XML 48 R28.htm IDEA: XBRL DOCUMENT v3.23.3
Share Capital
12 Months Ended
Dec. 31, 2022
Share Capital [Abstract]  
Share capital

23. Share capital

 

Issued and fully paid share capital

 

   2022   2021         
   Number
’000
   Number
’000
   2022
£’000
   2021
£’000
 
                 
Class A ordinary shares of $0.0001 per share   768,798    112,010    55    8 
Class C ordinary shares of $0.0001 per share   
-
    640,924    
-
    47 
    768,798    752,934    55    55 

 

On February 26, 2022, the Class C Shares automatically converted into Class A Shares on a one-for-one basis in accordance with the Articles. The share capital numbers above are before giving effect to the reverse stock split which became effective on February 8, 2023. Refer to Note 28 for further details.

 

   Share capital   Share premium   Merger reserve 
   £’000   £’000   £’000 
             
At December 31, 2020   
-
    266,120    181,250 
                
Acquisition of subsidiaries   
-
    5,365    65,348 
Warrants exercised   
-
    11,967    
-
 
Recapitalization at the Transaction               
- Group restructuring   49    70,086    174,236 
- PIPE share issuance   6    583,936    
-
 
- Transaction costs   
-
    (34,888)   
-
 
                
At December 31, 2021   55    902,586    420,834 
                
Acquisition of subsidiaries   
-
    23,051    
-
 
                
At December 31, 2022   55    925,637    420,834