Capital Structure

Capital Structure

As at 5 June 2018, the Company’s issued share capital consists of 43,562,598 ordinary shares with a nominal value of £0.01 each (“Ordinary Shares”), each share having equal voting rights.

The Company does not hold any Ordinary Shares or treasury shares.

In accordance with AIM Rule 26, insofar as the Company is aware, the percentage of the Company’s issued share capital not in public hands is 76.42%.

There are no restrictions on the transfer of securities.

The directors hold the following shareholding interests in the Company:

Director capital Number of shares % of issued share
Bill Love 6,859,500* 15.75%
Joe Eagle 2,269,000 5.21%
Sir Nigel Rudd 1,229,900** 2.82%
Peter Morgan 1,025,500 2.35%

* 3,667,700 of these Ordinary Shares are held by Bill Love directly and 3,191,800 are held by Bill’s wife, Carole Love.

** 502,100 of these Ordinary Shares are held by Sir Nigel Rudd directly (including 39,100 held through his ISA) and 70,800 are held by Sir Nigel’s wife, Lady Lesley Rudd (including 35,800 held through her ISA). In addition, Sir Nigel Rudd is the beneficial holder of 175,000 Ordinary Shares registered to Rock (Nominees) Limited and 469,000 Ordinary Shares in the registered to City Partnership Nominee Limited. Lady Lesley Rudd is the beneficial owner of a further 13,000 Ordinary Shares registered to Rock (Nominees) Limited.

In addition, the following shareholders hold in excess of 3% or more of the Company’s issued share capital:

Shareholder capital Number of shares % of issued share
The Wade Family* 5,946,500 13.65%
Hargreave Hale Limited 4,777,070 10.97%
Rosetta Capital V Limited 3,089,971 7.09%
A&B (HK) Company Ltd 1,910,828 4.39%
CMS Medical Venture Investment Ltd. 1,910,828 4.39%
Andrew Cohen** 1,858,500 4.27%
Rock (Nominees) Limited 1,542,500 3.54%

* 2,173,500 of these Ordinary Shares are held by Charles Wade directly, 2,173,500 are held by Charles’s wife, Jemima Wade, 350,000 are held by Jemima and Charles Wade jointly and 1,250,000 are held by Wade Furniture Group Limited, a company over which Charles Wade and persons connected with him have control.

** of which 412,000 are held by Andrew Cohen personally, and 1,446,500 are held by Andrew Cohen, Wendy Cohen and NSS Trustees Limited