Venture Deals · glossary
Each shareholder’s right to be offered new shares, in proportion to its holding, before anyone else. Each preference share counts as the ordinary shares it would convert into. Pool and conversion shares are not offered, and the right can be switched off for one issue. Clause 17 · Article 10 · Chapter 11
Explained in Chapter 11, Control: the Board, Consent Matters and Information Rights, of Venture Deals.
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