The Directors present their review of the activities of Vantos Markets (UK) Limited (the "Company") for the year ending 31 December 2025. The Directors, in preparing this strategic report, have complied with s414C of the Companies Act 2006.

Vantos Markets (UK) Ltd is an online global financial services provider. The Company provides execution-only financial Contract For Differences (CFDs) and Spread Bets in a range of instruments including Foreign Exchange, Indices, Commodities and Bonds. The Company currently offers the "MT4" online trading platform through which appropriately assessed customers can invest. Customers are majority retail clients and Client Money is segregated and held in a trust account with a Tier 1 A-rated bank.

The Company is authorised and regulated by the Financial Conduct Authority (FCA), Firm Reference Number 709693. The office headquarters are located in London, United Kingdom and client services representatives are located in offices world-wide.

The revenue of the Company mainly derives from the transactional spread generated from client trading Vantos Markets (UK) Ltd is a wholly owned subsidiary of Vinalytics Limited.

The UK business continued to suffer due to the cost of living crisis, both in terms of client numbers and trades. However, the Directors are hopeful that revenues will increase in 2026 and together with a reduction in overhead costs a return to profit will be possible.

The Company has a conservative risk appetite and is continually monitoring and assessing risks as part of its internal Capital Adequacy Capital and Risk Assessment ("ICARA") as required by the FCA, which includes vigorous stress testing of the business model and financial projections to ensure the business is solvent, liquid and maintains adequate capital resources.

The Directors and Board of Capital Index understands the following as the main areas of risk impacting the Company:

Credit Risk

External credit risk represents the loss the Company would incur if a counterparty or financial institutions failed to perform its contractual obligations. The Company seeks to mitigate this risk by only using institutions with good credit ratings and avoiding concentration on any one given supplier. Continuous monitoring, including initial and ongoing due diligence, is performed on all key suppliers to ensure financial stability.

Internal credit risk exists where clients trade beyond their cash balance creating a margin deficiency, however, the Company ensures that sufficient cash collateral is held against open positions to avoid this risk. Automated controls prevent clients opening or running open trading positions against inadequate cash balances. Additionally, the ESMA product intervention measures have significantly reduced credit risk to clients.

Regulatory Risk

Regulatory risk arises if the Company does not fully comply with the full range of regulations and its licence obligations. Currently the industry is receiving an increasing amount of regulatory attention and the Company is operating in a highly regulated environment. The Company is subjected to constantly evolving regulation and law changes in a number of areas including tax and VAT, betting duty, leverage limits, client KYC, AML, appropriateness, MIFID II, reporting and disclosure requirements. The Company recognises that one of the most critical regulatory areas is the safety and segregation of Client Monies. It also monitors the capital adequacy and financial resources of the Company. The Company makes a significant investment in the Compliance resource, both externally and internally, to ensure regulatory compliance is continually attained.

Operational Risk

Operational risk, inherent in all businesses, is the potential for financial and reputational loss arising from failures in internal controls, operational process or systems. It includes errors, omissions, disasters and deliberate acts such as fraud. The Company has policies and procedures to mitigate operational risk and continually monitors risk and controls through frequent Risk Committee meetings and the systematic assessment of risks under Pillar 2 framework.

As part of Operational Risk, system risk can be separately distinguished and considered individually as deemed to be so vital to the operation of the Company. It is evaluated as the financial loss incurred through sustained loss of systems caused by online trading platform down time, cyber attacks and loss of data. The Company continues to develop its technology infrastructure and operates daily backups to secure locations and invests in preventative measures such as enhanced server firewall protection. DDOS protection and ransomware mitigation. The Company has recovery programmes and backup systems in place. A comprehensive disaster recovery plan has been prepared with recovery procedures and actions to be followed in the case of damage to any vital part of the Company structure. This is reviewed constantly and tested periodically throughout the year.

Currency Risk

The principal currencies in which the Company trades are British Pounds, Euros and United States Dollars. This gives rise to currency risk on the translation of its net current assets together with a currency risk on the conversion of its non-British Pounds income into British Pounds, The Company monitors the risk on an ongoing basis and hedges this risk to the extent it considers appropriate.

The Company's 2025 trading revenue was £591,472, a decline of 31% from £856,657 in the prior year. Trading profit margin for the 2025 year was 81% compared to 84% for 2024. Cash and cash equivalents as at 31 December 2025 was £873,079 (2024: £348,750).

Other key performance indicators

Management monitors the performance of the business through the following Key Performance Indicators:

• Volumes executed;

• Number of trades executed;

• Number of active clients;

• Net Deposits;

• Number of New Accounts:

• Client Loss %.

Directors' statement of compliance with duty to promote the success of the Company

The Directors of the Company are aware of the requirement for them to act in the way that considers, in good faith, what would most likely promote the success of the company for the benefit of its members as a whole. In consideration of this duty, the Directors consider the following stakeholders:

Shareholders

The Directors have regular contact with the shareholders in order to maximise the Company's long-term growth prospects.

Customers

The Company's customer base is mainly retail clients. The Directors prioritise compliance with the FCA client money rules to ensure clients are protected. To ensure client protection is a key focus of the board, all Directors attend the monthly Audit, Risk and Compliance meeting where client money is discussed.

Suppliers

The Company has various key supplier relationships and each supplier is internally allocated to a senior manager to ensure the smooth running of the business relationship.

Community and the environment

The Company seeks to reduce its carbon footprint by keeping as much online as possible and promotes a paperless environment. The Ultimate Beneficial Owner (UBO) is known for his philanthropic endeavours through his foundation. More details can be found on the Company's website.

