preference share

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Related to preference shares: Debentures, cumulative preference shares

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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Sebi has recently allowed listing of non-convertible redeemable preference shares, that is, those that are not convertible into equity shares and are redeemed at maturity.
The Preference Share offering is expected to close on November 13, 2012.
unconditional in all respects, all the preference shares remaining unconverted
iii) the announcement dated 16 December 2009 in relation to the issue of the notice dated 16 December 2009 by the Acquiror to the Preference Share Holders on the extension of the Offer Period to 15 January 2010;
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.
DEM300 mln preference shares, USD350 mln preference shares,
Aspen expects to use the net proceeds from the sale of its perpetual non-cumulative preference shares for general corporate purposes, including the repurchase of its outstanding ordinary shares.
As represented by Atlas in a related private placement memorandum, a portion of the offering proceeds were raised for the sole purpose of acquiring the Preference Shares from Dakota under the Agreement.
Further, due to a structural feature which caps interest distributions to the preference shares at 14% per annum and amortizes the class C notes with the excess spread, the class C notes have paid down by 60.
As set out in the offer mailed on October 12, 1994, the Offeror had agreed with the principal share holder of the Corporation to attempt to structure the Offer so as to enable holders of vested Options and Employee Preference Shares to participate in the Offer on substantially the same basis as holders of Subordinate Voting Shares, without it being necessary for holders of Options or Employee Preference Shares to exercise or convert their Options or Employee Preference Shares in order to deposit to the Offer.
HAMILTON, Bermuda -- Aspen Insurance Holdings Limited ("Aspen") (NYSE:AHL) (BSX:AHL BH) announced today that it has commenced a public offering of $200 million of a new series of its perpetual non-cumulative preference shares and that its board of directors has approved a share repurchase program of up to $300 million of its ordinary shares within the next two years.