RE: The EGM vote9 Nov 2018 14:17
ORDINARY RESOLUTION
1. That the Directors be and are hereby generally and unconditionally authorised for the purposes of section 551 of the
Companies Act to exercise all the powers of the Company to allot:
a. shares in the Company and grant rights to subscribe for or to convert any securities into shares in the Company up to
a maximum aggregate nominal value of £1,512,540.46, or, if less, the nominal value of 33 per cent. of the issued share
capital of the Company; and
b. equity securities of the Company (within the meaning of section 560 of the Companies Act) up to an aggregate
nominal amount which is an amount equal to the aggregate nominal value of £3,025,080.92 or, if less, the nominal
value of 66 per cent. of the issued share capital of the Company; (such amount to be reduced by the nominal amount
of any shares allotted or rights granted under paragraph (a) of this Resolution 1 in connection with an offer by way of
a rights issue to:
i. the holders of ordinary shares in the Company in proportion (as nearly as may be practicable) to the
respective numbers of ordinary shares held by them; and
ii. holders of other equity securities, as required by the rights of those securities or, subject to such rights, as
the Directors of the Company otherwise consider necessary,
and so that the Directors of the Company may impose any limits or restrictions and make any arrangements which they
consider necessary or appropriate to deal with treasury shares, fractional entitlements, record dates, legal, regulatory or
practical problems in, or under the laws of, any territory or any other matter.
This authority shall apply in substitution for all previous authorities and shall expire at the end of the next Annual General
Meeting of the Company or, if earlier, 15 months after the date of this Resolution, save that the Company may before such
expiry make any offer or agreement which would or might require shares to be allotted or rights granted to subscribe for or
convert any security into shares after such expiry and the Directors may allot shares or grant such rights in pursuance of any
such offer or agreement as if the power and authority conferred by this Resolution had not expired.
SPECIAL RESOLUTIONS
2. THAT, subject to the passing of Resolution 1 above, the Directors be generally and unconditionally empowered for the
purposes of section 570 of the Act to allot equity securities (within the meaning of section 560 of the Act) for cash pursuant to
the authority conferred by Resolution 1 above, up to an aggregate nominal amount of £680,643.21, as if section 561 of the Act
did not apply to any such allotment.
This power shall (unless previously renewed, varied or revoked by the Company in general meeting) expire at the conclusion of
the next annual general meeting of the Company following the passing of this resolution (or, if earlier, at the close of business
on 31 December 2019), save that the Company may before the expiry of thi
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