The Bank believes that the issuance of the Preference Shares
will strengthen its capital base, improve its capital structure, to meet the increased capital requirements imposed by the banking regulatory authorities and meet the needs of the sustainable development of the Bank, and thus has great significance in promoting healthy and sustainable development of the Bank.
Enstar's preference share
ratings could also be lowered by one notch to reflect higher non-performance risk should Fitch view Bermuda's regulatory environment as becoming more restrictive in its supervision of (re)insurers with respect to hybrid features.
JSC "National Welfare Fund Samruk-Kazyna" owns 0.01% common shares and 51% preference shares
of the Bank.
The holders of preference shares
(preference shareholders) have the right to receive income--as dividends -before any holders of ordinary shares (ordinary shareholders).
It said that the amount in respect of such reserve, however, keeps on appearing in the financial statement of the company after complete redemption of preference shares
The news agency got no comment from the Mexican telecoms.Country: NetherlandsSector: IT/Online Services, TelecommunicationsTarget: Royal KPN NVBuyer: Foundation Preference Shares
B KPN, America Movil SAB de CVDeal size in USD: 9.5bnType: Corporate acquisition, StakebuildingStatus: Closed, BiddingComment: Deal size refers to America Movil's bid.
"This will bring transparency in raising of funds through non-convertible preference shares
and create a market for these securities," says Subir Saha, executive vice president, ICICI Securities.
typically pay a fixed dividend, whereas ordinary shares do not.
iLOOKABOUT Corp (TSX V:ILA), a Canada-based visual and data intelligence company serving the hospitality industry, has closed a private placement of Series 1 Preference Shares
New Delhi, May 07 -- The ordinary shareholders of Porsche Automobil Holding SE, Stuttgart, have declared vis-Ea-vis the company that they will not participate in the dividend distribution for the rump fiscal year 2010 and that the dividend shall be paid out exclusively to the holders of the preference shares
National Bank of Greece SA (NBG) (NBGr.AT) (NYSE: NBG) (ETE.ATH), Greece's largest lender, has authorised the repurchase of EUR350m worth of preference shares
provided as liquidity support by the government, reports Dow Jones.