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Improbable

Improbable logo

Financial bias: 2.5
Team bias: 2.9

Improbable

SUMMARY
Technology

#hipster100 #technology


Simulated virtual worlds software
TICKER
improbable
ENTITY
IMPROBABLE WORLDS LIMITED
active
#08070525

Born: May12

API



valuation



market price valuation
GBP 1,522m
(as at 26Jul18)

media driven valuation
GBP 1,522m

valuations methodology

algo says

Experienced team
Good board
Quality investors

Lack of accounts transparency


featured

finances

as at ebit rev na(nl) equity debt cash
31May17 -8,182 7,822 95,036 113,869 ? 94,166
Source: UK Companies House - Audited Accounts RSM GBP 'OOOs
31May16 ? ? -13,352 1 33,676 23,027
Source: UK Companies House - Unaudited Accounts GBP 'OOOs
31May15 ? ? -5,293 1 15,814 11,459
Source: UK Companies House - Unaudited Accounts GBP 'OOOs
31May14 ? ? -1,360 1 1,818 68
Source: UK Companies House - Unaudited Accounts GBP 'OOOs
31May13 ? ? 230 1 277 4
Source: UK Companies House - Unaudited Accounts GBP 'OOOs

controllers

Softbank Group Capital Limited
Ownership of shares 25 to 50 percent (notified: 20Jul17 ceased: )

NARULA, Herman
Ownership of shares 25 to 50 percent; voting rights 75 to 100 percent; right to appoint and remove directors (notified: 06Apr16 ceased: )

shareholders

Amadeus Capital Andreeseen Horowitz SoftBank


A ORDINARY


Herman Narula 100%


A1 PREFERENCE


David Rowan 22.4984%

Amadeus General Partner Limited (Fund A) 18.9263%

Alexander Asseily 14.999%

Oscar Time Limited 13.1189%

LGV GP Limited 9.3796%

Metaplanet Holdings OU 7.4995%

Beyond Merits Limited 5.6194%

Amadeus General Partner Limited (Fund B) 3.5722%

Marcus Exall 1.9219%

Notorious OU 1.5041%

Barak Berkowitz 0.9609%


A2 PREFERENCE


Andreessen Horowitz Fund IV L.P 75.4646%

AH Parallel Fund IV L.P. 24.038%

The Board of Trustees of the Leland Stanford Junior University (LSVF) 0.1658%

The Board of Trustees of the Leland Stanford Junior University (SBST) 0.1658%

The Board of Trustees of the Leland Stanford Junior University (SEVF II) 0.1658%


A3 PREFERENCE


Kingsnorth Investments Limited 60.0012%

Puccini World Limited 39.9988%


A4 PREFERENCE


Birchtree Fund Investments PTE Ltd 100%


A5 PREFERENCE


Sino Elect Investments Limited 100%


B ORDINARY


Samuel Kalnins 83.317%

Nicholas Button Brown 16.683%


B1 PREFERENCE


SoftBank Group Capital Limited 98.0373%

Andreessen Horowitz Fund IV L.P 0.7443%

Kingsnorth Investments Limited 0.5888%

Puccini World Limited 0.3925%

All Parallel Fund IV L.P 0.2371%


Note: This is based on public information and may not take into account options, convertible debt, off balance sheet side letters, other economic rights as per the cap table, etc


cap-table

EQUITY GBP ORDINARY

THE SHARES HAVE ATTACHED TO THEM FULL VOTING, DIVIDEND AND CAPITAL DISTRIBUTION (INCLUDING ON WINDING UP) RIGHTS; THEY DO NOT CONFER ANY RIGHTS OF REDEMPTION.

04Jul16

EQUITY GBP PREFERENCE

THE SHARES HAVE ATTACHED TO THEM FULL VOTING, PREFERENTIAL DIVIDEND AND CAPITAL DISTRIBUTION (INCLUDING ON WINDING UP) RIGHTS; THEY DO NOT CONFER ANY RIGHTS OF REDEMPTION.

