Premaitha Health recognises the importance of sound corporate governance and the enlarged Group will comply with the provisions of the Corporate Governance Code for Small and Mid-Size Quoted Companies (QCA Code), as published by the Quoted Companies Alliance, to the extent they consider appropriate in light of the Enlarged Group’s size, stage of development and resources.

The Company has adopted and will operate a share dealing code governing the share dealings of the Directors and applicable employees to ensure compliance with the AIM Rules.

The Company will hold board meetings periodically as issues arise which require the attention of the Board. The Board will be responsible for the management of the business, setting the strategic direction of the Company and establishing the policies of the Company. It is the Board’s responsibility to oversee the financial position of the Company and monitor the business and affairs of the Company on behalf of the Shareholders, to whom the Directors are accountable. The primary duty of the Board will be to act in the best interests of the Company at all times. The Board will also address issues relating to internal control and the Company’s approach to risk management.

Manchester at Night

Remuneration Committee
Adam Reynolds - Chairman
Nicholas Mustoe

The Remuneration committee, which will meet not less than twice a year, will be responsible for the review and recommendation of the scale and structure of remuneration for senior management, including any bonus arrangements or the award of share options with due regard to the interests of the Shareholders and the performance of the Company.

Audit Committee
Nicholas Mustoe - Chairman
Adam Reynolds

The Audit committee, which will meet not less than twice a year, will be responsible for making recommendations to the Board on the appointment of auditors and the audit fee and for ensuring that the financial performance of the Company is properly monitored and reported. In addition, the Audit Committee will receive and review reports from management and the auditors relating to the interim report, the annual report, the accounts and the internal control systems of the Company.

The Company is subject to the UK City Code on Takeovers and Mergers.

Quoted Companies Alliance Member