Admission Document - BrainJuicer

9 Notes to the financial information (continued)
9.15 Share capital
Authorised share capital:
As at As at As at
31 December 31 December 31 December
2003 2004 2005
£ £ £
90,000 ordinary shares of £0.01 each 900 – –
900,000 ordinary shares of £0.001 each – 900 900
10,000 A Preferred shares of £0.01 each 100 – –
100,000 A Preferred shares of £0.001 each – 100 100
––––––––– ––––––––– –––––––––
1,000 1,000 1,000
––––––––– ––––––––– –––––––––
Allotted, called up and fully paid:
As at As at As at
31 December 31 December 31 December
2003 2004 2005
No £ No £ No £
ordinary shares of £0.01 each 10,240 102 – – – –
ordinary shares of £0.001 each – – 102,400 102 102,400 102
A Preferred shares of £0.01 each 8,000 80 – – – –
A Preferred shares of £0.001 each – – 80,000 80 80,000 80
–––––– –––––– –––––– –––––– –––––– ––––––
18,240 182 182,400 182 182,400 182
–––––– –––––– –––––– –––––– –––––– ––––––
As at As at As at
31 December 31 December 31 December
2003 2004 2005
£ £ £
Equity shares
ordinary shares of £0.01 each 102 – –
ordinary shares of £0.001 each – 102 102
––––––––– ––––––––– –––––––––
A Preferred shares of £0.01 each 80 – –
A Preferred shares of £0.001 each – 80 78
––––––––– ––––––––– –––––––––
Shares classed as financial liabilities
A Preferred shares of £0.001 each – – 2
––––––––– ––––––––– –––––––––
In 2004 BrainJuicer UK subdivided the nominal value of its shares on a one for ten basis.
A Preferred Shares
The A Preferred shares of £0.001 carry equal voting rights to the Ordinary shares of £0.001. The A
Preferred shares carry the right to a fixed cumulative preferential dividend of 5 per cent. of the issue
price per annum, and they can be redeemed at any time after 1 July 2008 at the holder’s request. They
can be redeemed prior to that date if BrainJuicer UK is sold, liquidated or there is a change of control.
On redemption the holder is entitled to receive the issue price plus any dividends in arrears.
The A Preferred shares can be converted into ordinary shares at any time at the conversion rate of one
ordinary share for each A Preferred share. On conversion the holder is entitled to receive any
dividends in arrears.
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