A quick precis before I go sailing1 Jun 2022 16:15
NSIP Reform: Innovation and Capacity Fund (Round 1): expression of interest
I hope SS has his bid in for a grant otherwise he has missed out on up to £100k.
"4. Timeline
Week commencing 28 February 22: Expression of Interest process launch
15 March 2022: Initial meeting and Q&A with applicants
8 April 2022: Expressions of Interest process close
11 to 22 April 2022: Shortlisting
27 to 29 April 2022: Provisional interview/presentation dates
3 to 6 May 2022: Bid selection
Week commencing 9 May 2022: Letter of Offer to selected LA(s)
Week commencing 16 May 2022: Acceptance of Offer from LA(s)"
Resolution 2 – Re-Appointment of Director
The Board recommends the re-appointment of Stephen Sanderson, who was appointed as a
Director following the annual general meeting of the Company held in 2015 and re-appointed
at the annual general meetings in 2016 and 2019. Mr Sanderson, being eligible, offers himself
for appointment.
Resolution 4 – Directors’ Authority to Allot Shares
This is an ordinary resolution to grant the Directors with authority to allot and issue shares and
grant rights to subscribe for shares in the Company for the purposes of Section 551 of the Act
up to the maximum aggregate nominal amount of £970,000. This resolution replaces any
existing authorities to issue shares in the Company and the authority under this resolution will
expire at the conclusion of the next annual general meeting of the Company.
Resolution 5 – Disapplication of Pre-emption Rights
Resolution 5 proposes to dis-apply the statutory rights of pre-emption in respect of the
allotment of equity securities for cash under Section 561(1) of the Act. This is a special
resolution authorising the Directors to issue equity securities as continuing authority up to an
aggregate nominal amount of £650,000 for cash on a non-pre-emptive basis pursuant to the
authority conferred by Resolution 4 above.
The authority granted by this Resolution will expire at the conclusion of next annual general
meeting of the Company.
They really are extracting the urine imo
"In respect of Resolutions 4 and 5 the Company will make available to the Shareholders
an opportunity to participate in any fundraising on terms which are the same as the
terms that will be offered to any new investors by way of an open offer.
Please note that if Resolutions 4 and 5 fail, the Company’s ability to raise further working
capital may be impacted."
Sign In
Follow the stocks
