ordinary shares

(redirected from ordinary share)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

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 ?
Therefore, the total number of ordinary shares with voting rights in Arena following Admission will be 118,212,814.
In addition, the company's total outstanding share capital at present is 147,019,768 ordinary shares.
Tata Motors Limited (NYSE: TTM), an India-based automaker, has allotted Underlying Ordinary Shares and ordinary shares.
The correlation between DVR and ordinary shares is high.
In addition, the company has applied for the admission of 1.05 million of its ordinary shares for trading on the London Stock Exchange's AIM market as a result of the exercise of 500,000 options under AFC Energy's EMI share option scheme and 550,000 warrants.
BHP Billiton PLC (BLT.LN), a global resource company, has acquired 494,010 of its ordinary shares.
'Following completion of the buy-backs, the directors intend that the company will retain as treasury shares, which will be available for re-issue, 4,440,969 ordinary shares and 389,444 'B' ordinary shares,' said the company's statement.'
Reportedly, at the Annual General Meeting of Eniro on 25 April 2018, it was resolved to reverse share split of 1: 100 ordinary shares, whereby 100 ordinary shares are consolidated into one ordinary share and to authorise Eniro's board to decide on the record date.
Investors other than qualified investors under applicable law will not be eligible to participate in the ordinary share private placement.
Bahrain Mumtalakat Holding said that the final offering price in the initial public offering of Aluminium Bahrain (Alba) is BHD0.900 per Ordinary Share and $11.97 per GDR, with one GDR representing five Ordinary Shares.