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Question about shares

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Old November 7th 17, 10:44 PM posted to uk.finance
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Default Question about shares

I know of a small company which has recently increased its share capital very slightly by creating 100 shares at 1p each to two people which have no voting rights and only a discretionary right to dividends. The two people have got essentially the same sort of shares but in different "classes".

Whey would anyone want to sell - or buy - such a thing? The new shareholders aren't directors or even employees as far as I can tell.

My only thought is that it might be a sneaky way to pass money to people without involving NIC or possibly VAT on services.

Or could there be some other reason?

I don't think I should publish the name of the company here, but will if someone asks me privately.

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