OpenAsset Enterprises Ltd provides a digital asset management platform for architecture, engineering Sign up to read more
No filings found for this company.
| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| DANIEL EMMERSON | A SHARES | 36,110 | 37.0% |
| 8888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 88888888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 888888888888888888 | 8888888888 | 888888 | 8888 |
3 more shareholders on file , sign up free to see.
Companies with the most similar business descriptions.
Capital raised per employee divides the equity OPENASSET ENTERPRISES 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. OPENASSET ENTERPRISES LTD has 3 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
THE A SHARES HAVE ATTACHED TO THEM FULL VOTING RIGHTS AND DIVIDEND RIGHTS SUBJECT TO THE ORDER OF PRIORITY SET OUT IN ARTICLE 29. RETURN OF CAPITAL SHALL BE DISTRIBUTED AMONGST THE HOLDERS OF A SHARES IN THE FOLLOWING ORDER OF PRIORITY: (1) FIRST, THE AMOUNT OUTSTANDING ON ANY LEAVER LOAN NOTES, TO THE HOLDERS OF LEAVER LOAN NOTES; (2) SECOND, TO THE HOLDERS OF CONVERTIBLE PREFERRED SHARES, THE GREATER OF: (A) THE PREFERRED DIVIDEND AMOUNT CALCULATED AS AT THE DATE OF THE APPLICABLE DISTRIBUTION OF ANY RETURN OF PROCEEDS; OR (B) AN AMOUNT TO WHICH THE HOLDERS OF CONVERTIBLE PREFERRED SHARES WOULD BE ENTITLED IF EACH OF THE CONVERTIBLE PREFERRED SHARES IN ISSUE WAS CONVERTED INTO AN A SHARE (ON A ONE FOR ONE (1:1) BASIS) AND THE PROCEEDS WERE DISTRIBUTED TO THEM IN ACCORDANCE WITH ARTICLE 29.2.3 AS HOLDERS OF A SHARES (DISAPPLYING THE ORDER OF PRIORITY SET OUT IN THIS ARTICLE 29.2.2), CALCULATED BY TAKING ACCOUNT OF ANY AMOUNT PREVIOUSLY DISTRIBUTED TO THE HOLDERS OF CONVERTIBLE PREFERRED SHARES PRIOR TO THE APPLICABLE DISTRIBUTION (3) THIRD:(A) IF THE ENTERPRISE VALUE GATEWAY IS NOT ACHIEVED, ANY SURPLUS PROCEEDS AVAILABLE SHALL BE DISTRIBUTED AS FOLLOWS:(I) £1 IN AGGREGATE TO THE B SHAREHOLDERS (WHETHER VESTED B SHARES OR UNVESTED B SHARES); AND(II) THE REMAINDER TO THE A SHAREHOLDERS PRO RATA TO THE NUMBER OF A SHARES REGISTERED IN THEIR NAME; OR (B) IF THE ENTERPRISE VALUE GATEWAY IS ACHIEVED, ANY SURPLUS PROCEEDS AVAILABLE SHALL BE DISTRIBUTED AS FOLLOWS: (I) FIRST, £1 IN AGGREGATE TO HOLDERS OF UNVESTED B SHARES; (II) SECOND, UNTIL THE AGGREGATE PROCEEDS DISTRIBUTED IN ACCORDANCE WITH THIS ARTICLE 29 IN CONNECTION WITH AN EXIT EXCEED THE INITIAL STARTING VALUE APPLICABLE TO A VESTED B SHARE, TO THE A SHAREHOLDERS PRO RATA TO THE NUMBER OF A SHARES REGISTERED IN THEIR NAME AS A PROPORTION OF THE TOTAL NUMBER OF A SHARES THEN IN ISSUE; AND (III) THIRD, TO THE EXTENT THAT THE AGGREGATE PROCEEDS DISTRIBUTED IN ACCORDANCE WITH THIS ARTICLE 29 IN CONNECTION WITH AN EXIT EXCEED THE INITIAL STARTING VALUE APPLICABLE TO A VESTED B SHARE (SUCH A VESTED B SHARE BEING A “PARTICIPATING B SHARE”), SUCH EXCESS AMOUNT ABOVE
