XML 51 R35.htm IDEA: XBRL DOCUMENT v3.23.2
Financial instruments (Tables)
6 Months Ended
Jun. 30, 2023
Financial instruments  
Financial liabilities at fair value through profit and loss:

Financial liabilities at fair value through profit and loss:

June 30, 2023

December 31, 2022

£000

£000

    

Level 1

    

Level 2

    

Level 3

    

Level 1

    

Level 2

    

Level 3

Convertible Senior Secured Notes

 

 

 

100,834

 

 

 

115,247

Warrant liabilities

 

2,727

 

 

 

4,961

 

 

 

2,727

 

 

100,834

 

4,961

 

 

115,247

Schedule of fair value measurement inputs for valuation of convertible loan notes

    

June 30, 2023

    

December 31, 2022

 

Risk-free rate (%)

 

4.4

4.1

Dividend yield (%)

 

Volatility (%)

 

80.0

65.0

Credit spread (%)

 

27.50

26.38