Board retains overall responsibility for setting both the framework and risk   appetite of the Company, in line with best practice. The Company has clear procedures for capital  investment appraisal, contract risk appraisal and financial reporting. The Audit Committee and Board also receive the detailed risk reviews on a   bi-annual basis which are used to inform strategy setting.


  

6. Establish and maintain the board as a well-functioning, balanced team led by the Chairperson.


The Company recognises the benefits of having a diverse Board, senior management team and workforce in general and   seeks to recruit and develop the best-qualified candidates to support and   achieve the Company’s long-term strategic and business objectives. The QCA Code recommends that an AIM company   should have at least two independent Non-Executive Directors, with which the   Company complies. The Board is satisfied that it has an appropriate balance between executive, and non-executive directors and independent directors.

 

7. Maintain appropriate governance structures and ensure that, individually and collectively, directors have the necessary up-to-date experience, skills and capabilities.


The Board is satisfied that the governance   arrangements for the business are appropriate and that the delegations in   place are effective and with strong oversight and controls The Board is   comprised of senior executives with extensive experience covering all areas   of the Company’s activities, including mining royalties and streams,   accounting and finance.

 

8. Evaluate board performance based on clear   and relevant objectives, seeking continuous improvement


The Board carries out an annual   self-assessment of its performance. This includes evaluation of the   performance and effectiveness of the Board and of its Committees. The process   is led by the Chair. The results of the evaluation are the subject of a full,   robust, and open debate at a meeting of the Board, where actions for   improvements are agreed. Progress against these actions is then monitored and reported on throughout the year.

 

9. Establish a remuneration policy which is supportive of long-term value creation and the company’s purpose, strategy and culture


The Remuneration Committee will be tasked with establishing a remuneration policy that supports long term value creation.

 

10. Communicate how the company is governed   and is performing by maintaining a dialogue with shareholders and other   relevant stakeholders


The Company communicates progress throughout   the year through Regulatory News Service announcements and in more detail in   its interim financial statements and annual report and accounts. Results of   shareholder votes are made public on the Company’s website after the meetings   concerned.


As mentioned above in principle 3, the Co-Chief Executive Officers and the Chief Financial Officer regularly meet with institutional shareholders to foster a mutual understanding not only of the Company’s trading performance but also of its governance and corporate culture


ALT Resources is subject to the UK City Code on Takeovers and Mergers 


Docs


Number of Ordinary Shares in issue and credited as fully paid

As at the date of the Prospectus filing - 30,000,000

As at Admission - 46,600,000


Credited as fully paid up amount (£)

As at the date of the Prospectus filing - 60,000


Exchange and Trading Platform

The securities of ALT Resources PLC are traded on the Standard List operated by the London Stock Exchange plc.


% of Share Capital Held 

Tristream Resources – 51.00%

Pershing Nominees - 11.80% 

Leander Christofides - 4.30% 

Paris Christofides - 4.30% 

Paul Welch – 3.07% 

La Tourelle Consulting Limited – 3.07% 

James Timothy Orbell – 3.07% 

Blumen Capital Ltd – 3.07% 


Information correct as at 16 September 2024.


Share Restrictions

The Ordinary Shares have no restrictions and will not be registered under the US Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be taken up, offered, sold, resold, transferred, delivered or distributed, directly or indirectly, within into or in the United States. The Company has not been and will not be registered under the Securities Act and SEC and the Shareholders will not be entitled to the benefits of those acts.


None


Shares in ALT Resources are only traded on the London Stock Exchange; the company has not applied or agreed to have them admitted to trading on any other exchanges or trading platforms. 


Annual Reports, Accounts and Interim Reports


Regulatory News

06.05.25 | ALTR - Board Change (pdf)Download
01.05.25 | Transaction Update (pdf)Download
11.03.25 | YE 2024 Results Uploaded to NSM (pdf)Download
24.02.25 | ALTR Notice of Cancellation (pdf)Download
10.01.25 | AGM Results Jan 2025 (pdf)Download
17.12.24 | Notice of AGM 2024 (pdf)Download
28.10.24 | Company Strategy Update (pdf)Download
15.10.24 | Name Change Effective (pdf)Download
07.10.24 | Proposed Change of Name (pdf)Download
17.09.24 | Director Appointment (pdf)Download
13.09.24 | Tristream Transaction (pdf)Download
03.09.24 | Notice of AGM 2024 (PDF)Download
07.08.24 | Updated Transaction Information (pdf)Download
27.10.23 | Concert Party Disclosure (pdf)Download
26.10.23 | Update on Proposed Transaction by ACP to acquire oil and gas interests in Ecuador (pdf)Download
28.09.23 | Update on Proposed Transaction by ACP to acquire oil and gas interests in Ecuador (pdf)Download
16.01.23 | ACP signs Sales and Purchase Agreement (pdf)Download
06.12.22 | Resignation of Auditor (pdf)Download
17.10.22 | Notice of Annual General Meeting (pdf)Download
02.03.22 | Issue of Warrants (pdf)Download
28.01.22 | Admission to Trading on London Stock Exchange & First Day of Dealings (pdf)Download
24.01.22 | Announcement of the Publication of a Prospectus and Fundraising (pdf)Download

Admission Document, Constitutional Documents and Circulars

Prospectus (pdf)Download
Articles of Association (pdf)Download

Annual Reports, Accounts and Interim Reports

31.3.25 | Interim Reports and Financial Statements (pdf)Download
17.12.24 | Annual Report & Financial Statements (pdf)Download
11.09.24 | Interim Reports and Financial Statements (pdf)Download
15.08.24 | Annual Report & Financial Statements (pdf)Download
31.12.22 | Interim Reports and Financial Statements (pdf)Download
10.10.22 | Annual Report and Financial Statements (pdf)Download

Video

Mining Royalties & Gold Boom

 In this exclusive StockBox interview, we explore how ALT Resources is set to disrupt the mining sector with its innovative royalty investment model. Chairman Mark Potter discusses the company’s plan to list on AIM, focusing on gold and critical metals while directly funding high-potential mining projects.  

Unique AIM opportunity in mining royalties

 ALT Resources Director and CFO-elect James Orbell talked with Proactive's Stephen Gunnion about the company’s unique positioning as the only royalty company listed on AIM. He shared insights into ALT Resources' strategy, including its focus on the royalty and streaming business assets and its ambitions to grow quickly with a strong entrepreneurial team. 

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