NASTY RNS -VOTE AGAINST RESOLUTIONS 5 AND 61 Jun 2023 15:07
For the sake of existing shareholders including Amati ,Barnard Nominees and Edale Capital LLP who have not realised the serious threat of being extensively diluted by this BOD, please read resolutions 5 and 6 copied below and vote against them to protect your holding
5. THAT the Directors be and they are hereby generally and unconditionally authorised pursuant to Section 551 of the Act,
in addition to the authority set out above in resolution 4, to exercise all the powers of the Company to allot and make
offers to allot relevant securities (within the meaning of the Act) up to an aggregate nominal amount £568,879.66 such
authority shall, unless previously revoked or varied by the Company in general meeting, expire on the conclusion of the
Annual General Meeting of the Company to be held in 2024 provided that the Company may, at any time before such
expiry, make an offer or enter into an agreement which would or might require relevant securities to be allotted after
such expiry and the Directors may allot relevant securities pursuant to any such offer or agreement as if the authority
conferred hereby had not expired.
6. THAT the Directors be and they are hereby authorised pursuant to Section 570 of the Act to allot equity securities (as
defined in Section 560 of the Act) for cash pursuant to the authority conferred by resolution 5 above as if Section 561(1)
of the Act did not apply to any such allotment, provided that this power shall be limited to:-
(a) the allotment of equity securities in connection with an issue in favour of shareholders where the equity securities
respectively attributable to the interests of all such shareholders are proportionate (or as nearly as may be
practicable) to the respective number of Ordinary Shares in the capital of the Company held by them on the record
date for such allotment, but subject to such exclusions or other arrangements as the Directors may deem necessary
or expedient in relation to fractional entitlements or legal or practical problems under the laws of, or the
requirements of, any recognised regulatory body or any stock exchange, in any territory;
(b) the allotment of equity securities arising from the exercise of options or the conversion of any other convertible
securities outstanding at the date of this resolution; and
(c) the allotment (otherwise than pursuant to sub-paragraph (a) and (b) above) of further equity securities up to an
aggregate nominal amount of £430,969.44;
provided that this power shall, unless previously revoked or varied by special resolution of the Company in general
meeting, expire at the conclusion of the Annual General Meeting of the Company to be held in 2024. The Company may,
before such expiry, make offers or agreements which would or might require equity securities to be allotted after such
expiry and the Directors are hereby empowered to allot equity securities in pursuance of such offers or agreements as if
the power conferred hereby had
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