04Jul16

EQUITY GBP A ORDINARY

ALL TERMS USED HEREIN ARE DEFINED IN THE ARTICLES OF ASSOCIATION OF THE COMPANY ADOPTED ON 27 APRIL 2017. INCOME SUCH AMOUNTS SO DISTRIBUTED SHALL BE APPLIED IN THE FOLLOWING ORDER OF PRIORITY: (A) FIRST, IN PAYING TO EACH B1 PREFERENCE SHAREHOLDER IN RESPECT OF EACH B1 PREFERENCE SHARE HELD BY SUCH B1 PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH B1 PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH B1 PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT: FINANCIAL YEAR, ARE INSUFFICIENT: TO PAY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE B1 PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN PAYING TO EACH A PREFERENCE SHAREHOLDER IN RESPECT OF EACH A PREFERENCE SHARE HELD BY SUCH A PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH A PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH A PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF THE ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF ORDINARY SHARES HELD BY THEM RESPECTIVELY. CAPITAL ON A RETURN OF CAPITAL ON LIQUIDATION, WINDING-UP OR OTHERWISE (INCLUDING ANY REDEMPTION OR PURCHASE OF SHARES BY THE COMPANY), THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED: (A) FIRST, TO THE B1 PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE B1 SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH B1 PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO HE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE B1 PREFERENCE SHAREHOLDERS BEEN SATISFIED IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE B1 PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) TO THE A PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE A PREFERENCE SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH A PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO BE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL BE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF THE ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF SUCH SHARES HELD BY THEM RESPECTIVELY. VOTING (A) ON A SHOW OF HANDS, EVERY A ORDINARY SHAREHOLDER, A PREFERENCE SHAREHOLDER AND B1 PREFERENCE SHAREHOLDER WHO (BEING AN INDIVIDUAL) IS PRESENT IN PERSON OR BY PROXY OR (BEING A CORPORATION) IS PRESENT BY A DULY AUTHORISED REPRESENTATIVE OR BY PROXY SHALL HAVE ONE VOTE; (B) ON A WRITTEN RESOLUTION OR ON A POLL: (I) THE A ORDINARY SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 75 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN THE A ORDINARY SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A ORDINARY SHARES; AND (II) THE A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 25 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A PREFERENCE SHARES AND B1 PREFERENCE SHARES. REDEMPTION THE A ORDINARY SHARES ARE NON-REDEEMABLE.

26May17

EQUITY GBP B ORDINARY

ALL TERMS USED HEREIN ARE DEFINED IN THE ARTICLES OF ASSOCIATION OF THE COMPANY ADOPTED ON 27 APRIL 2017. INCOME SUCH AMOUNTS SO DISTRIBUTED SHALL BE APPLIED IN THE FOLLOWING ORDER OF PRIORITY: (A) FIRST, IN PAYING TO EACH B1 PREFERENCE SHAREHOLDER IN RESPECT OF EACH B1 PREFERENCE SHARE HELD BY SUCH B1 PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH B1 PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH B1 PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE B1 PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN PAYING TO EACH A PREFERENCE SHAREHOLDER IN RESPECT OF EACH A PREFERENCE SHARE HELD BY SUCH A PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH A PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH A PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF THE ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF ORDINARY SHARES HELD BY THEM RESPECTIVELY. CAPITAL ON A RETURN OF CAPITAL ON LIQUIDATION, WINDING-UP OR OTHERWISE (INCLUDING ANY REDEMPTION OR PURCHASE OF SHARES BY THE COMPANY), THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED: (A) FIRST, TO THE B1 PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE B1 SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH B1 PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO BE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE B1 PREFERENCE SHAREHOLDERS BEEN SATISFIED IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE B1 PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) TO THE A PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE A PREFERENCE SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH A PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO BE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL BE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL. (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF THE ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF SUCH SHARES HELD BY THEM RESPECTIVELY. VOTING THE B ORDINARY SHARES ARE NON-VOTING. REDEMPTION THE B ORDINARY SHARES ARE NON-REDEEMABLE.

