Major Shareholders

The Company has been notified of the following holdings of Ordinary Shares which represent 5% or more of its issued share capital and voting rights of the Company.

Updated: 30th June 2024

Board of Directors

The Directors of the Company and their beneficial interest in the Ordinary shares of the Company on 30th June 2024 were as follows:

*Johan Glennmo is Chair of Danir AB which holds 41,238,720 Ordinary Shares in the Company, representing 26.49% of its issued share capital and voting rights.

Convertible Loan

The Company has issued convertible loan notes with a principal value of £2,187,259.41 convertible into 21,872,594 ordinary shares.

The Notes are interest free, have a 10 year term and cannot be converted in the following circumstances:

1. If conversion would trigger a mandatory bid under Rule 9 of the Takeover Code;
2. If conversion resulted in less than 25% of the issued share capital of the Company being held by the general public; and
3. If the conversion would require the issue of a prospectus by the Company.

Registrar

The Ordinary Shares held by Shareholders who have provided electronic holding details or have requested a paper certificate are in process of been registered in the appropriate accounts or being distributed.

The Ordinary Shares held by Shareholders who have not notified the Company of their preferred method of holding shares are able to do so by contacting the Company Registrar (Avenir Registrars) at registers@avenir-registrars.co.uk

Registrar

Avenir Registrars Limited
5 St John’s Lane, Farringdon
London EC1M 4BH
www.avenir-registrars.co.uk
registers@avenir-registrars.co.uk