Governance: principles, articles and documents

Last updated: 2nd December 2024

In accordance with amended AIM Rules for Companies (‘AIM Rules’) by the London Stock Exchange, the Board has opted to apply the Quoted Companies Alliance’s (QCA) Corporate Governance Code 2018 (the ‘QCA Code 2018’). The Board chose to apply this code as it believes it is more suitable for small and mid-size companies.

The QCA Code 2018 includes ten governance principles and a set of disclosures. The Board has considered how each principle is applied to the extent appropriate. Below, is an explanation
of the approach taken in relation to each principle and any areas where the Company does not comply with the QCA Code 2018.

On 13 November 2023, the QCA published the latest version of its corporate governance code (the ‘QCA Code 2023’) aimed at UK Growth companies. The QCA recommends adopting the QCA code 2023 for accounting periods commencing on or after 1 April 2024.

The Board has reviewed the contents of the QCA code 2023 and intends to adopt the latest version for the year ending 30 June 2025.

Articles and Documents