* Securities not in public hands

AIM securities held, directly or indirectly (including via a related financial product) by:

1. a related party (see definition of this further below);
2. the trustees of any employee share scheme or pension fund established for the benefit of any directors/employees of the applicant/AIM company (or its subsidiaries);
3. any person who under any agreement has a right to nominate a person to the board of directors of the applicant/AIM company;
4. any person who is the subject of a lock-in agreement pursuant to rule 7 or otherwise; or
5. the AIM company as treasury shares.

related party:

1. any person who is a director of an AIM company or of any company which is its subsidiary or parent undertaking, other subsidiary undertaking of its parent company;
2. a substantial shareholder;
3. an associate of (a) or (b) being;
   1. the family of such a person;
   2. the trustees (acting as such) of any trust of which the individual or any of the individual’s family is a beneficiary or discretionary object (other than a trust which is either an occupational pension scheme as defined in regulation 3 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, or an employees’ share scheme which
      does not, in either case, have the effect of conferring benefits on persons all or most of whom are related parties).
   3. any company in whose equity shares such a person individually or taken together with his or her family (or if a director, individually or taken together with his family and any other director of that company) are directly or indirectly interested (or have a conditional or contingent entitlement to become interested) to the extent that they are or could be able:
      • to exercise or control the exercise of 30% or more of the votes (excluding treasury shares) able to be cast at general meetings on all, or substantially all, matters; or
      • to appoint or remove directors holding a majority of voting rights at board meetings on all, or substantially all, matters;
   4. any other company which is its subsidiary undertaking, parent undertaking or subsidiary undertaking of its parent undertaking;
   5. any company whose directors are accustomed to act in accordance with (a)’s directions or instructions;
   6. any company in the capital of which (a), either alone or together with any other company within (iv) or (v) or both taken together, is (or would on the fulfilment of a condition or the occurrence of a contingency be) interested in the manner described in (iii);
4. for the purposes of rule 13, any person who was a director of an AIM company or any of its subsidiaries, sister or parent undertakings or a substantial shareholder within the twelve months preceding the date of the transaction.