Aim Rule 26

The information disclosed on this page is to specifically ensure compliance with Rule 26 of the AIM rules (last updated 11 May 2017).

Proposed Delisting from the Official List and Admission to AIM and Notice of Annual General Meeting on 31 March 2017
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Form of Proxy
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Results of General Meeting
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Report and Accounts year ended 30 September 2016
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Articles of Association
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Description of the Business

Lakehouse is a leading asset and energy support services business, focused on customers in the UK outsourced public and regulated services sectors. The Group delivers a range of essential services through long term contractual relationships with local authorities, housing associations and energy companies. The Group was founded in 1988 and is headquartered in Romford, Essex, currently employing over 2,000 people through offices across the UK.

Lakehouse listed on the Main Market of the London Stock Exchange in March 2015. At the Annual General Meeting of the Company held on 31 March 2017 shareholders approved the cancellation of the Company’s listing and admission to trading on the main Market and the admission of the Ordinary Shares to trading on AIM. The Company’s shares were admitted to trading on AIM on 11 May 2017.

Directors' details

Board Committees

Audit Committee

The Audit Committee comprises Robert Legget and Andrew Harrison. Robert Legget was appointed as Interim Chairman of the Audit Committee on 20 June 2016. He is a member of the Institute of Chartered Accountants of Scotland and is considered by the Board to have recent and relevant financial experience.  Andrew Harrison has a wide range of business experience, which is evidenced by his biography set out in the Directors’ Report.  The Committee meets at least three times a year. The meetings are attended by the Committee members and, by invitation, the Executive Chairman, Chief Financial Officer, senior management and representatives of the external and internal auditors. The Group’s Auditors have direct access to the Committee and the terms of reference of the Audit Committee are available on the Company’s website, covering the authority delegated to it by the Board.

Remuneration Committee

The Remuneration Committee comprises Andrew Harrison and Robert Legget. Andrew Harrison was appointed as Chairman of the Remuneration Committee on 1 August 2016. The Remuneration Committee is responsible for reviewing and making recommendations to the Board regarding the remuneration policy of the Group and for reviewing compliance against the policy. The Executive Chairman and other senior executives attend meetings of the Remuneration Committee by invitation. No individual is present when their own remuneration is being determined. The terms of reference of the Remuneration committee are available on the Company’s website, covering the authority delegated to it by the Board.

Nomination Committee

The Nomination Committee comprises the Non-Executive Directors of the Company and the Executive Chairman. Robert Legget, Andrew Harrison and Bob Holt are the current members of the Committee. Robert Legget was appointed as Chairman of the Nomination Committee on 22 July 2016. The key responsibilities of the Nomination Committee are to review the structure, size and composition of the Board, including the skills, knowledge, experience and diversity of Directors; give full consideration to succession planning for Directors and other senior executives; keep under review the leadership needs of the organisation and identify and nominate for the approval of the Board candidates to fill Board vacancies. The terms of reference of the Nomination Committee are available on the Company’s website, covering the authority delegated to it by the Board.

Country of incorporation and country of operation

Lakehouse plc is a company incorporated in England and Wales with registered number 9411297. The Group’s country of operation is the United Kingdom and its head office is in Essex, United Kingdom.

Current constitutional documents

Please click on the link to the Articles of Association.

Articles of Association

Financial information

Details of any other exchange or trading platform

The Company is not listed on any other exchange or trading platform.

Details of any restrictions on the transfer of securities

There are no restrictions on the transfer of securities.

Number of securities in issue

The share capital of the Company comprises ordinary shares of 10 pence each. Each ordinary share carries the right to one vote at general meetings of the Company. The allotted, issued and fully paid 157,527,103 ordinary shares of 10 pence each are admitted to trading on the AIM for listed securities of the London Stock Exchange. The total voting rights are 157,527,103. There are nil shares held in treasury.

Substantial shareholdings on 11 May 2017
The Company has been notified at close of business on 11 May 2017 the following parties were interested in 3% or more of the Company’s ordinary share capital.

Harwood Capital LLP as investment advisor/manager to Oryx International Growth Fund Limited, North Atlantic Smaller Companies Investment Trust plc and Harwood Capital LLP.

Shareholder

Harwood Capital LLP
Estate of Steve Rawlings
Slater Investments
Legal & General Investment Management
Stuart Black
Michael McMahon
Carol King
Sean Birrane

Number of Ordinary shares

24,575,000
24,409,196
9,193,000
8,825,898
5,535,114
5,463,890
5,337,929
4,806,114

Percentage held

15.60
15.50
5.84
5.60
3.51
3.47
3.39
3.05

Admission documents

Please click on the link to access the Company’s Admission Document.

Schedule 1 announcement

Appendix to Schedule 1 announcement as Amended on 10 May 2017

Results and Reports

Corporate Governance Code

As a company listed on AIM, Lakehouse is required to adhere to the AIM Rules for Companies but is not obliged to meet the requirements of the Governance Code.

Whether the company is subject to the UK City Code on Takeovers and Mergers

The Company is subject to the UK City Code on Takeovers and Mergers.

Nominated adviser and other key advisers

Directors and corporate information

Directors

Bob Holt
Executive Chairman

Michael McMahon
Chief Operating Officer

Jeremy Simpson
Chief Financial Officer

Robert Legget
Senior Independent Non-Executive Director

Andrew Harrison
Non-Executive Director

Company Secretary
John Charlton

Registered office
1 King George Close
Romford
Essex RM7 7LS

Company Registered Number
Registered in England. Number: 9411297

Independent Auditors
RSM UK Audit LLP
25 Farringdon Street
London
EC4A 4AB

Solicitors
Eversheds Sutherland (International) LLP
One Wood Street
London EC2V 7WS

Principal Bankers
The Royal Bank of Scotland
280 Bishopsgate
London EC2M 4RB

Financial Adviser, Corporate Broker and Nominated Adviser
Stockdale Securities Limited
Beaufort House
15 St Botolph Street
London EC3A 7BB

Registrars
Link Asset Services
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TU