Office move and Related Party Transaction

EMV Capital Plc (AIM: EMVC), the deep tech and life sciences VC investment group, announces it has entered into a licence agreement (Licence Agreement) with AB Group Limited (AB Group) relating to its shared office space with AB Group.

Pursuant to the terms of the Licence Agreement, the Company has agreed to share office space with AB Group at an annual rent payable by the Company to AB Group of between c.£49,000 and c.£66,000 depending upon available rent free amounts passed on to the Company by AB Group from its landlord. In addition to rental amounts, the Company has agreed to pay AB Group a 51.5 per cent. proportion of all service charges, business rates, utilities and other charges associated with the office space, anticipated to be c.£52,000 per year. AB Group is not charging the Company an uplift on the actual costs of its rent and other costs. The Company has agreed a minimum period of occupancy through to 31 December 2027 (or sooner if the lease between AB Group and its landlord terminates), with either party being able to terminate upon three months' notice for any longer tenure. All other terms of the Licence Agreement are of a customary nature.

AB Group is wholly owned by Melvin Lawson, who is currently interested in c.14.54 per cent. of the issued share capital of EMVC, and as such a substantial shareholder of the Company. Accordingly, the entry into the Licence Agreement represents a related party transaction in accordance with Rule 13 of the AIM Rules for Companies.

The Directors, excluding Dr Ilian Iliev by reason of his concert party relationship with Melvin Lawson, consider, having consulted with the Company's nominated adviser, Panmure Liberum Limited, that the terms of the Licence Agreement are fair and reasonable in so far as the Company's shareholders are concerned.

For the avoidance of doubt, the Company's registered office remains unchanged at c/o Azets, Burham Yard, London End, Beaconsfield, Buckinghamshire, HP9 2 JH.