The Directors recognise the importance of sound and effective corporate governance commensurate with the status of the Company as a company admitted to trading on AIM, as well as taking into account the interests of shareholders.

The Directors have established an audit committee, currently chaired by Karl Diacono, to receive and review internal financial reports from management and from the Company's auditors relating to the interim and annual accounts and to the Group's financial control and risk profile.

The Remuneration committee determines the terms and conditions of service of directors and senior management and the allocation of options over Ordinary Shares.

The Directors will comply with Rule 21 of the AIM Rules relating to directors' dealings as applicable to AIM companies and will take all proper and reasonable steps to ensure compliance by the Company's applicable employees.


Page last up-dated: 15 May 2013