Glossary

• Share lot

• Conversion

• Floor price

• Longstop date

• Trigger events

• Valuation cap

• Discount rate

• Valuation

• Tag-along rights

• Subscription agreement

• Sophisticated Investor

• Seed Enterprise Investment Scheme (SEIS)

• Seed-stage

• Secondary market

• Shares

• Shareholder agreement

• Risk

• Preference shares

• Portfolio

• Post-investment

• Pre-emption

• Option

• Ordinary shares

• Nominee

• Know Your Client (KYC)

• Initial public offering (IPO)

• High Net Worth Individual

• Growth-stage

• Fund

• Fully diluted

• Financial Conduct Authority (FCA)

• Everyday (or Restricted) Investor

• Exit

• Equity crowdfunding

• Equity

• Enterprise Investment Scheme (EIS)

• Drag-along right

• Dividends

• Diversification

• Dilution

• Debt

• Crowdfunding

• Convertible note

• Convertible equity

• Capitalisation table (a.k.a cap table)

• Burn rate

• Bootstrapping

• Beneficial shareholder / owner

• B Shares

• Asset Class

• Articles of Association

• Angel network (or Angel syndicate)

• Angel investors

• A Shares