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G Ltd has both 10% preference and ordinary shares. The companys articles of association provide that preference shareholders have the right to appoint a consultant
G Ltd has both 10% preference and ordinary shares. The companys articles of association provide that preference shareholders have the right to appoint a consultant who can sit in on board meetings and act as a conduit for the views of the preference shareholders. The company secretary is asking for clarification on two key questions here. Firstly, is the right of the preference shareholders to receive a 10% dividend a class right? Secondly, is the right of the preference shareholders to appoint a consultant a class right?
- Yes and Yes.
- Yes and No.
- No and No.
- No and Yes.
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