REG - Genedrive PLC - Completion of placing

GenedriveAnnouncement

10/05/2024 07:00

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RNS Number : 8952N  Genedrive PLC  10 May 2024

10 May 2024

THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE INFORMATION CONTAINED
HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF
AMERICA, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN OR
INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR
BREACH OF ANY APPLICABLE LAW OR REGULATION.

FURTHER, THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY
OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO
ANY PERSON SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN GENEDRIVE PLC IN ANY
JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF
REGULATION (EU) NO 596/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF
16 APRIL 2014 ON MARKET ABUSE (MARKET ABUSE REGULATION) AS RETAINED AS PART OF
UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AS AMENDED.

UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

genedrive plc

("genedrive", the "Group" or the "Company")

Completion of Placing

Manchester, UK - 10 May 2024: genedrive plc (LSE: GDR), the point of care
pharmacogenetic testing company, announces the completion of the placing (the
"Placing") (incorporating a Firm Placing and a Conditional Placing), which was
announced yesterday.  The new ordinary shares to be allotted pursuant to the
Placing are to be issued at an issue price of 1.5 pence per share (the "Issue
Price").  The Company also announced a proposed financing on the "REX"
platform to new and existing retail investors at the Issue Price (the "REX
Offer") to raise approximately £3.5 million and that it will also be making
an Open Offer to Qualifying Shareholders, also at the Issue Price, to raise up
to approximately £2.1 million (the "Open Offer") which together with the
Placing and the REX Offer is the "Fundraising").

The Company announces that it has successfully placed 138,799,994 Placing
Shares at the Issue Price with investors made up as to 11,173,994 Firm Placing
Shares and 127,626,000 Conditional Placing Shares resulting in gross proceeds
of approximately £2.1 million.

As previously announced unless the Fundraising, in aggregate, raises gross
proceeds of not less than £6.0 million (the "Minimum Proceeds") it will not
proceed other than the Firm Placing (should that element of the Fundraising
become unconditional).  Accordingly, the Company needs to raise a minimum of
approximately £3.9 million (gross) from the REX Offer and the Open Offer so
that the Minimum Proceeds are raised.

 

11,173,994 Firm Placing Shares will be issued and allotted under the Company's
existing share capital authorities.  127,626,000 Conditional Placing Shares
and such number of REX Offer Shares and Open Offer Shares that are subscribed
for will be issued and allotted conditional on shareholder approval at the
General Meeting expected to be convened later this month. The Company expects
to post the circular, including the notice of General Meeting in the coming
days.

The Fundraising (excluding the Firm Placing) is conditional on, amongst other
matters, the passing of the Resolutions at the General Meeting. It is expected
that the Firm Placing will complete on or around 8.00 a.m. on 15 May 2024,
being the expected date of Admission of the Firm Placing Shares.  The Placing
is also conditional upon the Placing and Open Offer Agreement between the
Company and Peel Hunt becoming unconditional and not being terminated in
accordance with its terms.

The Firm Placing Shares and the Conditional Placing Shares represent 97 per
cent. of the issued ordinary share capital of the Company prior to the
Fundraising. The Issue Price represents a discount of 57.1 per cent. to the
closing price of 3.5 pence on 8 May 2024.  Up to a further 233,333,333 REX
Offer Shares may be issued pursuant to the REX Offer and up to a further
143,141,481 Open Offer Shares pursuant to the Open Offer.  No part of the
Fundraising is being underwritten.

Such number of Placing Shares, REX Offer Shares and Open Offer Shares will,
when issued, be credited as fully paid and will be issued subject to the
Company's articles of association and will rank pari passu in all respects
with the existing issued ordinary shares in the capital of the Company,
including the right to receive all dividends and other distributions declared,
made or paid on or in respect of such shares by reference to a record date
falling after their issue.

Application will be made to the London Stock Exchange for the Firm Placing
Shares, the Conditional Placing Shares and such number of REX Offer Shares and
Open Offer Shares as may be subscribed for to be admitted to trading on AIM
("Admission"). It is expected that Admission of the Firm Placing Shares will
occur at 8.00 a.m. on 15 May 2024 (or such later date as the Company and Peel
Hunt may agree, being no later than 8.00 a.m. on 29 May 2024).  It is
expected that Admission of the Conditional Placing Shares and such number of
the REX Offer Shares and Open Offer Shares as are subscribed for will occur at
8.00 a.m. on 3 June 2024 (or such later date as the Company and Peel Hunt may
agree, being no later than 8.00 a.m. on 17 June 2024).

