Originally Posted by
BobServant
The shares are “proper” shares, they are selling B shares which have equal rights to the A shares held by founders and very early investors. The A shareholders swamp the B shareholders but A and B are both voting and have same rights to dividends and assets on winding up. Have a look at the filings on Companies House.
Yes, I know (I own some). I was quizzing thebigben who stated "[Brewdog] sell "equity" that are essentially just fundraising and not shares as in company stock'. Although he seems to have now changed his story.