Session 4: Being a Shareholder and Shares

A company is able to have both par and no par value shares in their capital structure

Shares issued by the company need to be fully paid up in cash only

A company can set up various classes of shares with different rights, responsibilities and obligations provide one class is allocated the general vote on all matters and another class is allocated …

All shares within a class of shares must to identical

Directors may allocate different dividends to shareholders even though they hold equal shareholdings of the same class of shares

The Board of Directors may change the classification, authorisation and preference of unissued shares

If a shareholder’s rights are to be amended in a manner that will “materially or adversely alter” their rights, that shareholder can seek relief by •Giving notice of intent to oppose resolution, …

Shareholders have the right to determine the amount to be declared as a dividend

Companies are able to buy back their issued shares from shareholders

Shareholders are able to decide matters by way of written resolutions