Investor Relations

Governance

The Directors recognise the importance of sound corporate governance and intend that the Company shall comply with the main provisions of the QCA Guidelines for AIM Companies so far as the same are appropriate for and apply to a company of the Company's size, nature and stage of development.

The Board is responsible for formulating, reviewing and approving the Company's strategy, budgets and corporate actions. Following Admission, the Company intends to hold Board meetings at least 4 times in each financial year and at other times as and when required.

Upon Admission, the Company will establish an audit committee and a remuneration committee with formally delegated duties and responsibilities.

The audit committee will initially comprise Marcelo Bravo and James White, with Marcelo Bravo as Chairman. It will be responsible for ensuring that the financial performance, position and prospects of the Company are properly monitored and reported on and for meeting the auditors and reviewing their reports relating to accounts and internal controls.

The remuneration committee will initially comprise James White and Marcelo Bravo, with James White as Chairman. It will review the performance of the Executive Directors and set their remuneration and the payment of bonuses to executive directors and consider the future allocation of share options to directors and employees.