Nova Resources Limited commenced trading on the London Stock Exchange AIM, on Friday 11th May 2007; its stock symbol is “NOVA”.
Current stock price can be found here
The information has been disclosed pursuant to Rule 26 of the AIM Rules for Companies and was last updated on 3rd January 2012.
Nova Resources Limited was formerly known as "Tembusu Investments Limited."
AIM Securities
- The Company has 70,000,000 Ordinary Shares of 1p each in issue as at 3rd January 2012. It does not have any shares held in treasury.
- The percentage of AIM securities which are in issue that are not in public hands is 78.57%
- There are no restrictions on the transfer of the Company's AIM securities
Shareholder Details
The identity and percentage holdings of significant shareholders
| Name | No of Shares | % of Issued Share Capital |
| SHWECO NOMINEES LIMITED | 6,610,000 | 9.44% |
| SHINE LINK LIMITED | 45,000,000 | 64.29% |
| BERNHOLZ LIMITED | 10,000,000 | 14.29% |
Last updated on 3rd January 2012
Board and Management
Charles Alexander Green, Chairman (Non-Executive Director)
Mr. Green has significant experience in corporate transactions and was responsible for the stock market flotation of Sheffield United Football Club in 1997. He has held a number of directorial positions including Chief Executive Officer of Source BioScience Plc (formerly Medical Solutions).
Mr. Green held the position of Business Development Director at Texas Group Plc ("Texas") where he orchestrated the purchase by Texas of a controlling stake in L Gardner which was floated on the official list in Nov 1995.
Chung Dongwook, Deputy Chairman (Executive)
Mr Chung is a businessman living in Mongolia and has been involved in a number of natural resources ventures. He has a network of contacts in Mongolia.
Chan Fook Meng, Chief Executive Officer
Mr Chan obtained a law degree from the National University of Singapore in 1985 and was called to the Singapore Bar on 12 February 1986. He has since then practiced as an advocate and solicitor in Singapore in various firms. In the course of his work, Mr Chan has handled and been involved in a number of corporate finance matters and various mergers and acquisitions. Mr Chan was on the board of directors of a SESDAQ listed entity in Singapore for about 18 months until 27 April 2005. During this time, he dealt with issues relating to the rescue and restructuring of this company and its acquisition of several businesses.
Mr. Chan is a Director of Tembusu Investments Limited (AIM Listed), Tricor plc (AIM Listed) and Mandarin Mining plc (PLUS Listed).
Nazim Khan, Non-Executive Director
Mr. Khan, a solicitor, was called to the Bar in 1990 and subsequently to the Singapore Bar in 1992. He has worked as a commercial attorney for several law firms in Singapore before moving into corporate finance, restructuring and mergers and acquisitions. Mr. Khan has also been active in energy and resource based work in emerging markets. He is currently on the board of Tricor Plc.
Corporate Governance
Board Committees and Membership
There are four committees of the Board of Directors.
| Management Committee | Audit Committee | Remuneration Committee | Nominating Committee | |
| Mr Chung Dongwook |  |
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| Mr Chan Fook Meng | |
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| Mr Charles Alexander Green | |
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| Mr Nazim Khan | |
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Corporate Governance Documents
Corporate Structure
Under Construction
Investing Policy
The Company’s Investing Policy is to focus on building up businesses, or alternatively identifying and acquiring quoted and unquoted businesses, that are involved in providing services and facilities to support, assist and serve the natural resources industries, in particular exploration, mining and extraction of resources. The services and facilities that are to be within the scope of the investing strategy will include transportation, logistics, processing, testing and storage. The investing strategy will extend to companies and businesses that are engaged in trading of natural resource products and commodities, including but not limited to coal, owning natural resources, mines and tenements and exploration and extraction rights for natural resources of any kind, developing and construction of infrastructure for transportation, including building roads and building and owning plants for the conversion and processing of coal to useable fuel in each case in any part of the world.
The Company’s investment strategy will continue to include real estate, investment and development, including the operation of businesses that can be combined with real estate interests based in Asia, though other geographical areas will be considered should appropriate opportunities occur which could benefit the Company.
By actively investing in businesses with complementary areas of expertise, which may for example include in relation to the natural resource sector, including exploration, processing, inspection, testing, aviation, maintenance and similar activities and in the real estate sector, real estate, education, hotels, mortgage financing and other such activities, the Directors believe that it is possible to generate considerable opportunities for the cross selling of services between the different operations and countries. The Directors also intend to continue to make minority investments in such businesses where it would be a passive investor, but where those investments provide the opportunity for enhancing the growth prospects of the Company.
