The Directors intend, in so far as practicable, given the Company’s size and the constitution of the Board, to comply with the provisions of the UK Corporate Governance Code applicable to companies which are listed on the Official List of the United Kingdom Listing Authority.
The Directors have established a remuneration committee and an audit committee. The remuneration committee, consisting of Jeffrey Thrall and Christopher Fraser, will determine the terms and conditions of service of (including the remuneration and grant of options to) executive directors and senior management. The audit committee, consisting of Jeffrey Thrall and Christopher Fraser, has primary responsibility for monitoring the quality of internal control and ensuring that the financial performance of the Group is properly measured and reported on and for reviewing reports from the Group’s auditors relating to the Group’s accounting and internal controls.
The Directors intend to comply with Rule 19 of the AIM Rules relating to Directors’ and applicable employees’ dealings in the Company’s securities and to this end the Company has adopted an appropriate share dealing code.
The Company is subject to the UK City Code on Takeovers and Mergers.