With regard to share capital, which of the following constitutes a variation of class rights?
A、Issuing shares of the same class to allottees who are not already members of the class
B、Returning capital to preference shareholders
C、Subdividing shares of another class with the incidental effect of increasing the voting strength of that other class
D、Changing the amount of dividend payable to a class of preference share
A、Issuing shares of the same class to allottees who are not already members of the class
B、Returning capital to preference shareholders
C、Subdividing shares of another class with the incidental effect of increasing the voting strength of that other class
D、Changing the amount of dividend payable to a class of preference share
【参考答案及解析】
Class rights are rights that attach to a specific class of share. It would therefore be a variation of class rights if the amount of dividend payable on a class of preference share is changed. The other options are examples of what does not constitute a variation of class rights.
Class rights are rights that attach to a specific class of share. It would therefore be a variation of class rights if the amount of dividend payable on a class of preference share is changed. The other options are examples of what does not constitute a variation of class rights.