With regard to the acquisitions that the Company expects to make, the Directors may adopt earn-out structures, with specific performance targets being set for the sellers of the businesses acquired, and with suitable metrics applied.
The Company may invest by way of hiring appropriate persons to build up a business or by outright acquisition or by the acquisition of assets, including intellectual property, of a relevant business, partnerships or joint venture arrangements. Such investments may result in the Company acquiring the whole or part of a company (which in the case of an investment in a company may be private or listed on a stock exchange, and which may be pre-revenue), and such investments may constitute a minority stake in the Company or project in question. The Company’s investments may take the form of equity, joint venture debt, convertible instruments, licence rights, or other financial instruments as the Director deem appropriate.
The Company will be both an active and a passive investor and the Directors will place no minimum or maximum limit on the length of time that any investment may be held.
There is no limit on the number of projects into which the Company may invest, nor the proportion of the Company’s gross assets that any investment may represent at any time and the Company will consider possible opportunities anywhere in the world.
There are no borrowing limits in the Articles of Association of the Company. The Directors do not intend to acquire any cross-holdings in other corporate entities that have an interest in the Ordinary Shares.
There are no restrictions in the type of investment that the Company might make nor on the type of opportunity that may be considered other than set out in this Investing Policy.
As the Company’s ordinary shares are traded on AIM this provides a facility for shareholders to realise their investment in the Company. In addition, the Directors may consider from time to time other means of facilitating returns to shareholders including dividends, share repurchases, demergers, schemes of arrangement or liquidation.
Nova News
Under Construction
Reports and Notifications
Annual and mid-year reports:
| Date | Headline |
| 26-Sep-11 | Mid-year Report 2011 |
| 27-Jun-11 | Annual Report 2010 |
| 28-Sep-10 | Mid-year Report 2010 |
| 05-May-10 | Annual Report 2009 |
| 28-Sep-09 | Mid-year Report 2009 |
| 29-Jun-09 | Annual Report 2008 |
| 29-Sep-08 | Mid-year Report 2008 |
| 30-Jun-08 | Annual Report 2007 |
| 20-Sep-07 | Mid-year Report 2007 |
The admission document together with documents sent to shareholders in the past 12 months
Notifications
Logistics
Nova Resources Limited (“Nova Resources”) has invested indirectly in a logistic services business. The business is being conducted by ZHCH Mining LLC.
ZHCH is 100% owned by Salins Limited. Salins Limited is 100% owned by Nova Mongolia Pte Ltd (“Nova Mongolia”). Nova Mongolia is 100% owned by Nova Resources.
ZHCH Mining LLC has entered into a coal transportation contract with Transgobi LLC (which office is at 15, Central Tower, Sukhbaatar Square-2, Sukhbaatar District, 8th khoroo, Ulaanbaatar 14200, Mongolia) to transport coal from its Ukhaa Khudag coal mine, located at Tsogttsetsii soum, Umnugobi aimag, Mongolia to Tsagaan Khad, Mongolia (the “Contract”).
The services pursuant to the Contract will now commence on 15 May 2012. The Board of Directors are informed that the management of ZHCH expects that if the Contract is executed efficiently and management performs, ZHCH's annual revenue could be about US$30,000,000.00 (about GBP19,000,000) and annual net profit could be about US$8,000,000 (about GBP5,000,000).
Transgobi LLC is 100% owned by Energy Resources LLC (“ER”). ER is a coking coal producer and exporter in Mongolia; which owns and operates the Ukhaa Khudag high-quality coking coal deposit located within the Tavan Tolgoi coal formation in the South Gobi province of Mongolia. ER is considered as one of the largest coking coal producers in Mongolia. More information on ER and Transgobi may be found at http://www.energyresources.mn/ and http://www.energyresources.mn/about/show/id/8.
Adviser Details
Details of nominated advisers and key advisers
Nominated Advisor & Broker:
Daniel Stewart & Company Plc
Becket House, 36 Old Jewry
London, EC2R 8DD
Solicitor:
Pritchard Englefield
14 New Street, London EC2M 4HE, United Kingdom
DX 88 London
Bermuda Legal Adviser:
M Q Services Limited
Victoria Place, 31 Victoria Street, Hamilton HM10, Bermuda
Reporting Accountant and Auditor:
Jeffreys Henry LLP
Finsgate
5-7 Cranwood Street
London EC1V 9EE
Channel Island Registrars:
Computershare Investor Services (Jersey) Limited
Queensway House
Hilgrove Street
Jersey JE1 1ES
Channel Islands
Depositary:
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
Bristol BS99 6ZY
600 North Bridge Road