RE: putting the record straight17 Nov 2018 09:51
On 31 July 2018 the Company and Mr. Sanderson will enter into a service agreement pursuant
to which Mr. Sanderson will continue as chief executive officer of the Company.
Mr. Sanderson’s employment commenced on 8 July 2015 and continues indefinitely unless and
until terminated by either party giving the other not less than 6 months’ written notice. As at the
date of this Document, Mr. Sanderson is paid a salary at the rate of £310,000. As part of the
terms of employment, Mr. Sanderson has also signed up to standard confidentiality and
inventions provisions. The agreement also contains a number of standard restrictive covenants
pursuant to which Mr Sanderson undertakes not to (without the written consent of the Board)
compete with the Company.
He also receives options and share based payments.