Approved share scheme
Certain employees have been granted options over unissued share capital of the company. The options expire ten years after the grant date.
The movements in the number of share options during the year were as follows:
Outstanding at beginning of year: nil (2023: nil)
Granted during the year: 1,769 (2023: nil)
Lapsed during the year: 1,005 (2023: nil)
Outstanding at end of year: 764 (2023: nil)
The weighted average exercise price of share options issued and lapsed during the year was £0.00001 (2023: N/A). The weighted average exercise price of all share options at the year end was £0.00001 (2023: N/A).
No expense for share options has been recognised in the year on the grounds that the expense is immaterial.
Warrants
Certain shareholders have warrants conferring the right to subscribe for additional ordinary shares in the company.
The movement in the number of warrants during the year was as follows:
Outstanding at beginning of year: 1,706 (2023: 1,706)
Issued during the year: nil (2023: nil)
Outstanding and exercisable at end of year: 1,706 (2023: 1,706)
The weighted average exercise price of share warrants in issue at the start and end of the year was £4.24 (2023: £4.24).