XML 39 R20.htm IDEA: XBRL DOCUMENT

Share Capital and Share Premium

12 Months Ended

Dec. 31, 2023

Share Capital and Share Premium [Abstract]

13 SHARE CAPITAL AND SHARE PREMIUM

Group

On 21 October 2021, the Company acquired the entire shareholding of Tiziana Life Sciences Plc and its subsidiaries through a share for share exchange transaction. On this date Tiziana Life Sciences Ltd became the Group’s parent company. This transaction does not constitute a business combination under IFRS 3 “Business combinations” and has been accounted for as a group reorganization. Merger accounting has been applied to account for the insertion of the new company. Due to a share consolidation, the effect of this was a decrease in share capital of the Company with an offset posted to the merger reserve. As a common control transaction, the Group has elected to present the comparative information as if this transaction had occurred before the start of the comparative period. The share capital arising on the share for share exchange has been presented as share capital in the comparative period.

	Nominal Value		Share Capital						Share Premium			Merger Reserve
	£/$		Shares			$000			$000			$000
At January 1 2021 per 20-F annual report	£	0.03		194,612,289			10,794			111,821			-
Group Reorganization
Elimination of share capital in Tiziana Life Sciences Plc	£	0.03		(194,612,289	)		(10,794	)		(111,821	)		122,615
Shares issued pursuant to share for share exchange and consolidation	$	0.001		97,306,144			97			-			(97	)
Elimination of other reserves in Tiziana Life Sciences Plc													(3,821	)
Restated at 1 January 2021	$	0.001		97,306,144			97			-			118,697
Shares issued in the period:
Conversion of warrants	$	0.001		136,854			-			156			-
Conversion of Loan	$	0.001		1,866,907			2			603			-
Issued in lieu of cash bonus	$	0.001		2,962,709			3			14,837			-
At 31 December 2021				102,272,614			102			15,596			118,697
Shares issued in the period:
At 31 December 2022				102,272,614			102			15,596			118,697
Shares issued in lieu of fees	$	.0001		450,000			1			300
Warrants Exercised	$	.0001		337,501			-			573
Issuance of Stock - ATM	$	.0001		27,629			-			23
At 31 December 2023				103,087,744			103			16,492			118,697

Ordinary Shares

Ordinary shares have a par value of $0.001. They entitle the holder to participate in dividends, and to share in the proceeds of winding up the company in proportion to the number of and amounts paid on the shares held. On a show of hands every holder of ordinary shares present at a meeting in person or by proxy is entitled to one vote, and upon a poll each share is entitled to one vote. The Company has 103,087,744 shares in issue and holds 1,573,510 shares in treasury.