Alex Magni

Montanaro Asset Management Ltd. (Montanaro) is an independent Great Britain-based specialist asset management firm founded in 1991. The firm is headquartered in London and provides asset management services to a range of professional or institutional investors including pension funds, insurance companies, family offices, wealth managers and charities. Montanaro is a signatory to the UN Principles for Responsible Investment and believes that ESG related issues are essential to valuing companies, being a good investment manager and in being a better investor.

HSBC Bank Plc (Broker) (HSBC Bank-Broker) is the broker/dealer division of HSBC Bank Plc, which is owned by HSBC Holdings Plc (LON: HSBA; NYSE: HSBC) in Great Britain. Headquartered in London, HSBC Bank-Broker was founded in 1880 and offers bespoke brokerage services across every major asset class for their corporate and institutional clients.

Clear Capital Ltd. is an equity research firm founded by Nick Paulson-Ellis in 2003, based in London and Edinburgh with an office in Mumbai. Previously independent, Clear Capital was acquired mid 2008 by the independent UK investment bank Noble Group Ltd. Clear Capital operates since as part of Noble Group's research department. They use Noble Group as their trade name. In addition to fellow subsidiaries within the Noble group, their clientele comprises over 50 institutional investors. Clear Capital is a provider of fundamental equity research. Their core specialty is the UK small and mid-cap market (GBP 100 million to 1.5 billion), complemented by Indian mid-cap equity coverage. They also cover alternative research, including pre-IPO. They are organized in sector teams and focus on sectors such as climate change, healthcare, leisure, media, retail, specialist financials, general insurance, support services and technology.

Noble Group Ltd. is a UK-based investment bank established in 1980 and operating from offices in London, Edinburgh and Mumbai. The firm provides financial advisory services including M&A advisory, capital raising, business plan formulation, restructuring and fund management services. In 2008 Noble Group acquired Clear Capital Ltd., a research firm focused on the small and mid-cap equity market. Clear Capital operates as part of Noble Group's research department, and uses Noble Group as their trade name. Noble Group is a member of Global M&A, a global partnership of independent corporate finance specialists serving the international mid market M&A market. They have established a strategic alliance with the UBS group in India.