Money-4 Limited shares are divided into 2 classes: there are Ordinary Shares, ‘B’ Investment Shares.
The rights which attach to the shares are generally different, and are set out in the Articles of Association of the Company, with the main differences being:
Ordinary Shares are the only class of shares which carry benefits, such as the higher cashback, interest on the average monthly account balance, exclusive access to first releases and all the other good stuff.·
Each share holds one vote per share, pre-emption rights on an issue or transfer of shares, and equal economic rights to a dividend or distribution to other ordinary shares in issue.
Ordinary Shares carry certain rights if the company is ever sold or listed on the stock exchange.
Ordinary shares have a Nominal Value of €1,500 in the Share Capital of the Company.
These are non-voting shares and carry no right of pre-emption on an issue or transfer of shares. These shares do hold equal economic rights to a dividend or distribution to other ordinary shares in issue.
B Investment Shares have a Nominal Value of €10 in the Share Capital of the Company.
Nominal Value in the Share Capital of the Company not the same as the Market Value, which is determined as the price which the Shares would trade at on the open market. The Market Value can and does fluctuate, but the Nominal Value will only ever change by Resolution of the Company.
If you have any further questions, please don’t hesitate to raise a ticket with the team.