26May17

EQUITY GBP A1 PREFERENCE

ALL TERMS USED HEREIN ARE DEFINED IN THE ARTICLES OF ASSOCIATION OF THE COMPANY ADOPTED ON 27 APRIL 2017. INCOME SUCH AMOUNTS SO DISTRIBUTED SHALL BE APPLIED IN THE FOLLOWING ORDER OF PRIORITY: (A) FIRST, IN PAYING TO EACH B1 PREFERENCE SHAREHOLDER IN RESPECT OF EACH B1 PREFERENCE SHARE HELD BY SUCH B1 PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH B1 PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH B1 PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN PAYING TO EACH A PREFERENCE SHAREHOLDER IN RESPECT OF EACH A PREFERENCE SHARE HELD BY SUCH A PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH A PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH A PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF ORDINARY SHARES HELD BY THEM RESPECTIVELY. CAPITAL ON A RETURN OF CAPITAL ON LIQUIDATION, WINDING-UP OR OTHERWISE (INCLUDING ANY REDEMPTION OR PURCHASE OF SHARES BY THE COMPANY), THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED: (A) FIRST, TO THE B1 PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE B1 SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH B1 PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO HE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE B1 PREFERENCE SHAREHOLDERS BEEN SATISFIED IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE B1 PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) TO THE A PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE A PREFERENCE SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH A PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO BE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL HE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF THE ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF SUCH SHARES HELD BY THEM RESPECTIVELY. VOTING (A) ON A SHOW OF HANDS, EVERY A ORDINARY SHAREHOLDER, A PREFERENCE SHAREHOLDER AND B1 PREFERENCE SHAREHOLDER WHO (BEING AN INDIVIDUAL) IS PRESENT IN PERSON OR BY PROXY OR (BEING A CORPORATION) IS PRESENT BY A DULY AUTHORISED REPRESENTATIVE OR BY PROXY SHALL HAVE ONE VOTE; (B) ON A WRITTEN RESOLUTION OR ON A POLL: (I) THE A ORDINARY SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 75 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN THE A ORDINARY SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A ORDINARY SHARES; AND (II) THE A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 25 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A PREFERENCE SHARES AND B1 PREFERENCE SHARES. REDEMPTION THE A1 PREFERENCE SHARES ARE NON-REDEEMABLE.

26May17

EQUITY GBP A2 PREFERENCE

ALL TERMS USED HEREIN ARE DEFINED IN THE ARTICLES OF ASSOCIATION OF THE COMPANY ADOPTED ON 27 APRIL 2017. INCOME SUCH AMOUNTS SO DISTRIBUTED SHALL BE APPLIED IN THE FOLLOWING ORDER OF PRIORITY: (A) FIRST, IN PAYING TO EACH B1 PREFERENCE SHAREHOLDER IN RESPECT OF EACH B1 PREFERENCE SHARE HELD BY SUCH B1 PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH B1 PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH B1 PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN PAYING TO EACH A PREFERENCE SHAREHOLDER IN RESPECT OF EACH A PREFERENCE SHARE HELD BY SUCH A PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH A PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH A PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF ORDINARY SHARES HELD BY THEM RESPECTIVELY. CAPITAL ON A RETURN OF CAPITAL ON LIQUIDATION, WINDING-UP OR OTHERWISE (INCLUDING ANY REDEMPTION OR PURCHASE OF SHARES BY THE COMPANY), THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED: (A) FIRST, TO THE B1 PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE B1 SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH B1 PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO HE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE B1 PREFERENCE SHAREHOLDERS BEEN SATISFIED IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE B1 PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) TO THE A PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE A PREFERENCE SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH A PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO BE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL HE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF THE ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF SUCH SHARES HELD BY THEM RESPECTIVELY. VOTING (A) ON A SHOW OF HANDS, EVERY A ORDINARY SHAREHOLDER, A PREFERENCE SHAREHOLDER AND B1 PREFERENCE SHAREHOLDER WHO (BEING AN INDIVIDUAL) IS PRESENT IN PERSON OR BY PROXY OR (BEING A CORPORATION) IS PRESENT BY A DULY AUTHORISED REPRESENTATIVE OR BY PROXY SHALL HAVE ONE VOTE; (B) ON A WRITTEN RESOLUTION OR ON A POLL: (I) THE A ORDINARY SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 75 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN THE A ORDINARY SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A ORDINARY SHARES; AND (II) THE A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 25 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A PREFERENCE SHARES AND B1 PREFERENCE SHARES. REDEMPTION THE A2 PREFERENCE SHARES ARE NON-REDEEMABLE.

