Remuneration

In common with many AIM-listed companies, the Board retains the discretion to award options to its executive and non-executive directors. While this arrangement is inconsistent with the QCA Governance Code (“the Code”) it serves the purpose of attracting highly experienced directors at a modest cash cost to the business.

Effective 1 July 2019, Mr Walsh, Mr O’Gorman and Mr King (as a Non-Executive Director) are each paid fees at a rate of £20,000 per annum. Mr Corcoran has waived his fee and charges consultancy fees to the Company periodically.