The Company issued 68,527,697 new Ordinary Shares in total pursuant to the ABB, representing approximately 5.18 per cent. of the Company's existing issued Ordinary Shares prior to the Equity Placing.

Settlement and admission of the Placing Shares took place at 8.00 am on 28 March 2025.

As set out in the Placing Announcement and the result of placing announcement issued on 25 March 2025, the proceeds of the Equity Placing will be used towards the comprehensive refinancing exercise contemplated by the Company, the details of which are set out in the Placing Announcement.

The aggregate proceeds from the Equity Placing amounted to approximately £22.13 million.

The Placing Price of 32.3 pence represented a discount of 5 per cent. to the closing price on 24 March 2025.

Soft pre-emption has been adhered to in the allocations process, where possible. Management (other than a director who participated in the Equity Contribution) was involved in the allocations process, which has been carried out in compliance with the MIFID II Allocation requirements.

The Company consulted with a number of its major shareholders prior to the Equity Placing and has respected the principles of pre-emption through the allocation process.

A retail offer was not considered practicable as the relevant prospectus exemption (i.e. offer consideration of €8 million or less over a 12-month period) had been substantially depleted by a £5.4 million retail offer in October 2024.