Securities in Issue

Percentage of shares in public hands: 76.8%

Called up Share Capital:

31,291,876 Ordinary Shares

13,200,000 Deferred A Shares

21,800,000 Deferred B Shares

Special rights/constraints attaching to the Deferred A and B shares are as follows: 

Each deferred A share has the following rights:

•  It will carry one vote at general meetings of the company.

•  Until such time as the ordinary shares of the company have traded  on PLUS markets or any other facility recognised as a medium for trading shares at a mid-market price of not less than 6p per share for a continuous period of 28 days it shall carry no rights to dividends or to participation in the assets of the company other than a right to repayment at par on winding up of the company, such repayment to be deferred to repayment at par of the ordinary shares.

• After the time specified above, each deferred share converts into an ordinary share and has the same right to participate in dividends or to any surplus of assets of the company as each ordinary share.

The deferred B shares carry identical rights to the deferred A shares except that the conversion to ordinary shares will come into effect when the ordinary shares have been trading at a mid-market price for a period of continuous 28 days at 7.5p per share.

Substantial Shareholdings:

K CRANSWICK 10.7%

P MALIK 10.8%

R WARREN 4.3%

JIM NOMINEES LIMITED 3.7%

WINTERFLOOD SECURITIES LIMITED 3.5% 

BRUCE MCROBIE 11.4%

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