Common shares


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Common shares

In general, a public corporation has two types of shares, common and preferred. The common shares usually entitle the shareholders to vote at shareholders meetings. The common shares have a discretionary dividend.

Common Stock

Stock in a publicly-traded company that entitles holders to vote in the annual meeting, to elect the board of directors, and to generally exercise control of the company. While common stockholders are important in terms of their level of control, they have the least precedence in the event of liquidation. That is, if the company goes bankrupt, common stockholders do not receive any money until all bondholders, other debt holders, and preferred shareholders are paid in full. Likewise, common stock is not entitled to a guaranteed dividend. Common stock is also called ordinary stock.
References in periodicals archive ?
The $400 million share repurchase authorization is designed to address the additional common shares PMI will issue on November 15, 2006 under the terms of its 5.
The forward counterparty is initially selling 6,800,000 common shares (or 7,720,000 common shares if the underwriter exercises its over allotment option in full) in a public offering at $15.
collectively, the "Drake Group") own and control 484,650 common shares of Innova representing approximately 1.
The Company believes that setting the conversion rate will discourage continuing naked short sales of its common shares with limited dilution of common equity to those shareholders that bought on or after the ex-dividend date of March 15, 2006.
After completion of the Amalgamation, holders of Lonsdale Common Shares will hold 6,532,662 Amalco Common Shares.
Direct IT common shares are presently halted from trading and it is proposed that the trading halt will remain in effect until receipt of final shareholder and TSX Venture Exchange approval and all other closing conditions are met.
Furthermore, the Corporation has agreed to pay a fee of $5,005 and issue non-transferable compensation options to purchase 12,833 common shares at a price of $0,39 per share for a period of two years of the closing to another dealer in relation with the private placement.
The Debenture Units are convertible into Icefloe common shares at any time, at the option of the Debenture holder, at a conversion price of $0.
57% of the total outstanding common shares of the Company and SIPAR will remain the only entity with more than 10% ofGroupe Bikini Village's outstanding capital.
If YMG converted all of these Debentures it would beneficially own, directly or indirectly, or exercise control or direction over 1,450,596 common shares of Icefloe or approximately 13.
70 per flow through share, 1,000 common shares at the price of $0.
SelectComm") whereby Ribbon has agreed to acquire all of the issued and outstanding shares of Local Fone and SelectComm (collectively, the "Companies") in exchange for the issuance of an aggregate of 40,000,000 common shares in the capital of Ribbon at a value of $0.