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| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2024-05-21 | £230k |
| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| NEIL ANTHONY BARRON | ORDINARY | 80,081 | 29.7% |
| 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 ZEAL INNOVATION 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. ZEAL INNOVATION LTD has 3 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
G SHARES RANK PARI PASSU WITH THE ORDINARY SHARES AND PREFERRED ORDINARY SHARES IN RESPECT OF DIVIDENDS AND VOTING RIGHTS. ON A RETURN OF CAPITAL, G SHARES HAVE A WEIGHTED PARTICIPATION. THEY RECEIVE AN INITIAL NOMINAL ENTITLEMENT UP TO A SPECIFIED HURDLE, FOLLOWED BY A "CATCH UP" ENTITLEMENT (CURRENTLY 50%) ON AMOUNTS BETWEEN THE HURDLE (£25,000,000, SUBJECT TO ADJUSTMENT) AND A THRESHOLD (£32,894,641, SUBJECT TO ADJUSTMENT). THEREAFTER, THEY PARTICIPATE IN THE REMAINING SURPLUS ALONGSIDE THE ORDINARY SHARES. EACH G SHARE CARRIES ONE VOTE PER SHARE ON A POLL AND ENTITLES THE HOLDER TO ATTEND, SPEAK AND VOTE AT GENERAL MEETINGS.
INCOME: THE ORDINARY SHARES RANK PARI PASSU WITH THE OTHER CLASSES OF SHARES IN RESPECT TO INCOME RIGHTS. CAPITAL: ON A RETURN OF CAPITAL ON LIQUIDATION, CAPITAL REDUCTION OR OTHERWISE, THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENTS OF ITS LIABILITIES SHALL BE ALLOCATED FIRSTLY AMONGST THE HOLDERS OF THE PREFERRED ORDINARY SHARES AND SECONDLY AMONGST THE HOLDERS OF THE ORDINARY SHARES. VOTING: HOLDERS OF THE ORDINARY SHARES SHALL BE ENTITLED TO RECEIVE NOTICE OF AND ATTEND AND SPEAK AT ANY GENERAL MEETINGS OF THE COMPANY AND ANY SUCH SHAREHOLDER WHO (BEING AN INDIVIDUAL) IS PRESENT IN PERSON OR BY PROXY OR (BEING A CORPORATION) IS PRESENT BY A DULY AUTHORISED REPRESENTATIVE OR BY PROXY SHALL, ON A SHOW OF HANDS, HAVE ONE VOTE AND ON A POLL, HAVE ONE VOTE FOR EACH ORDINARY SHARE OF WHICH HE IS THE HOLDER. REDEMPTION: THE ORDINARY SHARES ARE NOT LIABLE TO BE REDEEMED.
| 88888888 |
| 888888 |
| 8888 |
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INCOME: THE PREFERRED ORDINARY SHARES RANK PARI PASSU WITH THE OTHER CLASSES OF SHARES IN RESPECT TO INCOME RIGHTS. CAPITAL: ON A RETURN OF CAPITAL ON LIQUIDATION, CAPITAL REDUCTION OR OTHERWISE, THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENTS OF ITS LIABILITIES SHALL BE ALLOCATED AMONGST THE HOLDERS OF THE PREFERRED ORDINARY SHARES AHEAD OF THE HOLDERS OF THE ORDINARY SHARES. VOTING: HOLDERS OF THE PREFERRED ORDINARY SHARES SHALL BE ENTITLED TO RECEIVE NOTICE OF AND ATTEND AND SPEAK AT ANY GENERAL MEETINGS OF THE COMPANY AND ANY SUCH SHAREHOLDER WHO (BEING AN INDIVIDUAL) IS PRESENT IN PERSON OR BY PROXY OR (BEING A CORPORATION) IS PRESENT BY A DULY AUTHORISED REPRESENTATIVE OR BY PROXY SHALL, ON A SHOW OF HANDS, HAVE ONE VOTE AND ON A POLL, HAVE ONE VOTE FOR