The Directors recognise the importance of sound corporate governance and the Group will comply with the requirements of the Corporate Governance Code for Small and Mid-Sized Quoted Companies 2013 published by the Quoted Companies Alliance from time to time insofar as they are appropriate given the Group's size and stage of development. The Board is responsible for formulating, reviewing and approving the Group's strategy, budgets and corporate actions. The Directors intend to hold meetings quarterly and at other times as and when required. The Group has established the audit, remuneration, nomination and AIM Compliance committees with formally delegated duties and responsibilities.
The Company is subject to the City Code on Takeover and Mergers, as published by the Panel on Takeovers and Mergers and updated from time to time.