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| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| NORIKER POWER LTDCORP | ORDINARY, REDEEMABLE PREFERENCE | 998,605 | 100.0% |
Capital raised per employee divides the equity EQUINICITY LTD raised in the last six months by the headcount in its most recent filed accounts. It is a rough read on how capital-intensive the business is: a high figure means the company is raising a lot relative to the number of people it employs, which is typical of hardware, biotech and other research-heavy businesses. Headcount comes from annual accounts and so lags the funding date, often by a year or more.
A share class is a category of shares carrying its own rights over voting, dividends and what happens to the money if the company is sold or wound up. UK companies typically issue Ordinary shares to founders and employees, then create a new Preferred class at each funding round, giving investors priority on proceeds ahead of the Ordinary holders. EQUINICITY LTD has 2 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
FULL RIGHTS TO RECEIVE NOTICE OF, ATTEND AND VOTE AT GENERAL MEETINGS. ONE SHARE CARRIES ONE VOTE, AND FULL RIGHTS TO DIVIDENDS AND CAPITAL DISTRIBUTIONS (INCLUDING UPON WINDING UP).
EACH SHARE IS NON-VOTING, REDEEMABLE AT THE OPTION OF THE COMPANY, HAS PREFERENTIAL RIGHTS WITH RESPECT TO A FIXED 7.5% DIVIDEND, AND HAS PREFERENTIAL RIGHTS WITH RESPECT TO A RETURN OF CAPITAL OR REDUCTION OF CAPITAL.