As stated in the announcement of 24 May "CMS directors are open to corporate deal opportunities with companies that might find significant value in CMS's 'clean' balance sheet and its proven TDI product or in realising the value of CMS's intellectual property assets". In this respect, as well as actively marketing TDI licences, the board will also consider approaches for the Company's business and assets.

Following the release of the final results late last month, we can report that CMS has held discussions with a number of companies wishing to evaluate TDI. It is important to highlight that these discussions are at an early stage and shareholders will be kept informed of developments.