Business Description

Tax Systems plc's portfolio of products automates and simplifies the complexity of corporation tax compliance supported by excellent customer service and provision of an all-inclusive service. The lead product is Alphatax, which deals with virtually all of a company's corporation tax needs and covers practically every aspect of corporation tax.

Tax Systems plc is seeking to become a leading supplier in corporation tax and associated software. This will be delivered through a portfolio of products which automate and simplify the complexity of corporation tax compliance and by delivering exemplary levels of customer service and support through provision of an all-inclusive service, where the customer can expect regular product enhancements complemented by a wide range of professional services. 

Our strategic objective is to build on the core platform and grow the team in order to accelerate the organic growth of the business whilst seeking opportunities to acquire companies with complementary products and services.


Board of Directors


Governance


UK City Code of Takeover and Mergers

Tax Systems plc is subject to the UK City Code on Takeover and Mergers.

Share Information

Other exchanges or trading platforms where Tax Systems plc securities are admitted or traded:

Tax Systems plc is quoted on the AIM market of the London Stock Exchange under the symbol TAX.L. The Company has neither applied nor agreed to have any of its securities admitted to any other exchanges or trading platforms.

The number of securities in issue:

As at 2 November 2018, the number of share in issue was 80,703,381 ordinary shares of £0.01 each. 

The number of securities held as treasury shares:

As at 2 November 2018, the number of securities held in treasury was nil.

Percentage of AIM securities not in public hands:

As at 2 November 2018, the number of AIM securities not in public hands was 36,133,941 ordinary shares of £0.01 each, respresenting 44.77% of the issued share capital.

Identity and percentage holdings of Directors and significant shareholders:

As of 2 November 2018, the identify and percentage holdings of significant shareholders*  and Directors notified to the Company was as follows:

Name  Number of Ordinary Shares   % of Issued Share Capital 
MXC Capital Limited 20,655,461 25.59%
Lombard Odier Asset Manager (Europe) Limited 15,329,226 18.99%
Schroder Investment Management 6,729,851  8.34%
Premier Fund Managers Limited 5,228,060 6.48%
River and Mercantile Asset Management LLP 4,600,000 5.70%
BGF Investment Management Limited 2,932,174 3.63%
LF Livingbridge UK Micro Cap Fund 2,538,373 3.15%
Gavin Lyons 149,254 0.18%

 


* Significant shareholders are those deemed to be those holding 3% or more of the share capital.

Details of any restrictions on the transfer of AIM Securities:

There are no restrictions on the transfer of Tax Systems plc securities.