Current share prices of the company are 800.10 rupees and 552.20 for voting and non-voting shares
Tetragon Financial Group Limited has announced the commencement of a tender offer for the purchase of USD 50 million of outstanding non-voting shares
, the company said.
Panama-based airline holding company Copa Holdings SA (NYSE:CPA) reported on Wednesday that Corporacion de Inversiones Aereas SA (CIASA) has completed its equity offering of 1.84m Class A non-voting shares
of Copa Holdings.
However, a series of theoretical and empirical studies have shown that a price premium (the so called voting premium or VP) could exist for voting shares over non-voting shares
of a single firm (2).
A solution is to re-classify the shares into voting and non-voting shares
whilst ranking equally in terms of sharing value in the event of a sale.
The company board of directors has announced a dividend of CAD0.25 per share for the Class I Non-Voting shares
and Class II Voting shares, payable on September 30, 2009, for a record date of September 9, 2009.
Taxpayers - who already have a 43% stake in the firm - could see their economic interest in the firm rise to as much as 70% through the issue of special non-voting shares
Madison will establish a credit facility for FCT, to a maximum of $300,000, and invest $1.6 million, inclusive of any advances under the facility, in exchange for the issuance of 39.5 percent of FCT's voting shares and 93.6 percent of its non-voting shares
, representing 88.6 percent of the company's equity.
28 that it has filed a registration statement with the Securities and Exchange Commission relating to its proposed offering of 14,000,000 Class A non-voting shares
. The international offering will be led jointly by Morgan Stanley and Goldman, Sachs & Co., who are acting as representatives of the underwriters.
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.
Asian Development Bank (ADB), South Asia Regional Fund (SARF) and International Finance Corporation (IFC) had sold 3% non-voting shares
in Grameen Phone to Telenor, Grameen Telecom, Marubeni and Gonofone.
last week registered its desire with the Securities and Exchange Commission to sell 7 million non-voting shares
, or approximately 24 percent of its holdings.