The Company’s shares trade on the Alternative Investment Market (AIM) of the London Stock Exchange.
The Board is committed to high standards of corporate governance and adheres to the Quoted Companies Alliance (QCA) Corporate Governance Code for small and mid-size quoted companies (the QCA Code).
The Board has voluntarily applied the QCA Code since 2014, with elements of the UK Corporate Governance Code prior to that. From 28 September 2018, AIM companies are required to comply or explain against a recognised corporate governance code. The QCA Code 2018 was revised in April 2023 (QCA Code 2023) updating the ten broad principles of corporate governance, and stating what are considered to be appropriate corporate governance arrangements for growing companies, requiring companies to provide an explanation about how they are meeting the principles through certain prescribed disclosures, or where they do not meet the principles then explaining why not. The principles have in some cases been re-ordered and reshaped, but many aspects remain substantively the same as the QCA Code 2018.
The QCA Code 2023 applies to financial years beginning on or after 1 April 2024. The Board has voluntarily chosen to start the transition to the QCA Code 2023 in this year’s report and consequently has updated the ten broad principles below and considered how each principle of the QCA Code 2023 is applied. An explanation is provided below of the approach taken in relation to each principle and how they support the Company’s medium to long-term success. Certain elements of work on the ten broad principles are in progress and therefore not yet fully implemented for this year’s report. The AIM Rule 26 section of the website on Corporate Governance will be updated as these elements are completed.
In accordance with Section 172 of the Companies Act 2006, as described on page 38 of the Group’s Annual Report and Financial Statements 2024, the Board recognises the importance of our stakeholders to our business. The Board has thought carefully about how to formalise its consideration of the impact of its decisions on key stakeholders and how it applies the S172 duties under the Companies Act 2006, in particular as it relates to QCA Principles 3 and 4.
This governance statement was last reviewed and updated on 27 May 2025.
Chairman's statement
As Chairman of the ANGLE plc (ANGLE) Board, it is my responsibility to ensure that the Board is performing its role effectively and has the capacity, ability, structure and support to enable it to continue to do so.
Effective corporate governance is central to the long-term success and sustainability of our Company, ensuring we remain accountable to our stakeholders, operate with integrity, and are resilient to future challenges. ANGLE applies the QCA Code as the benchmark for measuring our adherence to good governance principles. These principles provide us with a clear framework for assessing our performance as a Board and as a Company, and the report below shows how we apply the Code’s ten guiding principles in practice and also incorporate Section 172 of the Companies Act 2006.
Adopting and adhering to the principles of the QCA Code ensures that we remain accountable, transparent, and focused on delivering sustainable value for all stakeholders and the environment.
ANGLE believes that a sound and well understood governance structure is essential to maintain the integrity of the Group in all its actions, to enhance performance and to impact positively on our shareholders, employees, customers, suppliers, other stakeholders and the environment. The Board remains committed to embedding good governance practices throughout the organisation to ensure robust decision-making, risk management, and stakeholder engagement.