The Companies Act 2006 abolishes the requirement for a company to have an authorised share capital. As a result, the Company’s Articles of Association were amended at the AGM on 7 January 2010 to remove all reference to an authorised share capital.
The Directors of the Company continue to be limited as to the number of shares they can allot at any time and remain subject to the allotment authority granted by the shareholders pursuant to section 551 of the Companies Act 2006. Shares on issueNumber of Shares
Oustanding warrants
18,550,000
Outstanding options
231,000,000
Total ordinary shares on issue
2,331,324,634
Total shares on issue (fully diluted)
2580874634
% of securities not in public hands
27.63%
Deferred Shares*
Total deferred share on issue
265,324,634
*The Deferred shares have a par value of 0.69 pence each these shares carry no right to receive any dividend or other distributions in respect of any financial year or other period of the company
