Share Structure

22 December 2025

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  Ordinary Shares Average Exercise Price Expiration
Issued Shares 45,134,991
Shares not in Public Hands 41,391,897
Free Float 3,743,097
Restricted Share Options (1) 1,945,000 £0.974 expire 2026/2028/2030/2031/2032/2034/2035
Total Fully Diluted Shares (2) 47,079,991
  1. Restricted Share Options in issue do not have voting rights and therefore, are not included in voting shares on issue calculations.
  2. Total Fully Diluted Shares are calculated as Issued Shares plus Total Restricted Share Options.

In addition:

  • on 17 September 2015, following a Share Capital Reorganisation,121,989,500 Deferred Shares of 4.7142865 pence each were created and remain in issue (“Original Deferred Shares”); and
  • on 22 December 2025, as a result of a further Share Capital Reorganisation, an additional 45,134,991 Deferred Shares of 18 pence each were created (“New Deferred Shares”).

Both the Original Deferred Shares and New Deferred Shares rank pari passu with each other and their rights are as set out in the Articles of Association (as amended 14 September 2015), which are found on the Corporate Association documents page of this website.

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