Director / PDMR Shareholding and Issue of Equity May 2018

Director / PDMR Shareholding and Issue of Equity May 2018

Friday, May 4, 2018

The Company announces that on 2 May 2018 David Walker, the Company's Chief Commercial Officer, was awarded and subsequently exercised an option over 3,594 ordinary shares of 5 pence each in the capital of the Company (“Ordinary Shares”) for nil consideration. The award was made pursuant to the Company’s LTIP put in place on 18 December 2012. Following this option exercise, Mr Walker immediately sold 3,594 Ordinary Shares at a price of £4.82 per Ordinary Share. Following these transactions, Mr Walker has an interest of 1,333 Ordinary Shares representing 0.004% of the issued ordinary share capital of the Company on Admission.

Accordingly, the Company has allotted 3,594 new Ordinary Shares and applied for admission of the new Ordinary Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence on 9 May 2018.

Following Admission, the Company's issued share capital will consist of 30,888,519 Ordinary Shares with voting rights. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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