AQSE Rule 4.14

This information has been disclosed pursuant to AQSE Growth Market Rule 4.14:

AQSE Corporate and Professional Advisors

Constitutional Documents

Board of Directors

Governance Code

The Directors recognise the importance of sound corporate governance and, following Admission, have undertaken to take account of the requirements of the QCA Code to the extent that they consider it appropriate having regard to the Company’s size, board structure, stage of development and resources.

The QCA Code recommend that the board of directors should include a balance of executive and non-executive directors, such that no individual or small company of individuals can dominate the board’s decision taking. In the case of a smaller company, such as the Company, the QCA Code recommends that the board should include at least two non-executive directors who are independent.

The Company will hold regular board meetings and the Directors will be responsible for formulating, reviewing and approving the Company’s strategy, budget and major items of capital expenditure.

Admitted Securities

In respect of the Admitted Securities:

The number of securities in issue and the percentage of securities that are in public hands pursuant to rule 2.12:

The number of securities in issue: 270,712,808
The percentage of securities that are in public hands: 12.51%

The particulars of any outstanding instruments issued by the issuer convertible into, or conferring a right to subscribe for, the admitted securities, and the amount and percentage of immediate dilution assuming full exercise of rights of conversion:

Number of options in issue: None
Number of warrants in issue: None, representing in aggregate 0% of the enlarged fully diluted share capital of the Company.

A list of the shareholders holding more than five per cent of the issuer’s share capital or voting rights and the percentage held by such shareholders;

NameNumber of Ordinary Shares on Admission% of Issued Share Capital on Admission
Alison Hawksley & Andrew Gerrie Total Holding236,872,99520.4%
Phoenix Asset Management Partners Limited12,718,49929.9%
Andrew Tone9,065,41221.3%

Any restrictions on their transfer:

There are no restrictions on the transfer of securities.

Details of the exchanges or trading platforms on which they are admitted to trading: The company is traded on the Aquis Stock Exchange Growth Market and not traded on any other exchanges.

Regulatory Announcements

Company Information