Result of Tender Offer

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Posted on August 18, 2025

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Further to the announcement made on 31 July 2025, the Board can confirm that a total of 6,344 Ordinary Shares were tendered at a price of £9.75 per Ordinary Share, representing a 3% take-up.

Given the low level of shareholder participation, the directors have determined that proceeding with the buyback scheme this year is no longer in the best interests of the Company and its shareholders. Accordingly, the Tender Offer has been cancelled in accordance with paragraph 2.19 of Part 2 of the Tender Offer circular dated 31 July 2025.