Sunday, July 25, 2010

Rights of Ordinary Shareholders

The right to vote
All ordinary shares issued except for non voting ordinary shares will have the right to vote

The right to receive a dividend if the directors have proposed a dividend

A right to receive a copy of the annual report

The right to transfer the ownership of shares

The right to receive a portion of the remaining assets at the time of liquidation

The right to demand the directors to issue shares to the existing shareholders before issuing any shares to outsiders. This will be called the pre-emption right

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