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.
ii) the announcement dated 9 December 2009 in relation to the issue of the notice dated 9 December 2009 by the Acquiror to the Preference Share Holders on the expected Effective Date, expected Settlement Date, expected Preference Share Offer Price and expected close of the Preference Share Offer;
Investors from the general public in Denmark, Norway and Sweden and private banking clients were allotted approximately 40% in total of the preference share issue and institutional investors approximately 60%.
8 June 2011 - Swedish real estate company Fastighets AB Balder (STO: BALD B) announced today a decision to expand its preference share issue for the second time to SEK1bn from SEK850m to meet high demand from investors.
It is stated in the CRPS Offer Letter that the Acquiror will give notice of the Effective Date, the Settlement Date and the Preference Share Offer Price as soon as possible once the Effective Date has been determined.