Share Information and
Significant Shareholders 

The Company’s shares are traded on the Access Segment of the AQSE Growth Market

The number of securities in issue is: 382,165,687 of £0.000001 each. There are no shares held in treasury.

There are no restrictions on the transferability of the shares.

Details of the Lock-in Agreements between the Company and certain shareholders are available in the Company’s Admission Document.

The percentage of shares held in public hands is: 34.89%.

There are options granted over 42,000,000 shares which would represent, if they were exercised, 9.9% of the enlarged share capital.

A list of the shareholders holding more than five per cent of the Company’s share capital or voting rights and the percentage held by such shareholders are as follows:

*Mr Ellam’s shareholding includes 3,184,941 Ordinary Shares held by SPE Simpson Ltd, a company controlled by Mr Ellam.

Director shareholders:

*Mr Ellam’s shareholding includes 3,184,941 Ordinary Shares held by SPE Simpson Ltd, a company controlled by Mr Ellam.

Last updated: 10 December 2025

Principle 6 – Establish and maintain the board as a well-functioning, balanced team led by the chair

The Board comprises Sam Roberts, the Non-Executive Chair, Scott Ellam, the Chief Executive Officer, Angus Gladish, the Chief Financial Officer, and Non-Executive Director Vijay Selvam. All Directors bring invaluable expertise and skills, forming a diverse, effective, and independent Board.

The Non-Executive Chair and Non-Executive Director are considered to be independent. The Chief Executive Officer, Scott Ellam, and the Chief Financial Officer, Angus Gladish work for the Company full-time, and the Non-Executive Directors, including the Chair, devote such time to the business as is necessary for the exercise of their duties. All of the Directors are committing the time necessary to fulfil their roles. The Non-Executive Directors sit on the Remuneration and Audit and Risk Committees. The Board meets formally at least four times a year.

The Company monitors conflicts of interest closely and has implemented a series of procedures to deal with any conflicts that may arise. The Board is aware of its Directors’ responsibilities and interests outside of the Company, and any changes are communicated to and, where appropriate, agreed upon by the rest of the Board.

Principle 7 – Maintain appropriate governance structures and ensure that individually and collectively the directors have the necessary up-to-date experience, skills and capabilities

The governance structures within the Company have been assessed by the Board and are considered appropriate for the size, complexity and risk profile of the Company. This is reviewed by the Board regularly to ensure governance arrangements continue to be appropriate as the Company grows.

Directors are encouraged to undertake additional training where required. The Company’s lawyers, auditors, company secretarial support and corporate advisor provide regular updates on corporate governance and financial reporting developments and the Aquis Growth Market Access Rulebook.

The Board is responsible for setting the Company’s strategy and delivering value to shareholders by implementing its business model effectively. The Directors have a duty and legal obligation to promote the success of the Company and are collectively responsible for establishing and maintaining a robust corporate governance framework.

The Chair, CEO, CFO and Non-Executive Directors have clearly defined roles and responsibilities, with the role of the Chair being to lead the Board and ensure it is operating effectively in approving and monitoring the strategic direction of the Company. The role of the CEO is to propose strategic direction to the Board and to execute the approved strategy by leading the executive team in managing the Company’s business. The role of Non-Executive Directors is to act as a sounding board for the Chair and a source of reciprocal feedback for other members of the Board and shareholders.

The Board has established two principal committees, being the Audit and Risk Committee and the Remuneration Committee. The Audit and Risk Committee is responsible for monitoring the integrity of the Company’s financial statements and internal controls, determining the relationship with the Company’s auditor, including ensuring their independence, and assisting the Board with risk management and setting the Company’s risk appetite. The Remuneration Committee determines the remuneration policy for the Executive Directors, the Chair, and the Senior Executives.

The Directors of Connecting Excellence Group plc (the Company) are committed to ensuring high standards of governance for the company and have adopted the provisions of the Quoted Companies Alliance Corporate Governance (QCA Code), which requires companies to adopt and comply with each of the principles or explain non-compliance.

The Board believes that effective corporate governance is integral to achieving medium- to long-term success and value for our shareholders and stakeholders and remains committed to continued improvement of the Company’s corporate governance framework. The Company has adopted the QCA Code and conforms with its 10 Principles. Where the Company’s corporate governance framework differs from the QCA Code, an explanation is provided at the end of this statement.

We will continue to provide regular updates on our compliance with the QCA Code as part of the Company’s Annual Report and Accounts.