RE: 1.27p paid15 Jan 2026 17:49
Payments to Directors
On 15 January 2025, the Company issued 1,484,663 Ordinary Shares in lieu of cash salary payments for the directors of the Company. This was in accordance with the cash conservation measures agreed, as an ongoing monthly arrangement. The number of issued shares was calculated by dividing the amount of monthly salary or fees to be paid in shares by the volume weighted average price ("VWAP") of the Ordinary Shares based on the last 10 days of each calendar period that the services were provided, between 1 September 2025 and 31 December 2025, at an average price of 1.64 pence per share.
Admission and Total Voting Rights
Application is being made for 4,817,996 of the new Ordinary Shares to be admitted to trading on the Main Market of the London Stock Exchange which is expected to be on or around 21 January 2026. Following this issue of 4,817,996 shares, which will rank pari passu with the Company's existing Ordinary Shares, the Company's enlarged share capital and total voting rights in the Company will comprise 326,682,302. The Company has no shares held in Treasury. This figure of 326,682,302 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.