26May17

EQUITY GBP A3 PREFERENCE

ALL TERMS USED HEREIN ARE DEFINED IN THE ARTICLES OF ASSOCIATION OF THE COMPANY ADOPTED ON 27 APRIL 2017. INCOME SUCH AMOUNTS SO DISTRIBUTED SHALL BE APPLIED IN THE FOLLOWING ORDER OF PRIORITY: (A) FIRST, IN PAYING TO EACH B1 PREFERENCE SHAREHOLDER IN RESPECT OF EACH B1 PREFERENCE SHARE HELD BY SUCH B1 PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH B1 PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH B1 PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN PAYING TO EACH A PREFERENCE SHAREHOLDER IN RESPECT OF EACH A PREFERENCE SHARE HELD BY SUCH A PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH A PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH A PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF ORDINARY SHARES HELD BY THEM RESPECTIVELY. CAPITAL ON A RETURN OF CAPITAL ON LIQUIDATION, WINDING-UP OR OTHERWISE (INCLUDING ANY REDEMPTION OR PURCHASE OF SHARES BY THE COMPANY), THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED: (A) FIRST, TO THE B1 PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE B1 SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH B1 PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO HE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE B1 PREFERENCE SHAREHOLDERS BEEN SATISFIED IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE B1 PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) TO THE A PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE A PREFERENCE SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH A PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO BE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL HE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF THE ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF SUCH SHARES HELD BY THEM RESPECTIVELY. VOTING (A) ON A SHOW OF HANDS, EVERY A ORDINARY SHAREHOLDER, A PREFERENCE SHAREHOLDER AND B1 PREFERENCE SHAREHOLDER WHO (BEING AN INDIVIDUAL) IS PRESENT IN PERSON OR BY PROXY OR (BEING A CORPORATION) IS PRESENT BY A DULY AUTHORISED REPRESENTATIVE OR BY PROXY SHALL HAVE ONE VOTE; (B) ON A WRITTEN RESOLUTION OR ON A POLL: (I) THE A ORDINARY SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 75 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN THE A ORDINARY SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A ORDINARY SHARES; AND (II) THE A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 25 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A PREFERENCE SHARES AND B1 PREFERENCE SHARES. REDEMPTION THE A3 PREFERENCE SHARES ARE NON-REDEEMABLE.

26May17

EQUITY GBP A4 PREFERENCE

ALL TERMS USED HEREIN ARE DEFINED IN THE ARTICLES OF ASSOCIATION OF THE COMPANY ADOPTED ON 27 APRIL 2017. INCOME SUCH AMOUNTS SO DISTRIBUTED SHALL BE APPLIED IN THE FOLLOWING ORDER OF PRIORITY: (A) FIRST, IN PAYING TO EACH B1 PREFERENCE SHAREHOLDER IN RESPECT OF EACH B1 PREFERENCE SHARE HELD BY SUCH B1 PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH B1 PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH B1 PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN PAYING TO EACH A PREFERENCE SHAREHOLDER IN RESPECT OF EACH A PREFERENCE SHARE HELD BY SUCH A PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH A PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH A PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF ORDINARY SHARES HELD BY THEM RESPECTIVELY. CAPITAL ON A RETURN OF CAPITAL ON LIQUIDATION, WINDING-UP OR OTHERWISE (INCLUDING ANY REDEMPTION OR PURCHASE OF SHARES BY THE COMPANY), THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED: (A) FIRST, TO THE B1 PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE B1 SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH B1 PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO HE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE B1 PREFERENCE SHAREHOLDERS BEEN SATISFIED IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE B1 PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) TO THE A PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE A PREFERENCE SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH A PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO BE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL HE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF THE ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF SUCH SHARES HELD BY THEM RESPECTIVELY. VOTING (A) ON A SHOW OF HANDS, EVERY A ORDINARY SHAREHOLDER, A PREFERENCE SHAREHOLDER AND B1 PREFERENCE SHAREHOLDER WHO (BEING AN INDIVIDUAL) IS PRESENT IN PERSON OR BY PROXY OR (BEING A CORPORATION) IS PRESENT BY A DULY AUTHORISED REPRESENTATIVE OR BY PROXY SHALL HAVE ONE VOTE; (B) ON A WRITTEN RESOLUTION OR ON A POLL: (I) THE A ORDINARY SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 75 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN THE A ORDINARY SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A ORDINARY SHARES; AND (II) THE A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 25 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A PREFERENCE SHARES AND B1 PREFERENCE SHARES. REDEMPTION THE A4 PREFERENCE SHARES ARE NON-REDEEMABLE.

