NEW YEAR, NEW CHALLENGES, NEW OPPORTUNITIES 2016 was a defining year for our company. On 11 August 2016, we raised £78 million on the Channel Islands Stock Exchange, and we were admitted to trading on the London Stock Exchange’s AIM Market two weeks later. These landmark developments give us the resources to focus on growing dividends and substantial capital growth for our shareholders in the years to come, and we want to thank those involved for their support – not only our distinguished group of institutional and private shareholders, but also our Board of Directors and the management team who worked hard to make this happen. At the end of 2016 our book value per share (after IPO-related expenses) was 99.20 pence. We have generated significant income to support our first dividend of 0.5 pence per share for the fourth quarter of 2016, distributed in February 2017.