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

Share Capital

v3.23.1
Share Capital
 12 Months Ended
Dec. 31, 2022
Disclosure Of Classes Of Share Capital Text Block Abstract  
Share capital

23. Share capital

 

Issued and fully paid share capital

 

    2022     2021              
    Number
’000		     Number
’000		     2022
£’000		     2021
£’000		  
                         
Class A ordinary shares of $0.0001 per share     768,798       112,010       55       8  
Class C ordinary shares of $0.0001 per share    
-
       640,924      
-
       47  
      768,798       752,934       55       55  

 

On February 26, 2022, the Class C Shares automatically converted into Class A Shares on a one-for-one basis in accordance with the Articles. The share capital numbers above are before giving effect to the reverse stock split which became effective on February 8, 2023. Refer to Note 28 for further details.

 

    Share capital     Share premium     Merger reserve  
    £’000     £’000     £’000  
                   
At December 31, 2020    
-
       266,120       181,250  
                         
Acquisition of subsidiaries    
-
       5,365       65,348  
Warrants exercised    
-
       11,967      
-
  
Recapitalization at the Transaction                        
- Group restructuring     49       70,086       174,236  
- PIPE share issuance     6       583,936      
-
  
- Transaction costs    
-
       (34,888 )    
-
  
                         
At December 31, 2021     55       902,586       420,834  
                         
Acquisition of subsidiaries    
-
       23,051      
-
  
                         
At December 31, 2022     55       925,637       420,834