26May17

EQUITY GBP A5 PREFERENCE

ALL TERMS USED HEREIN ARE DEFINED IN THE ARTICLES OF ASSOCIATION OF THE COMPANY ADOPTED ON 27 APRIL 2017. INCOME SUCH AMOUNTS SO DISTRIBUTED SHALL BE APPLIED IN THE FOLLOWING ORDER OF PRIORITY: (A) FIRST, IN PAYING TO EACH B1 PREFERENCE SHAREHOLDER IN RESPECT OF EACH B1 PREFERENCE SHARE HELD BY SUCH B1 PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH B1 PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH B1 PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN PAYING TO EACH A PREFERENCE SHAREHOLDER IN RESPECT OF EACH A PREFERENCE SHARE HELD BY SUCH A PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH A PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH A PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF ORDINARY SHARES HELD BY THEM RESPECTIVELY. CAPITAL ON A RETURN OF CAPITAL ON LIQUIDATION, WINDING-UP OR OTHERWISE (INCLUDING ANY REDEMPTION OR PURCHASE OF SHARES BY THE COMPANY), THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED: (A) FIRST, TO THE B1 PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE B1 SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH B1 PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO HE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE B1 PREFERENCE SHAREHOLDERS BEEN SATISFIED IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE B1 PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) TO THE A PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE A PREFERENCE SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH A PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO BE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL HE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF THE ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF SUCH SHARES HELD BY THEM RESPECTIVELY. VOTING (A) ON A SHOW OF HANDS, EVERY A ORDINARY SHAREHOLDER, A PREFERENCE SHAREHOLDER AND B1 PREFERENCE SHAREHOLDER WHO (BEING AN INDIVIDUAL) IS PRESENT IN PERSON OR BY PROXY OR (BEING A CORPORATION) IS PRESENT BY A DULY AUTHORISED REPRESENTATIVE OR BY PROXY SHALL HAVE ONE VOTE; (B) ON A WRITTEN RESOLUTION OR ON A POLL: (I) THE A ORDINARY SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 75 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN THE A ORDINARY SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A ORDINARY SHARES; AND (II) THE A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 25 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A PREFERENCE SHARES AND B1 PREFERENCE SHARES. REDEMPTION THE A5 PREFERENCE SHARES ARE NON-REDEEMABLE.

