Further, the EGM resolved that the record day for the redemption of the preference shares
shall be 9 October 2017.
Finally, the AGM resolved to adopt and to authorise the board during the period until the next annual general meeting, on one or more occasions, to acquire and assign Class B shares and/or preference shares
issued by the company.
To effectively manage and leverage proceeds from the issuance of the Preference Shares
. The Bank will increase the capital management efficiency and fully leverage the proceeds from the issuance of the Preference Shares
, so as to effectively remedy the dilution on current returns of the holders of ordinary shares as an effect of the issuance of the Preference Shares
and to increase the level of returns on capital.
Under Fitch's rating methodology, the new non-cumulative perpetual preference shares
receive 100% equity credit in evaluating financial leverage.
There are presented the characteristics of ordinary and preference shares
. There are described the types and characteristics of preference shares
such as: cumulative preference shares
, participating preference shares
, convertible preference shares
, callable preference shares
and redeemable preference shares
A campaign began this week reunite more than 17,000 former members of Birmingham Midshires Building Society with cash entitlements resulting from the sale of their free Halifax Preference Shares
Brookfield issued 8 million Class AAA Preference Shares
, Series J, at a price of C$25 per share with a yield Of 5.0% per annum including 2 million shares issued on the exercise of an option granted to the underwriting syndicate.
Celtic preference shares
can be converted into ordinary shares on or after June 30, 2001.
Northam's acquisition of Zambezi preference shares
will reduce the preference share
dividend expense and liability included in Northam's consolidated financial statements, as well as Northam's potential financial exposure under the guarantee it provided to holders of Zambezi preference shares
, should the guarantee be called upon.
In addition, Aspen's Board of Directors declared a dividend on its 5.625% Perpetual Non-Cumulative Preference Shares
with a $25 liquidation preference per share (the "5.625% Preference Shares
") of $0.3516 per 5.625% Preference Share
iLOOKABOUT Corp (TSX V:ILA), a Canada-based visual and data intelligence company serving the hospitality industry, has announced a private placement of Series 1 Preference Shares