General Meeting

The Circular containing a notice convening the General Meeting will be posted
to shareholders over the coming days.  The General Meeting is expected to be
convened for 31 May 2024.  Further details will be set out in the Circular
including the timetable for the Open Offer.

Open Offer to Qualifying Shareholders

In order to provide Shareholders who do not take part in the Placing or the
REX Offer with an opportunity to participate in the Fundraising, the Company
intends to make an Open Offer to Qualifying Shareholders on the terms and
conditions to be set out in the Circular. The Open Offer provides Qualifying
Shareholders with the opportunity to subscribe at the Issue Price for an
aggregate of up to 143,141,481 Open Offer Shares to raise up to approximately
£2.1 million (before fees and expenses) for the Company, on the basis of:

1 Open Offer Share for every 1 Ordinary Share held as at the Record Date.

 

The Placing and Open Offer Agreement is conditional, amongst other things,
upon the following:

·        The Minimum Proceeds being raised;

 

·        the passing, without amendment, of Resolutions 1 and 2 at the
General Meeting;

 

·        none of the warranties contained in the Placing and Open
Offer Agreement, in the opinion of Peel Hunt (acting in good faith), being
untrue or inaccurate or misleading at the date of the Placing and Open Offer
Agreement or becoming untrue or inaccurate or misleading at any time between
such date and Second Admission by reference to the facts and circumstances
from time to time subsisting;

 

·       the Company having complied with all of its obligations under
the Placing and Open Offer Agreement which fall to be performed or satisfied
on or prior to First Admission or Second Admission; and

 

·       Second Admission occurring by no later than 8.00 a.m. on 3 June
2024 (or such later time and/or date as may be agreed between the Company and
Peel Hunt, being no later than 8.00 a.m. on 17 June 2024).

If the conditions set out above are not satisfied or waived (where capable of
waiver), the Conditional Placing, the REX Offer and the Open Offer will lapse
and the Conditional Placing Shares, the REX Offer Shares and the Open Offer
Shares will not be allotted and issued and no monies will be received by the
Company in respect of those elements of the Fundraising.

Further details of the Open Offer and the terms and conditions on which it is
being made, including the procedure for application and payment, will be
contained in the Circular, which shall be posted to Shareholders and made
available on the Company's website, www.genedriveplc.com
(http://www.genedriveplc.com) , in due course.  A further announcement will
confirm the posting date, other key dates in connection with the Fundraising
and the availability of the Circular on the Company's website.

Capitalised terms in this announcement shall, unless the context demands
otherwise, bear the meanings given to such terms in the announcement of the
Fundraising made via RNS on 9 May 2024.

Related Party Transactions

James Cheek and Tom Lindsay, Directors of the Company, have conditionally
agreed to subscribe for an aggregate of 1,333,332 Firm Placing Shares (666,666
Firm Placing Shares each) at the Issue Price, additional details are set out
at the end of this announcement.

The Directors detailed in the Fundraising announcement not listed above intend
to participate in the Fundraising via the REX Retail Offer or the Open Offer.

As James Cheek and Tom Lindsay are both related parties of the Company
pursuant to the AIM Rules, their participation in the Placing is a related
party transaction for the purposes of AIM Rule 13.  In the absence of any
independent Directors (as they all intend to participate in the Fundraising)
the Company's nominated adviser, Peel Hunt, confirms that the participation in
the Placing by James Cheek and Tom Lindsay is fair and reasonable insofar as
Shareholders are concerned.

Total Voting Rights

Following First Admission, the Company's enlarged issued ordinary share
capital will be 154,315,475 ordinary shares. This figure may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

For further information, please contact:

genedrive
plc
 
          +44 (0) 161 989 0245

James Cheek (CEO)

Russ Shaw (CFO)

Peel Hunt LLP - Nominated Adviser, Broker and Bookrunner
                        +44 (0) 20 7148 8900

James Steel / Patrick Birkholm (Investment Banking)

Sohail Akbar (ECM)

Wallbrook PR - Financial PR and IR Adviser
                    +44 (0) 20 7933 8780 / +44 (0) 7876
741001

Paul McManus / Anna Dunphy

 
 

 

 

