Examples of Junior Preference Shares in a sentence
STAK 2 shall cooperate with such repurchase and withdraw and cancel the Junior Preference Shares STAK 2 Depositary Receipts in respect of the Junior Preference Shares after payment of the principle and accrued interest to holders of the Junior Preference Shares STAK 2 Depositary Receipts.
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The authorized capital of Noranda is comprised of an unlimited number of junior preference shares issuable in series (the "Noranda Junior Preference Shares"), an unlimited number of preferred shares issuable in series (the "Noranda Preferred Shares"), an unlimited number of participating shares issuable in series and an unlimited number of common shares (the "Noranda Common Shares").
Repaying the amounts due to the holders of Junior Preference Shares, being the Redemption Amount.
Redemption premium and preference dividends In accordance with the provisions of FRS 4 “Capital Instruments”, the Company has charged to the profit and loss account dividends and redemption premium in respect of its Senior and Junior Preference Shares on the basis described below.
In practice, this applies only to areas inhabited by the Turkish minority.
Follo wing the period end, on Admission of the Company’s new Ordinary Shares on 15 May 2002, all Junior Preference Shares, including the cumulative redemption premium to that date were converted to a tota l of 145,815,134 new Ordinary Shares.
The Senior Preference shares plus accumulated dividends payable of US$52.5 million are expected to be redeemed on 27 June 2002, while the Junior Preference Shares, including the cumulative redemption premium, were converted on flotation on 15 May 2002 to 145,815,134 new Ordinary Shares.The disclosures below exclude short-term debtors and creditors and balances in respect of non-equity shares.
As at 27 April 2002 the holders of the Junior Preference Shares (see Note 24) were entitled to a redemption premium over the period fro m issue of 13.0% per annum compounded annually.
This included a bonus issue in respect of existing Ordinary Shares and the conversion into new Ordinar y Shares of all Junior Preference Shares, including accumulated redemption premium thereon (see Note 30).