Not quite. The PLC is named Raspberry Pi Holdings plc. And the Foundation does not directly hold shares in Raspberry Pi Holdings plc - instead it holds shares in Raspberry Pi Mid Co Ltd, which in turn holds shares in Raspberry Pi Holdings plc.Roughly correct but the Foundation holds shares in Raspberry Pi plc. Raspberry Pi Trading became Raspberry Pi Limited long ago which appears to now be a fully owned subsidiary of Raspberry Pi plc.AIUI:
- Foundation holds shares in Trading.
- Trading therefore contributes to Foundation, possibly by donation as well as dividend.
- Trading products are in part aimed at education, though not exclusively, but the Foundation is now agnostic to the brand of equipment it embaces.
Raspberry Pi Holdings plc LSE page: https://www.londonstockexchange.com/sto ... mpany-page.
Per the Raspberry Pi Foundation's "Annual Review and Accounts 2023" (available from https://www.raspberrypi.org/about/):
Raspberry Pi Mid Co Ltd was created in September 2021 as a holding company for the trading subsidiary, Raspberry Pi Ltd (was Raspberry Pi (Trading) Ltd).33. Post balance sheet events
In June 2024, the group underwent a restructuring whereby Raspberry Pi Limited became a fully owned
subsidiary of Raspberry Pi Holdings plc, a subsidiary of Raspberry Pi Mid Co Limited. Subsequently, on
11 June 2024, Raspberry Pi Holdings plc was listed on the London Stock Exchange and the group holding
was reduced to below 50%, generating net funds of £136m and resulting in loss of control.
The Raspberry Pi Foundation's "Annual Review and Accounts 2022" (available from https://www.raspberrypi.org/about/) made this (now out of date) statement:
It went on to say:Raspberry Pi Ltd ... Majority owned subsidiary: Raspberry Pi Foundation owns 91% of entity via its wholly owned subsidiary Raspberry Pi Mid Co Limited
And:In 2020, a Long-Term Incentive Plan (LTIP) was approved by the board of directors of Raspberry Pi Limited.
In October 2020, 13,077 B ordinary shares were issued under this plan to certain employees; in December
2021, a further 3,512 B ordinary shares were issued to employees under this plan.
Under the terms of the plan, the B ordinary shares will share in the proceeds payable in respect of an Exit of
the Company above a minimum hurdle. An Exit is broadly defined in the Articles of Association as the sale
of the Company or its listing upon a stock exchange.
The B ordinary shares are held in trust by the Raspberry Pi (Trading) Employee Benefit Trust on behalf of
employees.
The unrestricted market value of the B ordinary shares issued in 2020 was determined by a specialist
valuation company and deemed to be £1.10 per share. The unrestricted market value of the B ordinary shares
issued in 2021 was determined by a specialist valuation company and deemed to be £5.50 per share.
31. Post balance sheet events
...
On 28 March 2023, Sony Semiconductor Solutions Inc. invested £4.2m ($5m) in Raspberry Pi Ltd in
exchange for 1,103 ordinary shares in the Company. Sony Semiconductor Solutions Inc. also invested
£4.2m ($5m) in exchange for the same number of ordinary shares in Raspberry Pi Ltd purchased from
Raspberry Pi Mid Co Limited.
Statistics: Posted by andrum99 — Fri Sep 06, 2024 1:46 am