RE: Full results and agm 30 june6 Jun 2025 19:19
10. To authorise the Directors of the Company generally and unconditionally pursuant to section 551 of the
Companies Act 2006 (the ‘Act’) (in substitution for all existing authorities granted to the Directors of the
Company under section 551 of the Act (to the extent that they remain in force and unutilised) other than
resolution 10 passed at the annual general meeting of the Company held on 28 June 2023 which shall remain
in force) to exercise all powers of the Company to allot shares in the Company and to grant rights to subscribe
for or to convert any security into such shares (‘Rights’):
10.1. up to an aggregate nominal amount of £13,056,350 (being approximately one third of the issued
ordinary share capital of the Company as at the date of this notice); and
10.2. up to an aggregate nominal amount of £26,112,700 (such amount to be reduced by the aggregate
nominal amount of shares allotted and Rights granted under the authority conferred by virtue of
resolution 10.1) in connection with or pursuant to a fully pre-emptive offer (as defined below in
resolution 11),
provided that such authorities shall expire on the earlier of the date falling six months from the end of the
current financial year of the Company and the conclusion of the next Annual General Meeting of the Company
after the passing of this resolution unless varied, revoked or renewed by the Company in general meeting,
save that the Company may, before the expiry of the authorities granted by this resolution, make a further offer
or agreement which would or might require shares to be allotted or Rights to be granted after such expiry and the Directors of the Company may allot shares and grant Rights in pursuance of such an offer or agreement
as if the authorities conferred by this resolution had not expired.
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