Magic Eco Limited (Ltd) is listed on the Johannesburg Stock Exchange (JSE), it has two classes of shares class X and Y class. The shares have the following rights: Holders of class X are entitled to a fixed dividend per share and have the right to participate in any additional dividends declared. Dividends are discretionary. Holders of class Y participate equally with the holders of class X with respect to any additional discretionary dividend only. Both classes of shares participate equal