AIM 26 Summary

Our Business

Immunodiagnostic System Holdings PLC (IDS) is a global medical diagnostics business dedicated to the development and provision of innovative automated and manual assays. Our development focus is in the clinical areas of bone and calcium metabolism, growth, hypertension and kidney disease. Our IDS-iSYS system provides a compact bench top system that fully automates immunoassay testing.

IDS designs, manufactures and sells immunoassay kits, which are used to measure or detect particular substances within a sample, thus aiding the diagnosis or monitoring of a disease or providing information for research studies. IDS manufactures manual assays as well as automated assays for use on its reliable and easy to use IDS-iSYS instrument. It has manufacturing sites in the UK, Belgium and France, and direct distribution in the UK, France, Germany, the US and Brazil. Other territories are served through third-party distributors.

Our Directors

Mr J Stuut – CEO
Mr P J Martin – Group Finance Director and Company Secretary
Dr B Wittek – Chairman
Mr P J Williamson – Non-executive Director
Dr K P Kaspar – Non-executive Director

Responsibilities of the Members of the Board

The Board has overall responsibility for determining and directing the Group’s corporate strategy. It considers and approves the annual business plan and monitors performance of the Group against that plan.

The Board designs internal controls to provide the directors with reasonable assurance that its assets are safeguarded, that transactions are authorised and properly recorded, and that material errors and irregularities are either prevented or will be detected within a timely period. The Board has overall responsibility to reviewing the effectiveness of these controls.

The Directors are responsible for preparing the Annual Report and Group Financial Statements in accordance with governing laws and regulations.

The Board has established three committees with specific terms of reference:

Terms of reference for each Committee can be found by clicking on the Committee.

Corporate Governance

In terms of a rule-based approach, as an AIM listed company IDS is not obliged to comply with the letter of the UK Corporate Governance Code. The Board believes the Quoted Companies Alliance Corporate Governance Code for Small and Mid-Size Quoted Companies 2013 (the ‘QCA Code’) which identifies 12 key corporate governance principles is appropriate to a company of IDS’s Size. The latest full Corporate Governance Report can be found here.

Take Over Code

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

Country of Incorporation

England and Wales.

Main Country of Operation

IDS is incorporated in England and Wales. Its main country of operation is England, however it has significant distribution and manufacturing sites in Europe, the USA and Brazil.

Our Current Constitutional Documents

Other exchanges on which the Company has traded securities

N/A

Number of AIM Securities in Issue

Number of AIM securities in issue as at 1st July 2018: 29,385,135 (excluding 65,040 treasury shares)

Treasury Shares

IDS holds 65,040 ordinary shares as treasury shares and the company’s issued share capital (excluding shares held as treasury shares) consists of 29,385,135 shares.

Percentage of AIM Securities not in Public Hands

Percentage of AIM securities not in public hands as at 1st July 2018: 39.25%

Significant Shareholders

Company Name	Number of ordinary shares of 2p each	Percentage of issued share capital
Forum European Smallcaps GmbH	989,876	3.37%
Forum Venture Capital GmbH	6,936,188	23.60%
Axxion S.A.	2,795,252	9.51%
Frankfurter Investmentgesellschaft mit Variablem Kapital	2,419,648	8.23%
Schroders plc	3,276,802	11.15%
Polar Capital European Forager Fund Ltd	1,143,572	3.89%
Shareholder Value Beteiligungen AG	1,645,000	5.60%

The details of major shareholders are based on the notifications received by the Company, under the Disclosure and Transparency Rules, of the percentage of voting rights held. This information may not be up to date as shareholders are only required to provide notification to the Company if their shareholding reaches, exceeds or falls below 3% and each 1% threshold above 3%. Further, in accordance with AIM Rule 26, this information is updated every six months and was last updated on 1st July 2018.