Examples of Preference Share in a sentence
The Board is authorised to provide for the issue of Series C Preference Shares, and each Series C Preference Share shall be identical in all respects to every other Series C Preference Share.
Unless the Preferential Dividend for the latest completed financial year of the Company has been declared and paid (including by accretion to the Preference Share Liquidation Preference), no dividend or other distribution shall be paid or declared on the Ordinary Shares or Special Shares.
If at any time the Preferential Dividend has not been paid in full for two consecutive financial years, the holders of Preference Shares shall be entitled to receive Notice of and to attend and vote at general meetings of the Company and shall be entitled to one vote per Preference Share together with the holders of Ordinary Shares as a single class.
Each holder of a Series C Preference Share shall be entitled to the number of votes equal to the whole number of Ordinary Shares into which all Series C Preference Shares held of record by such holder could then be converted at the then applicable Series C Conversion Rate at the record date for the determination of the Members entitled to vote on such matters or, if no such record date is established, at the date such vote is taken or any written consent of the Members is first executed.
In May 2018, FHH began concurrently offering Series B 5% Cumulative Redeemable Retractable Non-voting Preference Share as well as units comprised of Series A 7% Cumulative Non-voting Preference Shares and Class A share purchase warrants.