RE: A useful factual summary thread for new/prospective investors8 Jan 2024 17:22
Company is funded to H2 2024 according to the last annual report.
I liked this bit -
The Company is tightly controlling its cash
resources and, post year end, the decision
was taken not to pay cash bonuses in
relation to 2022 despite strong performance
against agreed objectives during the year.
Instead share options and LTIP Options
were granted with a three-year vesting
period and a further two-year holding
period for Executive Directors. Share price
performance conditions were set for senior
management and Executive Directors, which
must be met as a precondition if options are
to be exercised.
from the 2022 financial statement.
Staff costs come in at £14M with 170 employees. Includes directors (year 2022).
Probably a placing will be announced in June/July 2024 unless revenue picks up.