Webb Dev Ltd delivers fractional CTO and technical consultancy services, providing hands‑on building Sign up to read more
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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. WEBB DEV LTD has 2 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
1. VOTING EACH ALPHABET SHARE CARRIES ONE VOTE. 2. DIVIDENDS DIVIDENDS MAY BE DECLARED SEPARATELY BY CLASS. 3. CAPITAL ON A WINDING UP: (A) PAID-UP CAPITAL IS RETURNED; THEN (B) SURPLUS ASSETS ARE SHARED PARI PASSU. 4. VARIATION OF CLASS RIGHTS RIGHTS MAY BE VARIED ONLY WITH: ● 75% WRITTEN CONSENT OF THAT CLASS; OR ● A SPECIAL RESOLUTION OF THAT CLASS. 5. CONVERSION ALPHABET SHARES MAY BE CONVERTED BY ORDINARY RESOLUTION TO ANOTHER SHARE CLASS.
FULL RIGHTS REGARDING VOTING, PAYMENT OF DIVIDENDS AND DISTRIBUTIONS