Shareholder Information and Documents

The Company's ordinary shares are listed on AIM, a market operated by the London Stock Exchange, under the symbol “AREC”. The Company is not listed on any other exchanges or trading platforms.

View

Major shareholders

Key Shareholders:

Shareholder name % issued share capital

BGF Investment Management Limited

13.5%

Unilever*

10.5%

Calculus Funds**

8.7%

Downing LLP***

6.2%

Albion Capital Funds****

5.5%

Stewart Newton

5.1%

Chelverton Asset Management

4.7%

Martin & Kathleen Wood

4.1%

Unicorn AIM VCT

4.0%

Amati AIM VCT

3.0%

Sarah Howell

3.0%

The number of shares in issue: 27,835,024
Percentage of shares not in public hands: c. 65.8%
Last updated: 10 November 2021

* Total numbers are the aggregate amounts held by different Unilever entities
** Total numbers are the aggregate amounts held by different Calculus entities namely, Calculus VCT plc and Calculus Nominees Limited
*** Total numbers are the aggregate amounts held by Downing entities
**** Total numbers are the aggregate amounts held by different Albion Capital Funds entities being, Albion Development VCT PLC, Albion Enterprise VCT PLC, Albion Technology & General VCT PLC, Albion Venture Capital Trust PLC, Crown Place VCT and Kings Arms Yard VCT PLC

Contact: ir@arecor.com

Constitutional Documents

Date Title View

2 June 2021

Articles of Association

1 June 2021

Admission Document