Information for Investors

 


Optare Plc Matched Bargain Service
 

The Matched bargain Service is provided by Capita Asset Services on behalf of Optare Plc

Email: mbs@capitadeal.com
Telephone Capita Asset Services Helpline: +44 (0) 203 170 0234 (calls are charged at local rate plus network extras. Lines are open from 09:00 – 17:00 Monday to Friday excluding UK Bank Holidays) 

FAQ


• The service is available to new and existing shareholders who are within the EEA
• The service is operated by Capita Asset Services*
• Optare shares are considered to be a ‘Complex’ investment as they are not admitted to trading on a Regulated Market
• The service allows shareholders to buy and sell Optare plc shares off-market, confidentially, without needing to have any direct contact with the counterparty to the trade, and is a mechanism for the exchange of shares where buyers’ and sellers’ price expectations match
• On request, an application form (and for sellers a CREST Transfer) will be issued for completion and return, (with the share certificate if a seller)
• We request the minimum share price a seller wants to receive and a maximum that a buyer is willing to pay.
• Capita will then try to match a buyer and seller with similar prices, by running down the order book from the earliest application to the latest application
• There may be instances where a partial trade may be offered to a buyer/seller, depending on how many shares are being bought or sold by a matched party
• Clients can amend or cancel their orders , so long as an order has not commenced with a counterparty (buyer or seller, as appropriate)
• Fees and charges – the service is free to new and existing shareholders
If you are unsure of the process in either buying or selling Optare Plc shares, call our helpline who will explain and go through the process with you.
Neither Capita Asset Services or Optare Plc offer investment advice. It is an execution only service and is not a recommendation to buy, sell or hold, Optare Plc shares. If you are in doubt as to what action you should take, you should consult an appropriately qualified adviser

 *Capita Asset Services is the trading name of Capita IRG Trustees Limited and is authorised by the Financial Conduct Authority


Corporate Governance
 

The Directors recognise the importance of sound corporate governance. They intend to comply with the main provisions of the Combined Code wherever practicable, given the company’s size and the constitution of the Board.

The Directors have established an audit committee and a remuneration committee.

The remuneration committee will determine the terms and conditions of service, including the remuneration and grant of options to executive Directors.

Non-Executive Chairman, John Fickling, is the chairman of the remuneration committee and Non-Executive Director, Venkat Venkatesan, is a member of the remuneration committee.

The audit committee has primary responsibility for monitoring the quality of internal financial controls and ensuring that the financial performance of the company is properly measured and reported on, and for reviewing reports from the company’s auditors relating to accounting and internal controls.

Non-Executive Director, Gopal Mahadevan, is the chairman of the audit committee and Non-Executive Chairman, John Fickling, is a member of the audit committee.


Takeover Regulations

Optare plc is subject to the UK City Code on Takeover & Mergers.


Company Directors

 

John Fickling
(Independent Non-executive Chairman)

John is a qualified engineer. He has over 25 years’ experience in the transport industry as a former major shareholder and executive director of Northumbria Buses and Kentish Bus, developing the latter into one of the largest privately owned London bus companies for Transport for London. He was chief executive of Sunderland AFC for eleven years, where he oversaw the building of the Stadium of Light and the new training academy and had significant involvement in its full stock market listing in the late 1990s. John is very well known across the industry and has a keen interest in green issues in public transport. He is Chairman of the Remuneration Committee.


Steven Norris
(Independent Non-executive Deputy Chairman)

Steven started his career in the engineering and motor industries, entering into politics in 1977, when he was elected to Berkshire County Council. In 1983 he became the Member of Parliament for Oxford East and subsequently held various parliamentary positions until 1992, when he became the Parliamentary Under-Secretary of State for Transport and Minister for Transport in London. Steven was responsible for the Jubilee line extension, the largest extension of the London Underground network to date. Steven is widely known for his interest in public transport. He possesses a wealth of experience and is either currently, or has previously held roles as chairman of the National Cycling Strategy Board, director general of the Road Haulage Association, president of the Motorcycle Industry Association, a commissioner of the Independent Transport Commission, and a patron of the cyclists’ charity Sustrans and of the Campaign for Better Transport (UK) Charitable Trust. Steven holds an MA in Jurisprudence from the University of Oxford.


