preferred ordinary shares

preferred ordinary shares

pl n
(Stock Exchange) Brit shares issued by a company that rank between preference shares and ordinary shares in the payment of dividends. Compare preference shares
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City Financial Investment Company bought the equity investment itself in exchange for GBP2.5m in cash and preferred ordinary shares worth GBP250,000, the vendor said in its statement.
The company's non-controlling equity interest was acquired by City Financial Investment Company itself for GBP2.5m in cash and preferred ordinary shares valued at GBP250,000.
Existing shareholders have priority when it comes to applying for the new convertible preferred ordinary shares.

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