Share based arrangements existed during the period.
The company has 106,791 options granted and vesting at the period end date to be settled via equity. All options start to vest after the employee has completed 1 year of service and will vest monthly for a period of 3 years (4 years in total).
28,492 options vested during the period.
Details of movement in the number of Options:
(i) outstanding at the beginning of the period; 87,901
(ii) granted during the period; 20,850
(iii) forfeited during the period; 6,019
(iv) exercised during the period; 5,840
(v) expired during the period; 0
(vi) outstanding at the end of the period; 96,892
and (vii) exercisable at the end of the period 54,194
Management have deemed the value of equity instruments to be equal to the latest share price when the options were granted. £155,069 (2023:152,010) has been recognised during the period as an expense.