Gopal Mahadevan
(Non-executive Director)

Gopal is currently CFO of Ashok Leyland Ltd. Gopal is a chartered accountant and a company secretary with over 25 years’ experience in finance functions across a variety of industries. He started his career with the TTK Group and then moved to Sanmar Group, where he progressed to head of finance for their PVC business. He later joined Sify Limited to head mergers and acquisitions, legal and Nasdaq compliances, following which he joined Amara Raja Batteries as group CFO. Prior to his appointment at Ashok Leyland Ltd, Gopal was CFO of engineering company Thermax Limited. On his appointment as a Non-executive Director, Gopal became Chairman of the Audit Committee.


Venkatesan Venkataraman
(Non-executive Director)

Venkatesan is currently president of business development and strategy for Hinduja Automotive Limited, responsible for strategy, M&A and business development activities of the Hinduja Group’s automotive interests based in the UK. Starting as a graduate engineer at Ashok Leyland Ltd, he has over 30 years’ experience in industrial engineering, business and corporate planning functions. He led the Ashok Leyland Ltd negotiations for its initial stake and, subsequently, its increased stake in Optare plc.

Seshu Bhagavathula
(Non-Executive Director)

Seshu joined Ashok Leyland Ltd in 2016 as chief technology officer and spearheads the company’s global initiatives on research and new product development for commercial vehicles, buses and light commercial vehicles. Seshu is an experienced hand in the automotive industry, both in commercial and passenger vehicle segments, with his core areas of professional expertise being in research and development, innovation and strategic analysis.  Seshu holds a doctorate in highfrequency electronics and an advanced post-graduate diploma from the Space Sciences and Applications Centre.  Before joining Ashok Leyland Ltd, he was associated with Great Wall Motor Company in China, where he served as the vice president of research & development.  Prior to this, he had spent a significant part of his career with Daimler AG at multiple locations, where he was responsible for product development and integration of engineering processes. In addition, Seshu was a founding managing director of Mercedes-Benz Research and Development Center in India between 1996 and 2000.

 

Annual General Meeting

Notice is given that the Annual General Meeting of the Company will be held on 28 September 2017 at 11am at the Company's registered office:

Unit 3, Hurricane Way South,
Sherburn in Elmet,
North Yorkshire
LS25 6PT

2017 Annual Report and Accounts

Form of Proxy - General Meeting to be held on 28 September 2017


Shareholder Documents

Optare plc is incorporated in England (Registration Number 06481690), which is also its main country of operation.
The Company is not currently listed on any other exchanges or trading platforms.  (Pleasenote pop-up blockers may affect the performance of this website)

Circular Re: Final de-listing
(30 April 2015)

Circular Re: Placing
(20th December 2011)

Circular Re: Placing
(15th February 2011)

Circular Re: Placing
(29th July 2010)

Articles of Association
(June 2010) 

Circular Re: Placing
(3rd September 2009)

Supplementary Admission Document
(7th July 2008)

Admission Document
(June 2008)

Admission Document
(February 2008)

Certificate of Incorporation

Memorandum of Association


Shares in Issue

Number of shares in issue (as at 7 March 2014):
2,235,291,827 Ordinary Shares of 0.1p each.

Significant shareholders (as at 7 March 2014):
Ashok Leyland: 75.1%
Directors: 0.16%

Shares not in public hands
75.26%



Quality statement

Optare is committed to product and service excellence; designing, producing and delivering buses that meet market quality and performance criteria.

We work with our customers to ensure that our products and services meet their requirements and expectations by:

- Building and maintaining the management system through regular reviews of the systems to continuously improve,

- Continuously improving product designs, performance, reliability and after-market services,

- Training and development of employees,

- Developing partnerships with our suppliers,

- Recognizing that Quality is the responsibility of every employee extending from the Board of Directors and it is the duty of all employees to ensure these commitments are fulfilled.

All departments within our organisation work together closely to achieve product and service excellence.

The Quality Management System (QMS) and Policy will be reviewed to assess its effectiveness and opportunities for improvement

This policy is fundamental to the company’s operations. Therefore all levels of the company actively support the Quality Department in its implementation.

Graham Belgum

President