Shareholder information

As of 24th April 2026, the number of ordinary shares with a nominal value of 0.01p each (“Ordinary Shares”) in issue is 7,639,705. So far as the company is aware, the percentage of securities not in public hands is 42.22%. The company does not have any shares held in treasury.

Significant shareholding

Name	Number of Ordinary Shares	% Issued capital
Shard Credit Partners Venture Debt Fund I LP	2,752,140	36.02%
Turner Pope Investments (TPI) Ltd	615,800	8.06%
Richard Hughes	320,000	4.19%
Mahmud Kamani	320,000	4.19%
Frasers Group plc	285,714	3.74%

Director shareholdings

Name	Number of Ordinary Shares	% Issued capital
Simon John Wilkinson	228,571	2.99%
Dr. Nigel John Burton	204,571	2.68%
Petar Cvetkovic	40,000	0.52%

Concert party shareholdings

Name	Number of Ordinary Shares	% Issued capital
Richard Hughes	320,000	4.19%
Mahmud Kamani	320,000	4.19%
Samir Kamani	96,000	1.26%
Rebecca Hughes	80,000	1.05%
Abigail Hughes	80,000	1.05%
Umar Kamani	80,000	1.05%
Adam Kamani	80,000	1.05%
Petar Cvetkovic	40,000	0.52%
Carol Kane	80,000	1.05%
Daron Lee	120,000	1.57%
John Lyttle	80,000	1.05%
Shaun Mealey	40,000	0.52%
Christian Stephenson	40,000	0.52%
Simon Wilkinson	228,571	2.99%

Warrants

Promoter Warrants, whereby non-transferable warrants to subscribe for up to 2,400,000 Ordinary Shares, exercisable at £1.25 for five years from 25 May 2021, issued to certain members of the Concert Party in consideration of those persons assembling and co-ordinating the Concert Party’s investment in the Company in May 2021 and facilitating the appointment of Simon Wilkinson as Non-Executive Chairman.

Name	Number of Ordinary Shares subject to Promotor Warrants
Richard Hughes	800,000
Mahmud Kamani	800,000
Simon Wilkinson	800,000

Cornerstone Investor Warrants, whereby non-transferable warrants to subscribe for up to 400,000 Ordinary Shares, exercisable at £1.25 for five years from 25 May 2021, issued to the Cornerstone Investors of the May 2021 placing.

Name	Number of Ordinary Shares subject to Cornerstone Investor Warrants
Ben Turner	80,000
Donna Turner	120,000
James Pope	80,000
Maxine Pope	120,000

Broker Warrants, whereby transferable warrants to subscribe for up to 160,000 Ordinary Shares, exercisable at £1.25 for five years from 25 May 2021.

Name	Number of Ordinary Shares subject to Broker Warrants
JIM Nominees Limited (as nominee on behalf of Turner Pope)	94,000
Dr Nigel Burton	40,000
Mark Slade	16,000
David Rae	10,000

Director Warrants, whereby non-transferable warrants to subscribe for, in aggregate, 192,000 Ordinary Shares are issued to the Executive Directors and the Non-Executive Directors, exercisable at £1.25 for five years from 25 May 2021, provided that the Ordinary Shares have traded at a Volume Weighted Average Price (VWAP) at or above 0.30p for 20 consecutive Business Days, or on a change of control of the Company.

Name	Number of Ordinary Shares subject to Director Warrants
Simon Wilkinson	48,000
Dr Nigel Burton	48,000
Mark Slade	48,000
David Rae	48,000