About genedrive plc (http://www.genedriveplc.com (http://www.genedriveplc.com)
)  genedrive plc is a pharmacogenetic testing company developing and
commercialising a low cost, rapid, versatile and simple to use point of need
pharmacogenetic platform for the diagnosis of genetic variants. This helps
clinicians to quickly access key genetic information that will aid them make
the right choices over the right medicine or dosage to use for an effective
treatment, particularly important in time-critical emergency care healthcare
paradigms. Based in the UK, the Company is at the forefront of Point of Care
pharmacogenetic testing in emergency healthcare. Pharmacogenetics informs on
how your individual genetics impact a medicines ability to work for you.
Therefore, by using pharmacogenetics, medicine choices can be personalised,
made safer and more effective. The Company has launched its two flagship
products, the Genedrive® MT-RNR1 ID Kit and the Genedrive® CYP2C19 ID Kit,
both developed and validated in collaboration with NHS partners and deployed
on its point of care thermocycler platform.  Both tests are single-use
disposable cartridges which are ambient temperature stable, circumventing the
requirement for cold chain logistics. The Directors believe the Genedrive®
MT-RNR1 ID Kit is a worlds-first and allows clinicians to make a decision on
antibiotic use in neonatal intensive care units within 26 minutes, ensuring
vital care is delivered, avoiding adverse effects potentially otherwise
encountered and with no negative impact on the patient care pathway. Its
CYP2C19 ID Kit which has no comparably positioned competitor currently allows
clinicians to make a decision on the use of Clopidogrel in stroke patients
in 70 minutes, ensuring that patients who are unlikely to benefit from or
suffer adverse effects from Clopidogrel receive an alternative antiplatelet
therapeutic in a timely manner, ultimately improving outcomes.  Both tests
have undergone review by the National Institute for Health and Care Clinical
Excellence ("NICE") and have been recommended for use in the UK NHS.

 The Company has a clear commercial strategy focused on accelerating growth
through maximising in-market sales, geographic and portfolio expansion and
strategic M&A, and operates out of its facilities in Manchester.

 

 

IMPORTANT NOTICES AND DISCLAIMER

This announcement including its appendices (together, this "Announcement") and
the information contained in it is not for publication, release, transmission
distribution or forwarding, in whole or in part, directly or indirectly, in or
into the United States of America, Australia, Canada, Japan or the Republic of
South Africa or any other jurisdiction in which publication, release or
distribution would be unlawful. This Announcement is for information purposes
only and does not constitute an offer to sell or issue, or the solicitation of
an offer to buy, acquire or subscribe for shares in the capital of the Company
in the United States of America, Australia, Canada, Japan or the Republic of
South Africa or any other state or jurisdiction where to do so would be
unlawful. Any failure to comply with these restrictions may constitute a
violation of the securities laws of such jurisdictions. This Announcement has
not been approved by London Stock Exchange or by any other securities
exchange.

 

The new Ordinary Shares, have not been, and will not be, registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act") or with any
securities regulatory authority of any state or other jurisdiction of the
United States of America and may not be offered, sold, pledged, taken up,
exercised, resold, renounced, transferred or delivered, directly or
indirectly, in or into the United States of America absent registration under
the Securities Act, except pursuant to an exemption from the registration
requirements of the Securities Act and in compliance with any applicable
securities laws of any state or other jurisdiction of the United States of
America. The Placing Shares are being offered and sold by the Company outside
of the United States of America in offshore transactions as defined in, and
pursuant to, Regulation S under the Securities Act.

 

This announcement is not being distributed by, nor has it been approved for
the purposes of section 21 of the Financial Services and Markets Act 2000, as
amended ("FSMA"), by a person authorised under FSMA.  This announcement is
being directed to persons in the United Kingdom only in circumstances in which
section 21(1) of FSMA does not apply.

 

Members of the Public are not eligible to take part in the Placing.  This
announcement is for information purposes only and is directed only at persons
who are: (1) in Member States of the European Economic Area, qualified
investors as defined in article 2(e) of the Prospectus Regulation (EU)
2017/1129 (the "EU Prospectus Regulation"); (2) in the United Kingdom,
qualified investors as defined in article 2(e) of Prospectus Regulation (EU)
2017/1129 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended (the "UK Prospectus Regulation"), who (A)
fall within article 19(5) ("investment professionals") of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended
(the "Order"), or (B) fall within article 49(2)(a) to (d) ("high net worth
companies, unincorporated associations, etc.") of the Order; or (3) are
persons to whom it may otherwise be lawfully communicated; (all such persons
together being referred to as "relevant persons"). This announcement and the
terms and conditions set out herein must not be acted on or relied on by
persons who are not relevant persons. Persons distributing this announcement
must satisfy themselves that it is lawful to do so. Any investment or
investment activity to which this announcement and the terms and conditions
set out herein relates is available only to relevant persons and will be
engaged in only with relevant persons.

