ordinary shares

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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 ?
The Company also announces that certain members of its technical team and advisers have converted previously granted Options into Ordinary Shares.
Following the change, the total number of shares amounts to 241,128,859, of which 79,209,657 are class A ordinary shares, 160,887,155 are class B ordinary shares and 1,032,047 are preference shares, with the total number of votes amounting to 95,401,577.
Application will be made to the London Stock Exchange to admit the 127,510 new ordinary shares to trading on AIM.
Subject to certain limited exceptions, the Capital Increase is not made available to holders of Existing Ordinary Shares located in the United States or any other jurisdiction where such offer for sale of the New Ordinary Shares would be unlawful.
Following the above purchase, the Company holds 9,719,306 Ordinary Shares as treasury shares and has 553,172,347 Ordinary Shares in issue (excluding treasury shares).
Shire plc announces that, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on April 30, 2013, it purchased 9,980 of its ordinary shares of 5 pence each ( Ordinary Shares ) on August 22, 2013 through both direct purchases of Ordinary Shares, and through the purchase of Ordinary Shares underlying ADRs.
Shire plc (LSE: SHP, NASDAQ: SHPG) (the Company ) announces that, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on April 30, 2013, it purchased 8,682 of its ordinary shares of 5 pence each ( Ordinary Shares ) on August 20, 2013 through both direct purchases of Ordinary Shares, and through the purchase of Ordinary Shares underlying ADRs.