Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Share Based Payments (Tables)

v3.22.1
Share Based Payments (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure Of Sharebased Payment Arrangements [Abstract]  
Schedule of recognized a share based charge
    Year ended
December 31
2021		     Year ended
December 31
2020		     Year ended
December 31
2019		  
    £’000     £’000     £’000  
                   
EMI prior to the Transaction     73       182       152  
Unapproved prior to the Transaction     29,096       3,577       47  
Modification at the Transaction     1,103      
-
      
-
  
Incentive Equity Plan after the Transaction     13,599      
-
      
-
  
                         
      43,871       3,759       199  

 
Schedule of reconciles the share options outstanding
Scheme   Number     Grant date   Expiry date
               
Unapproved prior to the Transaction     469,000     01/01/2021   01/01/2031
Unapproved prior to the Transaction     2,023,516     01/04/2021   01/04/2031
Incentive Equity Plan after the Transaction1     23,915,248     01/10/2021   01/10/2031
                 
Total 2021     26,407,764          
                 
Unapproved prior to the Transaction     1,566,584     01/01/2020   01/01/2030
Unapproved prior to the Transaction     1,422,500     01/04/2020   01/04/2030
Unapproved prior to the Transaction     2,215,381     01/07/2020   01/07/2030
Unapproved prior to the Transaction     1,594,720     01/10/2020   01/10/2030
                 
Total 2020     6,799,185          
                 
Unapproved prior to the Transaction     2,079,500     01/06/2019   31/05/2029
EMI prior to the Transaction     7,102,500     01/10/2019   30/09/2029
                 
Total 2019     9,182,000          

 
Schedule of reconciles the share options outstanding
    EMI     Unapproved     Incentive
Equity Plan		  
    Number of
options		     Number of
options		     Number of
options		  
At December 31, 2019     7,087,500       2,059,500      
-
  
                         
Granted during the year    
-
       6,799,185      
-
  
Exercised during the year     (1,353,817 )    
-
      
-
  
Forfeited during the year     (1,050,000 )     (737,292 )    
-
  
At December 31, 2020     4,683,683       8,121,393      
-
  
                         
Granted prior to the Transaction    
-
       2,492,516      
-
  
Forfeited prior to the Transaction     (66,413 )     (579,713 )    
-
  
Cash settled at the Transaction     (34,690 )     (44,114 )    
-
  
Replacements at the Transaction1     (4,582,580 )     (9,990,082 )     50,347,491  
Granted after the Transaction    
-
      
-
       23,915,248  
At December 31, 2021    
-
      
-
       74,262,739  

 
Schedule of relevant in the determination of fair value of the employee share options granted
    Unapproved     Incentive Equity
Plan		     Incentive Equity
Plan – Executive
Directors		  
                   
Valuation method     Monte-Carlo       N/A1       Monte-Carlo  
Exercise price     £nil      
£nil
      
£nil
  
Expected volatility     50 %    
N/A
       53 %
Dividend yield     Nil      
Nil
      
Nil
  
Risk free interest rate     0.00 %    
N/A
       1.15 %
Fair value per share     £8.27 - £23.74     £ 5.33     £ 2.93  

 

    Unapproved  
       
Valuation method     Black-Scholes  
Exercise price     £nil  
Expected volatility     46 %
Dividend yield     Nil  
Risk free interest rate     0.00 %
Fair value per share     £0.72 - £4.47  

 

    EMI     Unapproved  
             
Valuation method     Black-Scholes       Black-Scholes  
Exercise price   £ 0.10      
£nil
  
Expected volatility     66 %     62 %
Dividend yield    
Nil
      
Nil
  
Risk free interest rate     0.80 %     0.75 %
Fair value per share   £ 0.17     £ 0.17