Substantial shareholdings

The Company’s issued share capital consists of 27,944,389 ordinary shares with a nominal value of 10 pence each (“Ordinary Shares”), each share having equal voting rights.

The interests, by parent company, of our top ten shareholders in the issued ordinary share capital of the Company, which have been notified as at 31 March 2019, were as follows, representing 69.1% of the total issued ordinary share capital:

  Ordinary shares of 10p each Percentage of ordinary shares %
Octopus Investments 4,887,286 17.5
Cat Rock Capital Management 3,543,222 12.7
Invesco (inc Perpetual Asset Management) 2,559,068 9.2
Standard Life Aberdeen 2,416,308 8.6
Legal and General Investment Management 1,324,568 4.7
Gresham House 1,281,470 4.6
Employee Benefit Trust 1,140,400 4.1
JPMorgan Chase & Co 739,801 2.6
GlobeFlex Capital 726,174 2.6
River and Mercantile Asset Management 701,149 2.5
  19,319,446 69.1

In accordance with the AIM Rule 26, in so far as the Company is aware, the total and percentage of the Company’s issued share capital that is not in public hands is 1,187,468 shares and 4.2% respectively. This percentage comprises the holdings of Directors of the company, as noted below, and the Employee Benefit Trust (the Company’s Joint Share Ownership Plan), as noted above.

Directors’ shareholdings

Excluding interests in share options and Joint Share Ownership Plans, which are fully disclosed in the 2018 Annual Report and in the 2018 Interim Results, the beneficial holdings of the directors as at 31 March 2019 in the Company’s issued share capital at 31 March 2019 is as follows: 

  Ordinary shares of 10p each % of total in issue
Ed Barker 1,104 -
John Crabtree 25,305 0.1%
Chris Pullen 20,659 0.1%
  47,068 0.2%