Overview

This section contains links to core management and financial information and has been designed to comply with the requirements of Rule 26 of the AIM Rules for Companies – ‘Company information disclosure’. The information in this section was last updated on 19.10.15.

Background to the Company and the Placing

The Company was incorporated on 6 May 2014 and owns 100 per cent. of the ordinary share capital of its two subsidiaries Windar Photonics A/S and, through Windar Photonics A/S, Windar Photonics Inc. On 29 August 2014 the Company issued Ordinary Shares in consideration for the transfer to the Company of the entire issued share capital in its subsidiaries pursuant to the Share Swap Agreement and, on the same date, the Company closed an initial private offering which raised approximately £2 million. On 2 October 2014, the Company subsequently closed a further private offering which raised approximately £1 million. Between 28 November 2014 and 12 December 2014, institutional and other investors invested approximately a further £2.88 million. All of these fundraisings were conducted at a price of 100 pence per Ordinary Share.