preference share


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Related to preference share: ordinary shares, cumulative preference share, Preference Share Capital, Participating Preference Share

preference share

a special type of share in a company, which has the characteristic that it confers an entitlement to a specified percentage rate of dividend that is payable in priority to the claims of ordinary shareholders. A company's share capital maybe split between ordinary shares and preference shares. Ordinary shareholders are entitled to the remaining profits that have been appropriated for the payment of dividends.
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v) the announcement dated 18 January 2010 in relation to the issue of the notice dated 15 January 2010 by the Acquiror to the Preference Share Holders on the extension of the Offer Period to 5 February 2010; and
Preference Share Holders should note that that there is no assurance that, on the maturity date of the CRPS, being 17 August 2010, the Company will have funds legally available to make payment for the redemption amount of US$10,000 for each CRPS.
In connection with any conversion of the CRPS, Preference Share Holders' attention is also drawn to the amendments to the Articles following the passing of Special Resolution (2) at the EGM and Class Meeting, respectively, on 4 November 2009.
The Preference Share Offer is not conditional upon a minimum number of acceptances of the Preference Share Offer being received.
Holders of 5% preference shares will soon receive a notice of redemption, as well as the documents necessary to convert their shares or to tender their shares to receive the redemption price.
Lehman Brothers and UBS Investment Bank are acting as joint book-running managers for the perpetual non-cumulative preference shares offering.
Henry Schroder Wagg & Company Limited ("Schroders") for the whole of the issued share capital of Hunter Saphir (the "Offers") comprising an offer for all of the issued ordinary shares of 25 pence each ("Hunter Saphir Ordinary Shares") (the "Ordinary Offer"), an offer for all of the issued 11 percent (net) cumulative convertible redeemable preference shares of 1 pound each ("CCR Preference Shares") (the "CCR Preference Offer"), an offer for all of the issued "A" 9 3/4 percent, (net) cumulative convertible redeemable preference shares of 1 pound each ("A Preference Shares") (the "A Preference Offer") and an offer for all of the issued "B" 11 percent (net) cumulative convertible redeemable preference shares of 1 pound each ("B Preference Shares") (the "B Preference Offer").
After giving effect to the redemption of the 20,000,000 Junior Preference Shares, the company will have outstanding 3,999,899 Junior Preference Shares, Series 1, 3,999,899 Junior Preference Shares, Series 2, and 1,999,903 Junior Preference Shares, Series 3.
The rating of the preference shares reflects the likelihood that there will not be future distributions to this class.
The rating of the preference shares addresses the ultimate repayment of the initial preference share rated balance upon the stated maturity date and the ultimate receipt of payments resulting in a yield of 2%.
4 /PRNewswire/ -- Hanson PLC (NYSE: HAN) today announced that the offers by its wholly owned subsidiary, HB Acquisitions PLC ("HB"), for the issued ordinary and preference share capital of Beazer PLC have become unconditional in all respects.
26, 1991, HB had received valid acceptances of the offer for all the issued preference share capital of Beazer in respect of a total of 46,561,451 preference shares, representing 93.