I have a client who is looking to get some investors under the SEIS scheme. However, he wishes to limit the percentage holding he offers to the investors so that he doesn't give up contol for the sake of investment.
Would it be possible to create sub-class shares that can only hold a maximum shareholding of the overall shares?
Company A has 100 ordinary shares @ £1 each.
It creates a sub-share of 100,000 share @ £2 each that can only hold a maximum of 20% of the original ordinary shares.