Investor relations

Meeting shareholder needs (QCA Principle 2)

The Company seeks to maintain and enhance good relations with its shareholders and analysts. The Company employs a Head of Investor Relations to increase shareholder engagement and IR activities. The Group’s Interim and Annual Reports are supplemented by regular published updates to investors on commercial progress. All investors have access to up-to-date information on the Group via its website,, which has an investor relations section providing contact details for investor relations queries, details on the Company’s share price, share price graphs and share trading activity. The Company also distributes Group announcements electronically. Shareholders and other interested parties wishing to receive announcements via email are invited to sign up to the “Email Alert” facility in the Investor Relations, Regulatory News section on the Company’s website.

The Directors seek to build on a mutual understanding of objectives between the Company and its shareholders, especially considering the specialist and medium-term nature of the business. Institutional shareholders, private client brokers and analysts are in contact with the Directors and Head of Investor Relations through a regular programme of briefing presentations and meetings to discuss issues and give feedback, primarily following the announcement of the interim and preliminary results, but also throughout the year as required. The Board also uses and receives formal feedback through the Company’s joint stockbrokers, financial public relations advisor and other advisors. Investor forums and presentation seminars and shows provide other channels of communication to shareholders, analysts and potential investors. Individual shareholders are welcome to and regularly make contact with the Company via email or telephone.

All shareholders are encouraged to make use of the Company’s Annual General Meeting (AGM) to vote on resolutions (see Principle 10) and to raise any questions regarding the strategy, management, operations and corporate governance of the Group. The Chairs of the Audit, Remuneration and Nomination Committees are available to answer any questions from shareholders at the AGM.

Berenberg and Jefferies act as joint brokers to the Company, to further improve the quality and quantity of investor relations activities.

Along with the usual presentations and webinars the Company held a number of virtual non-deal roadshows in the year and a hybrid deal roadshow resulting in a successful fundraise in June 2022.

The ongoing development of a Corporate Responsibility Report on pages 42 to 49 of the Group’s Annual Report and Financial Statements 2022, is in response to shareholder requests to better understand how the Group deals with sustainability and environmental, social and governance (ESG) issues.