On 14 February 2019 the company issued 963,408 ordinary shares of £0.001 each with a total nominal value of £963. The company received £301,250 which accounted for a share premium of £300,562.
On 14 February 2019 the company issued 1,667,732 preferred ordinary shares of £0.001 each with a total nominal value of £1,668. The company received £522,000 which accounted for a share premium of £520,332.
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On 28 April 2019 the company issued 159,744 ordinary shares of £0.001 each with a total nominal value of £160. The company received £50,000 which accounted for a share premium of £49,840.
All equity securities in issue rank equally in respect of voting, dividends and other distributions save that on a distribution of assets on a liquidation or a return of capital (other than a conversion, redemption or purchase of shares) the surplus assets of the Company remaining after payment of its liabilities shall be applied (to the extent that the Company is lawfully permitted to do so):
(a) First in paying to each of the holders of the preferred ordinary shares, in priority to any other classes of equity shares, an amount per share held equal to the amount subscribed for such preference shares (“the Preference Amount”) (provided that if there are insufficient surplus assets to pay the amounts per share equal to the Preference Amount, the remaining surplus assets shall be distributed to the holders of the preferred ordinary shares pro rata to the amounts paid up on the preferred ordinary shares);
(b) Secondly, in paying to each of the holders of the A ordinary shares, in priority to any other classes of shares except the preferred ordinary shares, an amount per share held equal to the Preference Amount (provided that if there are insufficient surplus assets to pay the amounts per share equal to the Preference Amount, the remaining surplus assets shall be distributed to the A Ordinary Shareholders pro rata to the amounts paid up on the A Ordinary Shares);
(c) Thirdly, the balance of the surplus assets (if any) shall be distributed among the holders of equity shares pro rata (as if the equity shares constituted one and the same class) to the number of equity shares held.