Dividend Policy The Directors intend to commence the payment of dividends when it becomes commercially prudent to do so and subject to the availability of distributable reserves and the retention of funds required to finance future growth. 13. Marketability of Ordinary Shares No application has been made for the Ordinary Shares to be dealt in on any recognised investment exchange. It is the intention of the Directors to seek admission of the Ordinary Shares to trading on the Alternative Investment Market of the London Stock Exchange at the earliest opportunity. However, the Directors are unable to give any guarantee as to when or if Admission will take place. Grant Thornton has agreed to act as nominated adviser for such purpose.