When the Convertible converts into shares this will dilute existing shareholders, therefore you should make sure the investment opportunity is promoted to your existing shareholders who may wish to invest further to avoid that dilution. Because the Convertible is an agreement to issue shares, pre-emption rights will generally apply.
What impact does a Convertible have on existing shareholders?
Crowdcube Capital Ltd is authorised and regulated by the Financial Conduct Authority (No. 650205).