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 ?
Hemas Manufacturing private limited, the company's majority shareholder, is to purchase shares from shareholders who may wish to divest their shareholding at a purchase price of 850 rupees for fully paid voting share and 700 rupees for fully paid non-voting share.
Under the terms of the merger agreement, each Viacom Class A voting share and Viacom Class B non-voting share will convert into 0.59625 of a Class A voting share and Class B non-voting share of CBS, respectively.
(TSXV: BCF) (the "Company") announced today that its board of directors has declared a distribution of $0.0997 per Class B Non-Voting share of the Company.
Earnings exceeded the amount required to pay planned Class A Non-Voting Share dividends by a healthy 1.7 times.
The company has declared a dividend of USD0.175 per common and non-voting share.
Under the agreement, a Salter Street shareholder can receive C$3.33 in cash and .31 of a class B non-voting share of Alliance Atlantis for each Salter Street share, or .465 of an Alliance share for each Salter Street share.
The agreement provides for a recapitalisation of the company with an initial net cash infusion of around CAD6.3m; and acquisition by the company of Privateco where each company shareholder will receive one new common share for each common share and each non-voting share held and one arrangement warrant for every three company shares held.
said its Board of Directors has approved a five percent increase to the annualized dividend rate from USD1.83 to USD1.92 per Class A Voting and Class B Non-Voting share.
Mr Folkes, who speaks for 52.3 per cent of Lye-based Folkes Group's shares, has indicated he will pay 140p for each outstanding voting share and 110p for each non-voting share.
As of December 18, TELUS non-voting share price was up 20 per cent since the original announcement was made in February of 2012, while the common share price was up 16 per cent about $3 billion in new shareholder value.
Each unit bundles CAD7.50 principal amount of 8% unsecured, subordinated, convertible, extendable debentures and one non-voting share of company with a price of CAD2.50.
In accordance with applicable corporate laws, the TELUS proposal will require approval from two-thirds of its non-voting share votes cast at the meeting, as the non-voting shares are being exchanged for common shares.