Preference Shares definition

Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

Preference Shares means shares which carry the right to payment of a dividend of a fixed amount, or not exceeding a fixed amount, in priority to payment of the dividend on another class or other classes of shares, whether with or without other rights; and

Preference Shares means the Series A Preference Shares and the Series B Preference Shares.

Examples of Preference Shares in a sentence

• The Founders and holders of seventy percent (70%) of the Preference Shares (on an As-If Converted Basis) shall, from time to time agree upon 1 (one) independent director to be appointed to the Board as provided for in Article 36.10 below.

• The Founders and the holders of seventy percent (70%) of the Preference Shares (on an As-If Converted Basis) may together replace the Independent Director from time to time.

• The Founders and holders of seventy percent (70%) of the Preference Shares (on an As-If Converted Basis) shall, from time to time, agree upon 1 (one) person, preferably based in the United States of America (USA), to be appointed as an independent director of the Company ("Independent Director").

• If the number of Equity Shares outstanding at any time after the date hereof is decreased by a combination of the outstanding Equity Shares (without a corresponding combination of the Preference Shares), then, following the record date of such combination, the Conversion Ratio for the Preference Shares shall be appropriately adjusted so that the number of Equity Shares issuable on conversion of each Preference Share shall be decreased in proportion to such decrease in outstanding Equity Shares.

• If they propose to nominate any other person, such nomination shall be subject to the approval of the holders of seventy percent (70%) of the Preference Shares (on an As-If Converted Basis).

More Definitions of Preference Shares

Preference Shares means any and all series of preference shares of the Company, including the Series A Preference Shares.

Preference Shares means the preference shares of £1 in the capital of the Company;

Preference Shares means Series A Preference Shares, par value $0.05 per share, of the Company having the rights and preferences set forth in the form of the Resolutions Regarding Preferences and Rights of Series A Preference Shares attached hereto as Exhibit A.

Preference Shares means the Series A Preference Shares, the Series B Preference Shares and the Series C Preference Shares.

Preference Shares means Preference Shares of the Company.

Preference Shares means the Preference Shares of the Company, with an initial par value of $0.01 per share.

Preference Shares means the preference shares specified as such in the relevant Final Terms;