Redemptions or purchases of non-voting shares are not relevant to Rule 37.1.
He thus began with 80 per cent of the voting shares and all the non-voting shares.
Subsequently a limited company was formed with an authorised share capital of £100,000, there are 50 voting shares and 150 non-voting shares.
In the case of warrants, the Treasury will only receive warrants for non-voting shares, or will agree not to vote the stock.
The shares would qualify as Tier 1 capital and were non-voting shares.
The public offering, the first for Reader's Digest, does not involve employee-owned non-voting shares.
At the meeting, 20,32% of the capital was represented: this did not include the 125 million non-voting shares held by Fortis Bank.
Many others put the blame on the government's attempt to vote the 125 million non-voting shares, which created a furor of protest.
For decades, the paper paid the same dividend to both voting and non-voting shares.
Thus any proposal is likely to permit newly public companies to sell non-voting shares.