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| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2019-01-11 | £860k |
| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| RICARDO VARELA | ORDINARY | 962,000 | 55.8% |
| 8888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 88888888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 888888888888888888 | 8888888888 | 888888 | 8888 |
| 8888888888888 | 88888888 | 888888 | 8888 |
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Capital raised per employee divides the equity LOCALISTICO 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. LOCALISTICO LTD has 2 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
EACH ORDINARY SHARE IS ENTITLED TO ONE VOTE IN ANY CIRCUMSTANCES. THE ORDINARY SHARES ARE ENTITLED TO RECEIVE ANY DIVIDEND PAYMENTS OR PARTICIPATE IN ANY DISTRIBUTIONS, INCLUDING ANY DISTRIBUTIONS ARISING FROM A WINDING UP OF THE COMPANY PARI PASSU WITH THE SERIES SEED PREFERENCE SHARES. THE ORDINARY SHARES ARE NOT REDEEMABLE
EACH SERIES SEED PREFERENCE SHARE IS ENTITLED TO ONE VOTE IN ANY CIRCUMSTANCES. THE SERIES SEED PREFERENCE SHARES ARE ENTITLED TO RECEIVE ANY DIVIDEND PAYMENTS OR PARTICIPATE IN ANY DISTRIBUTIONS, INCLUDING ANY DISTRIBUTIONS ARISING FROM A WINDING UP OF THE COMPANY PARI PASSU WITH THE ORDINARY SHARES. THE SERIES SEED PREFERENCE SHARES ARE NOT REDEEMABLE.
These are the directors and secretaries who have left LOCALISTICO LTD. A resignation is filed with Companies House on form TM01 and the date below is the date the officer's appointment ended, not the date it was filed. Departures matter for reading a company's history: a founder leaving shortly after a funding round, or several directors resigning at once, is often the visible trace of a change of control or a restructure.
| 88888888 |
| 888888 |
| 8888 |
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