Theophiel schreef op 8 juni 2015 17:12:
To consider and, if thought fit, pass the following resolution as a Special Resolution:
6. That the Directors be and are hereby empowered pursuant to Section 570 of the Act to allot equity securities (as
defined in Section 560 of the Act) for cash pursuant to the authority conferred by resolution 5 above, as if Section
561 (1) of the Act did not apply to any such allotment provided that such power is limited to:
(a) the allotment of equity securities in connection with an issue or offering by way of open offer or rights issue
to holders of equity securities in proportion (as nearly as may be practicable) to the respective numbers of
equity securities held by or deemed to be held by them on the record date of such allotment, but subject to
such exclusions or other arrangements as the Directors may deem necessary or expedient to deal with any
fractional entitlements or any legal or practical problems under the laws of any overseas territory or the
requirements of any regulatory authority or any stock exchange;
(b) the allotment (otherwise than pursuant to paragraph (a) above) of equity securities up to a maximum aggregate
nominal amount of £523,000 in connection with allotments arising from conversion of the Company’s
£2,000,000 issued 8% Convertible Loan Stock 2017; and
(c) the allotment (otherwise than pursuant to paragraphs (a) and (b) above) of equity securities up to a maximum
aggregate nominal amount of £400,000 to include allotments arising from the exercise of the Company’s
€10,000,000 Equity Line of Credit Facility with GEM Global Yield Fund Limited,
provided that the power hereby conferred shall operate in substitution for and to the exclusion of any previous
power given to the directors pursuant to Section 570 of the Act or pursuant to Section 95 of the Companies Act
1985 (as amended) and that such authority is to expire on 9 June 2020, save that the Company may before such
expiry make offers or agreements which would or might require equity securities to be allotted after such expiry
and the Directors may allot equity securities pursuant to any such offer or agreement as if such authority had not
expired.
BY ORDER OF THE BOARD
A. Karimjee
Secretary
15 May 2015