Shareholder Information

Summary

Last Updated on 16 May 2024

Tap Shares are only traded on AQSE Growth Market. Tap is subject to the UK City Code on Takeovers & Mergers, and there are no restrictions on the transferability of the company’s Ordinary Shares.

Exchange
Aquis Stock Exchange (AQSE)
Ticker
TAP
Sector
Financial Services
Issued Share Capital
693,409,624
Percentage of Shares in Public Hands
32.9%

Significant Shareholders (over 5%)

Shareholder
Number of Ordinary Shares
% of Issued Share Capital
Eric Xu
34,670,481
5.00

Director Interests

Shareholder
Number of Ordinary Shares
% of Issued Share Capital
Arsen Torosian
427,735,000
61.7
John Taylor
2,750,000
0.4
David Hunter
148,347
0.02

LTIP Options

The following Long Term Incentive Plan (LTIP) Options are based on revenue of up to £4 million being achieved for the financial year ending 30 June 2024 (Milestone 1), and revenue of up to £8.2 million being achieved for the financial year ending 30 June 2025 (Milestone 2). All of the LTIP Options will be exercisable at nominal value per Ordinary Share. Milestone 1 and Milestone 2 may be partly paid if certain percentages of the revenue targets are achieved as follows:

Year ended June 2024: Turnover Achieved
Enlarged Group Turnover Achieved
Year ended June 2025: Turnover Achieved
Enlarged Group Turnover Achieved
70% achieved
£2,800,000
70% achieved
£5,740,000
80% achieved
£3,200,000
80% achieved
£6,560,000
90% achieved
£3,600,000
90% achieved
£7,380,000
100% achieved
£4,000,000
100% achieved
£8,200,000

Milestone 1 LTIP Options

(assuming £4million turnover achieved)

Vendor
LTIP Options
David Carr
14,250,000
Arsen Torosian
14,250,000
Tony Quirke
1,500,000
Christopher Wawn
1,500,000

Milestone 2 LTIP Options

(assuming £8.2million turnover achieved)

Vendor
LTIP Options
David Carr
14,250,000
Arsen Torosian
14,250,000
Tony Quirke
1,500,000
Christopher Wawn
1,500,000

Warrants

Number
Exercise Price
Expiry Date
39,444,445
8p
January 10, 2026
1,000,000
4.5p
January 10, 2028