Regulators

The company is authorised and regulated by the Financial Conduct Authority (FCA) and the Directors are committed to ensuring full compliance with our regulations and reporting requirements.

On behalf of the board

The directors present their annual report and financial statements for the year ended 31 December 2025.

The principal activity of the company continued to be that of the provision of online currency, indices and commodities brokerage services.

The loss for the year, after taxation, amounted to £153,957 (2024: £18,248).

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Subsequent to the year end the parent company injected a further £450,000 into the company in the form of a capital contribution.

The company will look to expand its client size by means of organic growth, driven by marketing.

The auditor, BKL Audit LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

We have audited the financial statements of Vantos Markets (UK) Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

• the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

• Enquiring of management and those charged with governance around actual and potential litigation and claims;

• Enquiring of management and those charged with governance to identify any instances of non-compliance with laws and regulations;

• Reviewing board meeting minutes for all meetings taking place throughout the year and indeed up until the date of signature of these financial statements;

• Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

• Reviewing the general ledger in detail for all transactions with related parties;

• Performing walkthrough testing to ensure systems and controls are operating as recorded where appropriate;

• Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Company's internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

• Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' Report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

The profit and loss account has been prepared on the basis that all operations are continuing operations.

The notes on pages 13 to 23 form part of these financial statements.

The notes on pages 13 to 23 form part of these financial statements.

The principal activity of Vantos Markets (UK) Limited ("the Company") is provision of online currency, indices and

commodities brokerage services.

The Company is a private company limited by shares and is incorporated in England and Wales.

The registered office address is 75 King William Street, London, England, EC4N 7BE.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The preparation of the financial statements in compliance with FRS 102 required the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the entity's accounting policies (please see note 2).

The principal accounting policies adopted are set out below.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The directors are confident that the business is well capitalised, and has in place relevant prudent risk management policies and recovery and orderly wind down plans in place as required by the FCA. Accordingly, the board stand ready to act where emerging risks are identified in both the immediate and long term to ensure the business remains a going concern.

During the year, the company incurred a loss of £153,957. After reviewing forecasts and management accounts, the directors are satisfied that the company has sufficient working capital to continue trading for a period of at least 12 months from the date of approval of these financial statements. In addition, the company is supported by its parent undertaking, and the directors are confident that such support will continue for at least 12 months from the date of approval of the financial statements.

Turnover represents commission, spread and financial revenue from online broking in Contracts for Difference (CFDs) and spread betting.

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the statement of income.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and related parties.

(i) Financial assets

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, accruals and amounts due to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Finance Costs

Finance costs are charged to the profit and loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Matched principle transactions

The Company acts as a CFD and spread betting broker, where each trade placed by its clients is simultaneously matched by a corresponding cover trade with a liquidity provider. Due to the matched principle transactions, the position risk is considered to be low.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors do not consider that any critical judgements have been made in the application of the company’s accounting policies, and no key sources of estimation uncertainty have been identified that have a significant risk of causing a material misstatement to the carrying amounts of assets and liabilities within the financial year.

The average monthly number of persons (including directors) employed by the company during the year was:

Their aggregate remuneration comprised:

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2024 - 2)

The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the profit or loss and the standard rate of tax as follows:

The company has trading losses carried forward of £579,099 (2024: £420,082) available to be offset against future trading profits.

Amounts due from group companies are unsecured, interest free and repayable on demand.

Interest is accrued on the loan at a rate of 5% per annum. The loan was repaid in full in the year.

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Contributions totalling £7,274 (2024: £9,019) were made during the year, with an amount left payable at the Balance Sheet date of £1,814 (2024: £1,650).

This represents the excess paid for the Ordinary Shares over their nominal value.

This represents a non-refundable capital contribution from the parent company.

This represents the total distributable profits.

The Company holds money on behalf of clients in accordance with the client money rules of its regulator. Client monies are held in segregated banks and settlement accounts in accordance with regulations and the corresponding liabilities to these clients are not recognised on the Statement of Financial Position. At 31 December 2025, amounts held in accordance with the Client Asset Rules of the Financial Conduct Authority amounted to £1,676,200 (2024: £2,795,441).

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

The operating leases represent one lease to third parties. The leases are negotiated over 1 year and rentals are fixed for 1 year.

Subsequent to the year end the parent company injected a further £450,000 into the company in the form of a capital contribution.

The company has taken advantage of the exemption available under FRS 102 from disclosing related party transactions with wholly‑owned group undertakings. Transactions with other group companies that are not wholly owned, or with the parent, have been disclosed where required. Transactions with key management personal are disclosed in note 9.

On the 17th of December, Vantos Markets (UK) Limited (formerly Capital Index (UK) Limited) underwent a change in ownership whereby Vinalytics Limited acquired 100% of the shares previously held by Capital Index (Cyprus) Limited, a company registered in Cyprus. The ultimate parent company was M.A.P Corporate Service Limited, a company registered in Cyprus. As a result of this transaction, Vinalytics obtained 100% of the voting rights in the Company, becoming the new immediate and ultimate controlling undertaking. The company’s registered address is Aegis Chambers, 1st Floor, Ellen Skelton Building, 3076 Sir Francis Drake’s Highway, Road Town, Tortola, VG1110, British Virgin Islands. Following the change in ownership, the Company's ultimate controlling party is Sun Siyuan. Prior to the transaction, the Company was ultimately controlled by Gregory Secker.