 

The new Ordinary Shares have not been approved, disapproved or recommended by
the U.S. Securities and Exchange Commission, any state securities commission
in the United States of America or any other U.S. regulatory authority, nor
have any of the foregoing authorities passed upon or endorsed the merits of
the offering of new Ordinary Shares. Subject to certain exceptions, the
securities referred to herein may not be offered or sold in the United States
of America, Australia, Canada, Japan or the Republic of South Africa or to, or
for the account or benefit of, any national, resident or citizen of the United
States of America, Australia, Canada, Japan or the Republic of South Africa.

 

No public offering of securities is being made in the United Kingdom, the
United States of America or any other jurisdiction. Offers of the new Ordinary
Shares will either be made pursuant to an exemption under the EU Prospectus
Regulation and the UK Prospectus Regulation (as such terms are defined above)
from the requirement to produce a prospectus or otherwise in circumstances not
resulting in an offer of transferable securities to the public under section
102B of FSMA.

 

This Announcement has been issued by, and is the sole responsibility of, the
Company. No representation or warranty, express or implied, is or will be made
as to, or in relation to, and no responsibility or liability is or will be
accepted by the directors or the Company, or by any of its or their respective
partners, employees, advisers, affiliates or agents as to or in relation to,
the accuracy or completeness of this Announcement or any other written or oral
information made available to or publicly available to any interested party or
its advisers, and any liability therefore is expressly disclaimed.   None of
the information in the Announcement has been independently verified or
approved by Peel Hunt or any of its partners, directors, officers, employees,
advisers, consultants, affiliates or agents.

 

This Announcement contains inside information for the purposes of Article 7 of
UK MAR, encompassing information relating to the Placing described above, and
is disclosed in accordance with the Company's obligations under Article 17 of
UK MAR.   The person responsible for arranging release of this announcement
on behalf of the Company is Russ Shaw, CFO.

 

Peel Hunt, which is authorised and regulated in the United Kingdom by the FCA
is acting as nominated adviser, sole bookrunner and sole broker to the Company
and no one else in connection with the Placing and is not acting for and will
not be responsible to any person other than the Company for providing the
protections afforded to its clients or for providing advice in relation to the
Placing. Peel Hunt's responsibilities as the Company's nominated adviser under
the AIM Rules for Nominated Advisers are owed solely to London Stock Exchange
and are not owed to the Company or to any Director or to any other person in
respect of his decision to acquire shares in the Company in reliance on any
part of this Announcement.

 

Except as required under applicable law, neither Peel Hunt nor any of their
directors, officers, partners, members, employees, advisers, affiliates or
agents assume or accept any responsibility whatsoever for the contents of the
information contained in this Announcement or for any other statement made or
purported to be made by or on behalf of Peel Hunt or any of their affiliates
in connection with the Company, the new Ordinary Shares or the Placing.  Peel
Hunt and each of their directors, officers, partners, members, employees,
advisers, affiliates and agents accordingly disclaim all and any
responsibility and liability whatsoever, whether arising in tort, contract or
otherwise (save as referred to above) in respect of any statements or other
information contained in this Announcement and no representation or warranty,
express or implied, is made by Peel Hunt or any of their directors, officers,
partners, employees, advisers, affiliates or agents as to the accuracy,
completeness or sufficiency of the information contained in this Announcement.

 

The distribution of this Announcement and/or the Placing in certain
jurisdictions may be restricted by law. No action has been taken by the
Company, Peel Hunt or any of their respective affiliates that would, or which
is intended to, permit an offering of the new Ordinary Shares in any
jurisdiction or result in the possession or distribution of this Announcement
or any other offering or publicity material relating to new Ordinary Shares in
any jurisdiction where action for that purpose is required.

 

This Announcement does not constitute a recommendation concerning any
investor's option with respect to the Placing. Each investor or prospective
investor should conduct his, her or its own investigation, analysis and
evaluation of the business and data described in this Announcement and
publicly available information. The price and value of securities can go down
as well as up. Past performance is not a guide to future performance.   The
contents of this Announcement are not to be construed as legal, business,
financial or tax advice. Each investor or prospective investor should consult
with his or her or its own legal adviser, business adviser, financial adviser
or tax adviser for legal, financial, business or tax advice.

 

Persons (including without limitation, nominees and trustees) who have a
contractual right or other legal obligations to forward a copy of this
Announcement should seek appropriate advice before taking any action.

 

Neither the content of the Company's website nor any website accessible by
hyperlinks on the Company's website is incorporated in, or forms part of, this
Announcement.

