preference share


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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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At the EGM it was resolved, in accordance with the board's proposal, to redeem all 10 million outstanding preference shares in Fastighets AB Balder in accordance with the provision in article 8 of the Articles of Association.
Also, the AGM approved the board of directors' motion that out of the accumulated profit of SEK11,763,021,874, a dividend should be declared in the amount of SEK200,000,000 to the present holders of preference shares and an additional dividend of a maximum amount of SEK100,000,000 if new preference shares are issued during the period until the next AGM, all subject certain conditions.
BANKING AND CREDIT NEWS-December 16, 2013-Kazkommertsbank to pay dividends on preference shares
The dividend of USD 191.40 per 2019 Preference Share, equivalent to USD 0.1914 per Depositary Share, is payable on October 1, 2019 to the holders of record as of the close of business on September 15, 2019.
The Board of the Bank is pleased to announce that, as at the date of this announcement, the Bank has received the proceeds of the non-public issuance of Domestic Preference Shares (the first tranche) amounting to RMB73,000,000,000 (including the paid offering expenses of RMB16,060,000 and unpaid offering expenses of RMB5,850,000).
Enstar's preference share ratings could also be lowered by one notch to reflect higher non-performance risk should Fitch view Bermuda's regulatory environment as becoming more restrictive in its supervision of (re)insurers with respect to hybrid features.
The company anticipates issuing a total of approximately 23 million Weyerhaeuser common shares in conjunction with the conversion, based on approximately 13.8 million Preference Shares outstanding as of June 28, 2016.
The company said the Series A Convertible Preference Shares are non-voting.
This kind of preference share gives the investor the right to convert the preference shares- usually anytime after a predetermined date - into ordinary shares a predetermined rate of exchange.
New Delhi, May 07 -- The ordinary shareholders of Porsche Automobil Holding SE, Stuttgart, have declared vis-Ea-vis the company that they will not participate in the dividend distribution for the rump fiscal year 2010 and that the dividend shall be paid out exclusively to the holders of the preference shares.
MANAMA: Bahrain-based Investcorp is to issue a further $40 million of preference shares to meet additional demand from investors who subscribed to its recent capital raise.
(ADPnews) - Aug 27, 2009 - The holders of preference shares in Austria's second largest construction group Porr (WBAG:POS) have also received the right to take part in the launched capital increase, daily Standard reported today.