Share Capital Development

Date
Type of Change
Funds Raised
Change in Shares
Total Shares
Apr-05
Incorporation
£52,000
26,000,000
26,000,000
Oct-05
Placing
£1,000,000
12,000,000
38,000,000
Oct-05
Isua Option
£0
10,000,000
48,000,000
Jan-06
Placing
£200,000
1,000,000
49,000,000
Jun-06
Placing
£461,000
922,000
49,922,000
Aug-06
Placing
£732,300
732,300
50,654,300
Aug-06
Placing
£40,013
36,375
50,690,675
Mar-07
Placing
£7,675,000
7,675,000
58,365,675
May-07
Placing
£20,425,746
13,556,000
71,921,675
Jun-07
Convert Loan Notes
£0
7,500,000
79,421,675
Sep-07
Placing
£28,821,760
18,824,000
98,245,675
Oct-07
Placing
£809,360
572,500
98,818,175
Dec-07
Warrant Exercise
£94,000
470,000
99,288,175
Jan-08
Warrant Exercise
£515,875
337,500
99,625,675
Jan-08
Employee Contract
£0
66,667
99,692,342
Mar-08
Options Exercise
£85,000
1,000,000
100,692,342
Apr-08
Introduction Fee
£0
161,453
100,853,795
May-08
Options Exercise
£52,500
30,000
100,883,795
Aug-08
Options Exercise
£261,000
150,000
101,033,795
Aug-08
Options Exercise
£9,128,125
5,000,000
106,033,795
Sep-08
Warrant Exercise
£20,000
100,000
106,133,795
Sep-08
Warrant Exercise
£50,000
250,000
106,383,795
Oct-08
Warrant Exercise
£30,000
150,000
106,533,795
Oct-08
Warrant Exercise
£500,000
2,500,000
109,033,795
Nov-08
Warrant Exercise
£870,000
500,000
109,533,795