THE B SHARES DO NOT CONFER ANY VOTING NOR DIVIDEND RIGHTS. SUBJECT TO THE ORDER OF PRIORITY SET OUT IN ARTICLE 29, RETURN OF CAPITAL SHALL BE DISTRIBUTED AMONGST THE HOLDERS OF B SHARES IN THE FOLLOWING ORDER OF PRIORITY: (1) FIRST THE AMOUNT OUTSTANDING ON ANY LEAVER LOAN NOTES, TO THE HOLDERS OF LEAVER LOAN NOTES; (2) SECOND, TO THE HOLDERS OF CONVERTIBLE PREFERRED SHARES, THE GREATER OF: (A) THE PREFERRED DIVIDEND AMOUNT CALCULATED AS AT THE DATE OF THE APPLICABLE DISTRIBUTION OF ANY RETURN OF PROCEEDS; OR (B) AN AMOUNT TO WHICH THE HOLDERS OF CONVERTIBLE PREFERRED SHARES WOULD BE ENTITLED IF EACH OF THE CONVERTIBLE PREFERRED SHARES IN ISSUE WAS CONVERTED INTO AN A SHARE (ON A ONE FOR ONE (1:1) BASIS) AND THE PROCEEDS WERE DISTRIBUTED TO THEM IN ACCORDANCE WITH ARTICLE 29.2.3 AS HOLDERS OF A SHARES (DISAPPLYING THE ORDER OF PRIORITY SET OUT IN THIS ARTICLE 29.2.2), CALCULATED BY TAKING ACCOUNT OF ANY AMOUNT PREVIOUSLY DISTRIBUTED TO THE HOLDERS OF CONVERTIBLE PREFERRED SHARES PRIOR TO THE APPLICABLE DISTRIBUTION (3) THIRD:(A) IF THE ENTERPRISE VALUE GATEWAY IS NOT ACHIEVED, ANY SURPLUS PROCEEDS AVAILABLE SHALL BE DISTRIBUTED AS FOLLOWS:(I) £1 IN AGGREGATE TO THE B SHAREHOLDERS (WHETHER VESTED B SHARES OR UNVESTED B SHARES); AND(II) THE REMAINDER TO THE A SHAREHOLDERS PRO RATA TO THE NUMBER OF A SHARES REGISTERED IN THEIR NAME; OR (B) IF THE ENTERPRISE VALUE GATEWAY IS ACHIEVED, ANY SURPLUS PROCEEDS AVAILABLE SHALL BE DISTRIBUTED AS FOLLOWS: (I) FIRST £1 IN AGGREGATE TO HOLDERS OF UNVESTED B SHARES; (II) SECOND, UNTIL THE AGGREGATE PROCEEDS DISTRIBUTED IN ACCORDANCE WITH THIS ARTICLE 29 IN CONNECTION WITH AN EXIT EXCEED THE INITIAL STARTING VALUE APPLICABLE TO A VESTED B SHARE, TO THE A SHAREHOLDERS PRO RATA TO THE NUMBER OF A SHARES REGISTERED IN THEIR NAME AS A PROPORTION OF THE TOTAL NUMBER OF A SHARES
THE CONVERTIBLE PREFERRED SHARES HAVE ATTACHED TO THEM FULL VOTING RIGHTS AND DIVIDEND RIGHTS SUBJECT TO THE ORDER OF PRIORITY SET OUT IN ARTICLE 29. RETURN OF CAPITAL SHALL BE DISTRIBUTED AMONGST THE HOLDERS OF CONVERTIBLE PREFERRED SHARES IN THE FOLLOWING ORDER OF PRIORITY: (1) FIRST, THE AMOUNT OUTSTANDING ON ANY LEAVER LOAN NOTES, TO THE HOLDERS OF LEAVER LOAN NOTES; (2) SECOND, TO THE HOLDERS OF CONVERTIBLE PREFERRED SHARES, THE GREATER OF: (A) THE PREFERRED DIVIDEND AMOUNT CALCULATED AS AT THE DATE OF THE APPLICABLE DISTRIBUTION OF ANY RETURN OF PROCEEDS; OR (B) AN AMOUNT TO WHICH THE HOLDERS OF CONVERTIBLE PREFERRED SHARES WOULD BE ENTITLED IF EACH OF THE CONVERTIBLE PREFERRED SHARES IN ISSUE WAS CONVERTED INTO AN A SHARE (ON A ONE FOR ONE (1:1) BASIS) AND THE PROCEEDS WERE DISTRIBUTED TO THEM IN ACCORDANCE WITH ARTICLE 29.2.3 AS HOLDERS OF A SHARES (DISAPPLYING THE ORDER OF PRIORITY SET OUT IN THIS ARTICLE 29.2.2), CALCULATED BY TAKING ACCOUNT OF ANY AMOUNT PREVIOUSLY DISTRIBUTED TO THE HOLDERS OF CONVERTIBLE PREFERRED SHARES PRIOR TO THE APPLICABLE DISTRIBUTION. THE CONVERTIBLE PREFERRED SHARES DO NOT CONFER ANY RIGHTS OF REDEMPTION.