 

Product Governance Requirements

 

Solely for the purposes of the product governance requirements of Chapter 3 of
the FCA Handbook Product Intervention and Product Governance Sourcebook (the
"UK Product Governance Requirements") and/or any equivalent requirements
elsewhere to the extent determined to be applicable, and disclaiming all and
any liability, whether arising in tort, contract or otherwise, which any
"manufacturer" (for the purposes of the UK Product Governance Requirements
and/or any equivalent requirements elsewhere to the extent determined to be
applicable, may otherwise have with respect thereto, the Placing Shares have
been subject to a product approval process, which has determined that the
Placing Shares are: (i) compatible with an end target market of retail
investors and investors who meet the criteria of professional clients and
eligible counterparties, each defined in Chapter 3 of the FCA Handbook Conduct
of Business Sourcebook; and (ii) eligible for distribution through all
permitted distribution channels (the "Target Market Assessment").
Notwithstanding the Target Market Assessment, distributors should note that:
the price of the Placing Shares may decline and investors could lose all or
part of their investment; the Placing Shares offer no guaranteed income and no
capital protection; and an investment in the Placing Shares is compatible only
with investors who do not need a guaranteed income or capital protection, who
(either alone or in conjunction with an appropriate financial or other
adviser) are capable of evaluating the merits and risks of such an investment
and who have sufficient resources to be able to bear any losses that may
result therefrom. The Target Market Assessment is without prejudice to the
requirements of any contractual, legal or regulatory selling restrictions in
relation to the Placing. Furthermore, it is noted that, notwithstanding the
Target Market Assessment, Peel Hunt will only procure investors who meet the
criteria of professional clients and eligible counterparties.

 

For the avoidance of doubt, the Target Market Assessment does not constitute:
(a) an assessment of suitability or appropriateness for the purposes of
Chapters 9A or 10A respectively of the FCA Handbook Conduct of Business
Sourcebook; or (b) a recommendation to any investor or group of investors to
invest in, or purchase, or take any other action whatsoever with respect to
the Placing Shares.

 

Each distributor is responsible for undertaking its own target market
assessment in respect of the Placing Shares and determining appropriate
distribution channels.

 

Forward Looking Statements

 

This Announcement contains "forward-looking statements" which include all
statements (other than statements of historical facts) including, without
limitation, those regarding the Group's financial position, business strategy,
plans and objectives of management for future operations, and any statements
preceded by, followed by or that include the words "targets", "believes",
"expects", "aims", "intends", "will", "may", "anticipates", "would", "could"
or "similar" expressions or negatives thereof. Such forward-looking statements
involve known and unknown risks, uncertainties and other important factors
beyond the Company's control that could cause the actual results, performance
or achievements of the Group to be materially different from future results,
performance or achievements expressed or implied by such forward-looking
statements. Such forward-looking statements are based on numerous assumptions
regarding the Group's present and future business strategies and the
environment in which the Group will operate in the future. These
forward-looking statements speak only as at the date of this Announcement. The
Company expressly disclaims any obligation or undertaking to disseminate any
updates or revisions to any forward looking statements contained herein to
reflect any change in the Company's expectations with regard thereto or any
change in events, conditions or circumstances on which any such statements are
based unless required to do so by applicable law or the AIM Rules for
Companies.

 

No statement in this Announcement is intended to be a profit forecast and no
statement in this Announcement should be interpreted to mean that earnings per
share of the Company for the current or future years would necessarily match
or exceed the historical published earnings per share of the Company.

 

This Announcement does not identify or suggest, or purport to identify or
suggest, the risks (direct or

indirect) that may be associated with an investment in the Placing Shares. Any
investment decisions

to buy Placing Shares in the Placing must be made solely on the basis of
publicly available information,

which has not been independently verified by Peel Hunt.

 

 

 

 

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         James Cheek
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         genedrive plc
 b)   LEI                                                          213800ZYODIRZ87Y4K14
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of 1.5p each

      Identification code                                          ISIN: GB00B1VKB244
 b)   Nature of the transaction                                    Purchase of ordinary shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     1.5 pence         666,666

 d)   Aggregated information                                        £9,999.99

      - Aggregated volume
      - Price
 e)   Date of the transaction                                      9 May 2024
 f)   Place of the transaction                                     Outside of a trading venue

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Tom Lindsay
 2    Reason for the notification
 a)   Position/status                                              Non-Executive Director
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         genedrive plc
 b)   LEI                                                          213800ZYODIRZ87Y4K14
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of 1.5p each

      Identification code                                          ISIN: GB00B1VKB244
 b)   Nature of the transaction                                    Purchase of ordinary shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     1.5 pence         666,666

 d)   Aggregated information                                        £9,999.99

      - Aggregated volume
      - Price
 e)   Date of the transaction                                      9 May 2024
 f)   Place of the transaction                                     Outside of a trading venue

 

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