26May17

EQUITY GBP B1 PREFERENCE

ALL TERMS USED HEREIN ARE DEFINED IN THE ARTICLES OF ASSOCIATION OF THE COMPANY ADOPTED ON 27 APRIL 2017. INCOME SUCH AMOUNTS SO DISTRIBUTED SHALL BE APPLIED IN THE FOLLOWING ORDER OF PRIORITY: (A) FIRST, IN PAYING TO EACH B1 PREFERENCE SHAREHOLDER IN RESPECT OF EACH B1 PREFERENCE SHARE HELD BY SUCH B1 PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH B1 PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH B1 PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE B1 PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN PAYING TO EACH A PREFERENCE SHAREHOLDER IN RESPECT OF EACH A PREFERENCE SHARE HELD BY SUCH A PREFERENCE SHAREHOLDER AN AMOUNT EQUAL TO THE PRODUCT OF (I) THE STARTING PRICE OF SUCH A PREFERENCE SHARE MULTIPLIED BY (II) 0.06 MULTIPLIED BY (III) THE NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR THAT SUCH A PREFERENCE SHARE WAS IN ISSUE AND DIVIDED BY (IV) THE TOTAL NUMBER OF DAYS IN THE RELEVANT FINANCIAL YEAR, PROVIDED THAT IF THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR ARE INSUFFICIENT TO PAY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL, THE AMOUNTS TO BE DISTRIBUTED SHALL BE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS DISTRIBUTED IN THE RELEVANT FINANCIAL YEAR BEEN SUFFICIENT TO PAY SUCH AMOUNTS IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN PAID IN FULL, IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF ORDINARY SHARES HELD BY THEM RESPECTIVELY. CAPITAL ON A RETURN OF CAPITAL ON LIQUIDATION, WINDING-UP OR OTHERWISE (INCLUDING ANY REDEMPTION OR PURCHASE OF SHARES BY THE COMPANY), THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED: (A) FIRST, TO THE B1 PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE B1 SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH B1 PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO BE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE B1 PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL BE APPORTIONED BETWEEN THE B1 PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE B1 PREFERENCE SHAREHOLDERS BEEN SATISFIED IN FULL; (B) SECOND, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE B1 PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) TO THE A PREFERENCE SHAREHOLDERS UNTIL SUCH TIME AS THE A PREFERENCE SHAREHOLDERS HAVE RECEIVED (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) AN AMOUNT EQUAL TO THE STARTING PRICE (SUBJECT TO APPROPRIATE ADJUSTMENT FOLLOWING ANY BONUS ISSUE OR REORGANISATION) OF EACH A PREFERENCE SHARE HELD, PROVIDED THAT IF THE AMOUNTS REQUIRED TO BE APPLIED ARE INSUFFICIENT TO SATISFY SUCH AMOUNTS TO THE A PREFERENCE SHAREHOLDERS IN FULL IN RESPECT OF ANY RETURN OF CAPITAL, THE AMOUNTS TO BE APPLIED SHALL BE APPORTIONED BETWEEN THE A PREFERENCE SHAREHOLDERS PRO RATA TO THE AMOUNTS THEY WOULD HAVE RECEIVED HAD THE AMOUNTS PAYABLE TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL; AND (C) THIRD, AFTER THE AMOUNTS REQUIRED TO BE PAID TO THE A PREFERENCE SHAREHOLDERS HAVE BEEN SATISFIED IN FULL (WHETHER AS RESULT OF SINGLE OR MULTIPLE RETURNS OF CAPITAL) IN DISTRIBUTING AMONGST THE ORDINARY SHAREHOLDERS (AS IF THE ORDINARY SHARES CONSTITUTED ONE CLASS) THE BALANCE (IF ANY) IN PROPORTION TO THE NUMBERS OF SUCH SHARES HELD BY THEM RESPECTIVELY. VOTING (A) ON A SHOW OF HANDS, EVERY A ORDINARY SHAREHOLDER, A PREFERENCE SHAREHOLDER AND B1 PREFERENCE SHAREHOLDER WHO (BEING AN INDIVIDUAL) IS PRESENT IN PERSON OR BY PROXY OR (BEING A CORPORATION) IS PRESENT BY A DULY AUTHORISED REPRESENTATIVE OR BY PROXY SHALL HAVE ONE VOTE; (B) ON A WRITTEN RESOLUTION OR ON A POLL: (I) THE A ORDINARY SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 75 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN THE A ORDINARY SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A ORDINARY SHARES; AND (II) THE A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS SHALL HAVE, BETWEEN THEM, 25 PER CENT OF THE TOTAL VOTES ALLOCATED TO ALL SHARES, APPORTIONED BETWEEN A PREFERENCE SHAREHOLDERS AND B1 PREFERENCE SHAREHOLDERS PRO RATA TO THEIR RESPECTIVE HOLDINGS OF A PREFERENCE SHARES AND B1 PREFERENCE SHARES. REDEMPTION THE B1 PREFERENCE SHARES ARE NON-REDEEMABLE.

26May17

people (5)

NARULA, Herman logo 1 1
NARULA, Herman
#director #founder #ceo
11Jul12
@cantab

#British #31yo
DIXON, Christopher John logo 1 1
DIXON, Christopher John
#director
09Mar15
@andreessenhorowitz

#American #47yo
TIMONEY, Patrick Andrew logo 1 1
TIMONEY, Patrick Andrew
#secretary
31Dec17
@oxon
NISHAR, Dipchand logo 1 1
NISHAR, Dipchand
#director
27Apr17
@google @linkedin

#Indian #50yo
LIPKA, Peter logo 1 1
LIPKA, Peter
#director #coo
27Apr17
@goldmansachs

#British #30yo
WHITEHEAD, Robert
#founder #cto

@cantab
LIPKA, Peter
#founder #coo

@GoldmanSachs
TIMONEY, Patrick
#director #operations
06Jul15
27Apr17 (res)
@oxon
ALLY, Bibi Rahima
#director
16May12
11Jul12 (res)

CHEN, Philemon
#director
05Mar16
27Apr17 (res)
@presencecap @htc
MILLER, Robert
#secretary
27Apr17
31Dec17 (res)

DI MAURO, Michele
#director
22May13
20May15 (res)

NOVIK, Gilad
#director
06Jul15
05Mar16 (res)
@Horizon
TIMONEY, Patrick Andrew
#secretary #operations
13Jan14
27Apr17 (res)
@oxon

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