During 2017 the Company returned 9.9%, measured in US Dollars, the Company’s functional and representation currency, for its shareholders. During the year, the Company also achieved an important milestone in its growth. On 4 September, the Company issued £20.09m of Convertible Unsecured Loan Stock (CULS) with a coupon of 3.5% per annum, a conversion premium of 10% and a maturity of 7 years. This CULS issue provides the Company with attractive long-term financing and we welcome our new stakeholders in the Company.