I have just spoken to Jack at LTech and he has let me know that Seth McDonald who has recently been appointed as a director of LTech would like to use his recent inheritance to invest inLTech. Both Jack and Kareena are really pleased that Seth has decided toinvestand they have been impressed with his commitment to LTech since appointing him as a director.

As you will remember LTech only has ordinary shares in issueat the momentand these are held by Jack and Kareena. Jack was looking for some advice about the different types of shares that a company can allot and issue to a shareholder. He is aware from the clients at the bank that there are different types of shares but is unsure about the detail.

Please could you put together a draft email for me to send to Jack and Kareena outlining the different types of shares that a company may issue to an investor. You should also explainwhat a share is and what powers the shareholders might have in exercising control over a company.

Please can you send your note to me before our nextmeeting.

Many thanks

Liam