ordinary shares


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Related to ordinary shares: preference shares

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 ?
101,318 New Ordinary Shares have been issued to VSA Capital at a price of 8.
Once effective, the Company's ordinary shares will trade under a new symbol to be determined by NASDAQ.
The Company also entered into a Registration Rights agreement with Laurus pursuant to which the Company agreed to prepare and file with the Securities and Exchange Commission a registration statement covering the resale of Ordinary Shares that are issuable upon conversion of the Note and/or exercise of the Warrants, and/or issuable in payment of principal and interest on the Note.
Following the above purchase, the Company holds 9,614,613 Ordinary Shares as treasury shares and has 553,252,061 Ordinary Shares in issue (excluding treasury shares).
Having acquired more than 5% of MGTS ordinary shares in March 2006, Comstar UTS was required under the Russian Federal Law on Joint Stock Companies to make such an offer to all holders of MGTS ordinary shares.
During the post-acceptance period 54,963,574 Ordinary Shares and 48,583 American depositary shares ("ADS"), each representing one Ordinary Share, collectively representing 21.
s ordinary shares are traded on the New York Stock Exchange under the symbol "RIG.
Shareholders will then be in a position to trade their Ordinary Shares in all of these five new "United Kingdom Holding Companies" on either the London OTC Market or on the USA OTC Pink Sheets Market.
Such payment date and record date correspond to the payment date and record date, respectively, for the dividend on Shire's ordinary shares.
In addition, approximately 3,150,000 ordinary shares are being offered in connection with forward sale agreements.
Of the ordinary shares being offered, Aspen is offering approximately $200 million of ordinary shares and Wellington Underwriting plc (the "Selling Shareholder") is offering up to six million ordinary shares, representing 61% of the Selling Shareholder's currently outstanding ordinary shares (excluding exercisable options to purchase 3,781,120 ordinary shares).