nonvoting stock

(redirected from Non-Voting Share)

Nonvoting stock

A security that does not entitle the holder to vote on the corporation's resolutions or elections.

Nonvoting Stock

Stock in a publicly-traded company that does not give the holder the right to vote at the company's annual meeting. Nonvoting stock usually has other rights associated with it to compensate for the lack of ability to vote. For example, most preferred stock is nonvoting, but preferred stock has a guaranteed dividend, while most voting stock does not.

nonvoting stock

Stock in which the holder has no vote in the election of directors, the appointment of auditors, or other matters that may be brought up at the annual meeting. Corporations sometimes create a special class of nonvoting stock to restrict corporate control only to certain groups. Most preferred stock is nonvoting. Compare voting stock.
References in periodicals archive ?
Under the terms of TELUS' proposal, each Non-Voting Share would be converted into a Common Share on a one for one basis if approved by two-thirds of the votes cast by the holders of Common Shares and two-thirds of the votes cast by the holders of Non-Voting Shares, each voting separately as a class.
of 1 'A' ordinary non-voting share to 1 American Depositary
00 per participating Class B non-voting share is 3,449,199.
The Company reminds the holders of its Class A Restricted Voting Shares and Class B Non-Voting Shares that (i) each Class A Restricted Voting Share may, at the option of the holder, be exchanged at any time for one Class B Non-Voting Share and (ii) each Class B Non-Voting Share may, at the option of the holder by providing a declaration of Canadian residency to the Company's transfer agent, be exchanged at any time for one Class A Restricted Voting Share.
Microcell reminds the holders of its Class A Restricted Voting Shares and Class B Non-Voting Shares that (i) each Class A Restricted Voting Share may, at the option of the holder, be exchanged at any time for one Class B Non-Voting Share and (ii) each Class B Non-Voting Share may, at the option of the holder by providing a declaration of Canadian residency to the Company's transfer agent, be exchanged at any time for one Class A Restricted Voting Share.
35 in place of each voting and non-voting share, or principal amount of subordinated convertible debentures, otherwise issuable to them pursuant to the Plan.
The Company reminds the holders of its Class A Restricted Voting Shares and Class B Non-Voting Shares that (i) each Class A Restricted Voting Shares may, at the option of the holder, be exchanged at any time for one Class B Non-Voting Share and (ii) each Class B Non-Voting Share may, at the option of the holder by providing a declaration of Canadian residency to the Company's transfer agent, be exchanged at any time for one Class A Restricted Voting Share.
Every five rights permitted the holder to purchase one Class B Non-Voting Share at C$22.
Microcell reminds the holders of its Class A Restricted Voting Shares and Class B Non-Voting Shares that (i) each Class A Restricted Voting Share may, at the option of the holder, be exchanged at any time for one Class B Non-Voting Share, and (ii) each Class B Non-Voting Share may, at the option of the holder by providing a declaration of Canadian residency to Microcell's transfer agent, be exchanged at any time for one Class A Restricted Voting Share.
As at 30 November 2015, the issued share capital of DMGT comprised 337,364,136 A Ordinary Non-Voting shares (excluding treasury shares) par value 12.
A total of 442,280,855 Class B Non-Voting Shares of Shaw were issued and outstanding as at November 30, 2014.
It is still unclear whether Livedoor's voting rights will exceed 50 percent in the new shareholders' list that will be determined next Thursday, because some of the shareholders will hold non-voting shares, although Livedoor sources expressed confidence it will.