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Allotment of Shares

3 August, 2020

Further to the appointment of Tom Solomon as Chief Financial Officer, the Company has issued a total of 1,210,707 new ordinary shares of 2p each to Tom Solomon in accordance with his remuneration package. The award represents 0.54% of the shares in issue. The shares will not vest until 13 August 2023, being the third anniversary of the date of hire subject to Tom’s continued employment with the Company. Vesting of the award will be accelerated if Tom’s employment is terminated prior to the third anniversary by the Company without cause or by Tom for good reason or if a change in control of the Company occurs. Tom will forfeit the shares if the Company terminates his employment for cause prior to vesting or if he terminates without good reason.

Applications will be made to the London Stock Exchange for the admission of the 1,210,707 new ordinary shares to trading on AIM. Admission of the new shares is expected to take place on 13 August 2020.

As a result of this transaction the total issued share capital of the Company will increase to 223,885,612. There are 111,525 shares held in Treasury and the total voting rights will therefore be 223,774,087.

Click here for the full press release.

Allotment of Shares

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