ordinary shares

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Related to ordinary share: Preference share, Ordinary Share Capital, common stocks

Ordinary shares

Apples mainly to international equities. Shares of non-U.S. companies traded in their individual home markets. Usually cannot be delivered in the U.S. See: ADR.

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.

ordinary shares

The European equivalent for shares of common stock. Ordinary shares are held in trust as backing for American Depositary Receipts.

ordinary shares

or

equity

a FINANCIAL SECURITY issued to those individuals and institutions who provide long-term finance for JOINT-STOCK COMPANIES. Ordinary SHAREHOLDERS are entitled to any net profits made by their company after all expenses (including interest charges and tax) have been paid and they generally receive some or all of these profits in the form of DIVIDENDS. In the event of the company being wound up they are entitled to any remaining ASSETS of the business after all debts and the claims of PREFERENCE SHAREHOLDERS have been discharged. Ordinary shareholders generally have voting rights at company ANNUAL GENERAL MEETINGS which depend upon the number of shares which they hold. However, some UK and overseas companies have both voting and NONVOTING SHARES, where the company founders or directors have sought to raise new share capital without diluting their control by issuing non-voting shares. See also SHARE CAPITAL.

ordinary shares

or

equity

a FINANCIAL SECURITY issued to those individuals and institutions who provide long-term finance for JOINT-STOCK COMPANIES. Ordinary SHAREHOLDERS are entitled to any net profits made by their company after all expenses (including interest charges and tax) have been paid, and they generally receive some or all of these profits in the form of DIVIDENDS. In the event of the company being wound up (see INSOLVENCY), they are entitled to any remaining ASSETS of the business after all debts and the claims of PREFERENCE SHAREHOLDERS have been discharged. Ordinary shareholders generally have voting rights at company ANNUAL GENERAL MEETINGS, which depend upon the number of shares that they hold. See also SHARE CAPITAL.
References in periodicals archive ?
Each Enterprise warrant will entitle the holder to subscribe for one Enterprise ordinary share at a price of 470 pence per share, from 1st July, 1997 to 2nd July, 2001.
The Sharepurchase Ordinary Shares were purchased and the Sharematch
When aggregated, the Wessex Water B Ordinary shares currently held by the company and the 3,022,510 new Ordinary shares to be taken up will still come within the 15 per cent voting limit of the enlarged Wessex.
new SEDOL (BK1PKQ9) but the ticker for the New Ordinary Shares will be
New Ordinary Shares will be the same as the ticker for the Existing
Equity One will grant the remaining holders of DIM Vastgoed ordinary shares the opportunity to tender their ordinary shares during a post acceptance period, commencing at 9:00 AM CET on Wednesday, November 16, 2005 and expiring at 3:00 PM CET, on Wednesday, November 30, 2005 following the same procedures outlined in the offer document dated October 13, 2005.
The undiluted net asset value per share has been calculated on 177,287,242 ordinary shares excluding 15,724,600 held in treasury.
Immediately prior to the Company's initial public offering of ADSs on December 19, 2006 (the "IPO"), the Company had 1,000,000,000 total ordinary shares issued and outstanding.
Nick subsequently sold all the ordinary shares of 1p each in the Company ("ordinary shares") received at an average price of 3739.
6 million of Convertible Notes elected to convert their Convertible Notes, on or before the close of business on December 13, 2006, into American Depository Shares ("ADSs") or ordinary shares of Elan at a conversion rate of 134.
50 confirming the allotment of 250,000 new Ordinary shares of 12.
Sharepurchase Ordinary Shares can normally be sold at any time.