Rose Petroleum plc is incorporated in England and Wales and is admitted to trading on AIM. As a result, Rose Petroleum plc is subject to the UK’s City Code on Takeovers and Mergers.
The Directors recognise the importance of sound corporate governance commensurate with the size of the Company and the interests of shareholders. As the Company grows, the Directors intend that it should develop policies and procedures in line with the recommendations of the Corporate Governance Code for Small and Mid-Size Quoted Companies published by the Quoted Company Alliance (“QCA Guidelines”) where appropriate and these are monitored on a regular basis. The Directors will continue to comply with the relevant requirements of the QCA Guidelines to the extent that they consider it appropriate having regard to the Company’s size and the nature of its operations.