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Shareholders
The number of ordinary shares in issue is 38,708,894. In addition, there are 257,625 director and employee options and 186,989 warrants held by the Company’s advisers. A total of £1.25 million in convertible bonds are in issue and can be converted at £1.808 per bond unit into 691,371 ordinary shares.
Identity and holding of significant shareholders
The company has been notified of the following beneficial shareholdings of 3 per cent or more of the issued capital:
| Name | Number of Shares | % of ISC |
| BV-Tech SpA | 25,964,850 | 67.1% |
| Andrea Stecconi | 1,826,836 | 4.72% |
Directors’ Shareholdings
The directors hold the following beneficial interest in shares in the company:
| Name | Number of Ordinary Shares | % of ISC |
| Raffaele Boccardo* | 22,329,771 | 57.7% |
| Tony Reeves | 31,250 | 0.08% |