The following information is disclosed in accordance with Rule 26 of the AIM
Rules for Companies last updated 20th July 2009.
Description of Business:
Listed on the London Stock Exchange, Media Corporation plc, is a leading internet media and advertising company focused on search, publishing and media sales.
Directors:
Justin Drummond - CEO
Justin Drummond founded Media Corp in Febuary 2000, six years after his first marketing business was established. Justin saw Media Corp listed on the London Stock Exchange just a year after its formation via the reverse takeover of Chrome Technology plc in May 2001. Justin has overseen the rapid growth of Media Corp and was instrumental in the £14 Million institutional placing in March 2005 and the acquisitions of both Eyeconomy Limited, a leading media agency and Search Focus Limited, a specialist in sector specific search technology and marketing.
justindrummond@mediacorpplc.com
Jason Drummond - Executive Chairman
Jason Drummond founded Virtual Internet, an online intellectual property protection and web hosting Company in 1996. Virtual Internet was admitted to AIM in January 1999 and subsequently combined a £30 Million fundraising with a move to the Official List of the London Stock Exchange in April 2000. Jason is a high profile investor and co-founder of a number of highly successful technology Companies which are listed on AIM. These Companies include Media Corporation plc (MDC), Coms plc (COMS) and Nettworx plc (NTWX).
jasondrummond@mediacorpplc.com
Nilesh Jagatia - Finance Director
Nilesh Jagatia is a qualified accountant with over 15 years experience including senior financial roles with divisions of both Universal Music and Sanctuary Records.
nileshjagatia@mediacorpplc.com
John Palmer - Non-Executive Director
Mr Palmer, aged 49, has a demonstrable track record with over 25 years' experience in the international marketing, advertising and general management arena. He previously held senior product marketing and management positions at Unilever and Mattel Toys Australia. He later went on to become the Chief Executive of Bates Malaysia, one of the largest communication groups in Asia.
Mr Palmer brings with him broad industry experience, having been responsible for a wide range of product categories including airlines, luxury goods, automobiles & financial services. More recently, Mr Palmer founded and was CEO of LetsBuyIt.com, an online retail group that was established in ten countries and listed on the German Stock Exchange.
Mr Palmer has previously held the following directorships and partnerships within the last five years: Gourmet on Tour Limited and Regenerator Limited.
johnpalmer@mediacorpplc.com
Board Committees:
Audit committee
The audit committee is charged with making recommendations to the Board on the appointment of auditors and the audit fee, for reviewing the conduct and control of the annual audit and for reviewing the operation of the internal financial controls. It also has responsibility for reviewing financial statements prior to publication.
The members of the Audit Committee are:
John Palmer (Chairman of the Audit Committee).
Jason Drummond
Nilesh Jagatia
Remuneration committee
The remuneration committee reviews the performance of the executive directors, sets the scale and structure of their remuneration and the basis of their service agreements with due regard to the interests of shareholders and reviews and approves any proposed bonus entitlement. It will also determine the allocation of share options to employees.
The members of the Remuneration Committee are:
John Palmer (Chairman of the Remuneration Committee).
Jason Drummond
The Company Secretary of the Company, Nilesh Jagatia, attends the meetings of the Remuneration Committee as secretary to the Remuneration Committee.
The Chief Executive Officer of the Group, Justin Drummond, may also be invited to attend certain meetings of the Remuneration Committee.
Country of incorporation and main country of operation
Media Corporation plc is incorporated in England (Registration Number 4058698).
Its main country of operation is the United Kingdom.
Details of any other exchanges or trading platforms
The Company is not listed on any other exchanges or trading platforms
Number of securities in issue
Total Shares in Issue: 267,083,661.00
| Major Shareholders (3% Holdings) | Number of Shares | Percentage (%) |
|
| Jason Drummond | 22,657,000 | 8.62 |
| TD Waterhouse Investor Services | 21,921,952 | 8.26 |
| Justin Drummond | 19,000,000 | 7.2 |
| Barclays Stockbrockers Limited | 14,981,933 | 5.65 |
| Steve Egan | 13,294,636 | 5.01 |
| Herald Investment Management Limited | 12,650,000 | 4.77 |
| Selftrade | 12,237,410 | 4.61 |
| Halifax Share Dealing | 12,152,584 | 4.58 |
| Paul Fraser | 10,357,500 | 3.90 |
Percentage of shares not in public hands 17.5%
Restrictions on share transfer
The shares of the Company are freely transferable
Financial information
Annual Report 2008
Annual Report 2007
Annual Report 2006
Company announcements
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Current constitutional documents
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Admission document
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Advisers
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