| Commentary

127 Share classes and rights

| Commentary

127 Share classes and rights

Shares in a company are often divided into different classes, all the shares in one class having rights as set out in the articles (for example, as to voting, dividend rights, or rights on a winding up) identical to one another but potentially different from the rights attached to shares in the other classes. The different classes, commonly known according to the rights they confer on a class, are:

  1. 127.1

        preference or preferred shares;

  2. 127.2

        ordinary shares;

  3. 127.3

        deferred shares;

  4. 127.4

        founders’ shares;

  5. 127.5

        management shares; and

  6. 127.6

        employees’ shares.

A great number of share

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