| Schedule of Shares Outstanding |
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Year ended December 31, |
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2025 |
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2024 |
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Authorized, allotted, called up and fully paid ordinary shares, par value £0.05 |
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10,290 |
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10,288 |
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Number |
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Number |
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Number of shares in issue |
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141,701,848 |
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141,674,074 |
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Number of ADS in issue |
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47,233,949 |
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47,224,691 |
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| Details of Shares Issued |
Details of the shares issued during the current year is as follows:
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Number of shares in issue at December 31, 2024 |
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141,674,074 |
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Number of ADS in issue at December 31, 2024 |
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47,224,691 |
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Shares issued during the year |
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Options exercised at $0.20/ADS or $0.07/ordinary share |
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17,775 |
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Options exercised at $4.23/ADS or $1.41/ordinary share |
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9,999 |
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Number of shares in issue at December 31, 2025 |
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141,701,848 |
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Number of equivalent ADS in issue at December 31, 2025 |
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47,233,949 |
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| Schedule of Options Outstanding |
Details of the options outstanding are as follows:
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Year of issue |
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Weighted average Exercise price ($) |
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At January 1, 2025 |
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Options granted |
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Options forfeited |
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Options expired |
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Options exercised |
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At December 31, 2025 |
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Weighted average years to expiry date |
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2014 |
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4.23 |
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- |
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- |
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- |
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- |
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- |
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2015 |
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4.23 |
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3,333 |
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- |
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- |
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- |
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(3,333 |
) |
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- |
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0.00 |
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2016 |
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5.14 |
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6,524 |
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- |
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- |
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6,524 |
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0.18 |
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2017 |
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8.05 |
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23,333 |
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- |
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- |
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23,333 |
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1.91 |
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2018 |
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0.20 |
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30,593 |
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- |
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- |
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(568 |
) |
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(2,259 |
) |
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27,766 |
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2.27 |
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2019 |
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5.36 |
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229,997 |
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- |
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- |
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229,997 |
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3.76 |
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2020 |
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8.23 |
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234,178 |
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- |
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(2,400 |
) |
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(3,833 |
) |
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(3,666 |
) |
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224,279 |
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4.41 |
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2021 |
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22.37 |
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576,136 |
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- |
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(1,615 |
) |
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(5,999 |
) |
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568,522 |
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5.81 |
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2022 |
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18.49 |
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1,310,498 |
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(123,132 |
) |
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(12,668 |
) |
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1,174,698 |
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6.29 |
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2023 |
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13.88 |
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2,148,357 |
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- |
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(290,974 |
) |
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(9,287 |
) |
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1,848,096 |
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7.21 |
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2024 |
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18.05 |
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1,255,514 |
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(138,543 |
) |
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(4,438 |
) |
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1,112,533 |
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8.05 |
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2025 |
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6.96 |
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1,966,485 |
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(220,867 |
) |
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1,745,618 |
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8.87 |
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Total (ADSs) |
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5,818,463 |
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1,966,485 |
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(777,531 |
) |
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(36,793 |
) |
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(9,258 |
) |
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6,961,366 |
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Total (Ordinary Shares) |
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17,455,390 |
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5,899,455 |
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(2,332,593 |
) |
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(110,379 |
) |
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(27,774 |
) |
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20,884,098 |
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