Common use of Preference Shares Clause in Contracts

Preference Shares. (a) The Company may issue preference shares and issued shares may be converted into preference shares provided that the rights of the holders of the preference shares with respect to the repayment of capital, participation in surplus assets and profits, cumulative or non-cumulative dividends, voting and priority of payment of capital and dividends in relation to other shares or other classes of preference shares are:

Preference Shares. (a) 2.2 The Company may not issue any preference shares and Shares nor may any issued shares may Shares be converted into preference shares provided that Shares unless the rights of the holders of the preference shares Shares with respect to the repayment of capital, participation in surplus assets and profits, cumulative or non-cumulative dividends, voting voting, and priority of payment of capital and dividends dividend in relation to other shares Shares or other classes of preference shares are:Shares are set out in this Constitution.

Preference Shares. (a) The Company may issue preference shares and issued shares may Shares including preference Shares which are, or at the option of the Company or holder are, liable to be converted redeemed or convertible into preference shares ordinary Shares, provided that the rights of the holders of the preference shares Shares with respect to the repayment of capital, participation in surplus assets and profits, cumulative or non-cumulative dividends, voting and priority of payment of capital and dividends in relation to other shares Shares or other classes of preference shares Shares are: