© Copyright Citywire Financial Publishers Ltd (“Citywire”), 2022. All rights reserved. The content of this magazine is proprietary and is protected by the laws of England and Wales and applicable laws of other countries throughout the world. Any unauthorised use of this magazine or its content may result in civil liability, criminal prosecution or both. Citywire’s name and logo and the names of any Citywire products and services included in this magazine are trademarks of Citywire. Nothing contained in this magazine shall be construed as conferring any licence or right to any Citywire patent, copyright or trademark. Images used in our magazine may come from various third-party image libraries.  For credit information relating to specific images where not stated, please contact picturedesk@citywire.co.uk

This publication is provided in Citywire’s capacity as financial journalists for general information and news purposes only. It is not (and is not intended to be) any form of advice, recommendation, representation, endorsement or arrangement by Citywire or an invitation to invest or an offer to buy, sell, underwrite or subscribe for any particular investment. In particular, the information provided will not address your particular circumstances, objectives and attitude towards risk. Any opinions expressed by Citywire or its staff do not constitute a personal recommendation to you to buy, sell, underwrite or subscribe for any particular investment and should not be relied upon when making (or refraining from making) any investment decisions. Citywire uses information obtained primarily from sources believed to be reliable (such as company reports and financial reporting services) however Citywire cannot guarantee the accuracy of information provided, or that the information will be up-to-date or free from errors. Investors and prospective investors should not rely on any information or data provided by Citywire but should satisfy themselves of the accuracy and timeliness of any information or data before engaging in any investment activity. If in doubt about a particular investment decision an investor should consult a regulated investment advisor who specialises in that particular sector. For your information we would like to draw your attention to the following general investment warnings: The price of shares and investments and the income associated with them can go down as well as up, and investors may not get back the amount they invested. The spread between the bid and offer prices of securities can be significant in volatile market conditions, especially for smaller companies. Realisation of small investments may be relatively costly. Some investments are not suitable for unsophisticated or non-professional investors. Appropriate independent advice should be obtained before making any such decision to buy, sell, underwrite or subscribe for any investment and should take into account your circumstances and attitude to risk. Past performance is not necessarily a guide to future performance. Please visit our website www.citywire.com for more information on Citywire’s investment warning. For any questions or concerns related to data protection, please contact the Data Protection Officer at privacy@citywire.co.uk