Shareholder Information

Summary

Last Updated on 19 November 2025

Tap’s shares are only traded on the London Stock Exchange’s AIM market under the ticker TAP.

Exchange
London Stock Exchange (AIM)
Ticker
TAP
Sector
Financial Services
Issued Share Capital
743,409,624
Percentage of shares not in public hands
60.03%

Significant Shareholders (over 3%)

Shareholder
% of Issued Share Capital
Arsen Torosian
59.52%

Director Interests

Shareholder
% of Issued Share Capital
Arsen Torosian
59.52%
John Taylor
0.37%
Manuel De Luque
0.14%

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
2,250,000
2p
February 17, 2028

Options

Number
Exercise Price
Expiry Date
30,000,000*
3p
November 2034
10,000,000*
3p
November 2035
33,000,000
3p
February 2035
4,000,000
3p
June 2035

*Vesting conditions:
‍
25% Six months after date of grant
25% on the bid price for the Company’s shares reaching at least 15p
25% on the bid price for the Company’s shares reaching at least 25p
25% on the bid price for the Company’s shares reaching at least 50p

The vesting criteria requires the recipients to remain engaged by the Company at the time of vesting. Share price targets require the share price to close at or above each target for at least five days in a 20-day period.