RE: News overdue10 Jul 2021 12:19
As previously disclosed, each of the directors of the Company has deferred a portion of their salary in order to preserve cash within the business. The amounts owed to Giles Clarke, Nick Harrison, Peter Cox and Vred von Ketelhodt in respect of contractual fees are £45,000, £45,000, £468,700 and £212,200 respectively. Giles Clarke is also owed a further £10,000 in respect of the Loan Facilities detailed above. Each of these directors has agreed to convert for such accrued sums into New Ordinary Shares at the Placing Price.