Here is a reply to me from AIMR regarding holdings of shares by S Jones, J P Morgan and N/S. These parties are seemingly still in the gameI apologise for the delay in responding to your query.
The disclosed substantial shareholder holdings in AIM Resources Ltd are as follows:
(i) North Sound Legacy Capital LLC 12.02% (21/03/07)
(ii) SN Jones 7.5% (19/06/07)
(iii) JP Morgan Chase & Co (9.22%)
These disclosures are in relation to shareholdings > 5% in the company and are required disclosures under Australian Corporations Law. Substantial shareholders are required to notify the ASX and/or the company when there is a beneficial shareholding >5% in a listed company.
The announcement made on AIMR on 17 August 2007 is a requirement under the AIM listing rules and relates to significant shareholdings >3% (AIM listing definition). Unfortunately we don’t have a detailed breakdown of the beneficial shareholdings > 3%, and therefore the AIM announcement represents shareholdings > 3% as listed on our Australian and London shareholder registers. As you will appreciate a number of shareholdings are held through nominee companies, including the substantial shareholder holdings noted above.
We are currently in the process of instigating a shareholder tracing program as allowed under Australian Corporations Law to enable us to better identify beneficial shareholdings in the company.
I hope this clarifies the announcement for you.
Chris Brown AIM Resources Level 2, Suite 201 80 William Street Sydney, NSW 2011
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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