non-voting shares


Also found in: Dictionary.

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.

non-voting shares

or

‘A’ shares

ORDINARY SHARES which do not have any voting rights at a company's ANNUAL GENERAL MEETING. Non-voting shares often arose because company founders or directors sought to raise new share capital without diluting their control, by issuing large numbers of nonvoting shares but retaining control of the original voting shares. Holders of voting shares have an advantage in company takeovers or disputes about company policy and so may have a higher market value than non-voting shares. Most STOCK MARKETS discourage companies from issuing new non-voting shares.
Mentioned in ?
References in periodicals archive ?
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.
One for one conversion ratio of Non-Voting Shares to Common Shar es
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.
Otherwise the non-voting shares in the Black Country property and engineering group have had voting rights ever since June that year.
A; NYSE: TU) voting shares to allow holders to vote on the minimum acceptable premium valuation of the voting shares relative to the non-voting shares in any transaction undertaken by TELUS involving the exchange or conversion of non-voting shares into voting shares (a "Dual Class Collapse Transaction"):
As at 30 October 2015, the issued share capital of DMGT comprised 338,066,342 A Ordinary Non-Voting shares (excluding treasury shares) par value 12.
The exchange of TELUS non-voting shares for common shares on a one-for-one basis pursuant to a court-approved plan of arrangement became effective at 12:01 a.
In the event that the proposed share conversion of Non-Voting Shares to Common Shares on a one-for-one basis receives all requisite approvals and is effective prior to the dividend record date of June 8, 2012, holders of record on such date who previously held Non-Voting Shares would hold Common Shares and would therefore receive the same dividend as all other holders of Common Shares.
The transfer, which also included 434,303 non-voting shares at 65p each, means Mr Folkes, his wife Angela and his son Samson, now directly control 66 per cent of the voting shares and five per cent of the non-voting.
Our proposal will allow voting shareholders, who collectively control TELUS, to express their views on the appropriate valuation of their voting shares relative to the non-voting shares and to take steps to protect the value of their voting rights.
As at 30 September 2015, the issued share capital of DMGT comprised 338,066,342 A Ordinary Non-Voting shares (excluding treasury shares) par value 12.