“Companies can issue different types of shares with varying rights and features”
A company can have different types of shares, as long as its constitution allows it. You can think of shares as pieces of ownership in a company. These shares can be different from each other in a few ways:
Some shares can be bought back by the company later on. This is called being redeemable, and you can learn more about it in section 68.
Some shares might give you more money when the company shares its profits or when it’s sold. These are called preferential shares.
Some shares might let you have a say in how the company is run, but with special rules or limits. These are called special voting shares.
And some shares might not let you have any say at all in how the company is run. These are called non-voting shares.
So, when you own shares in a company, it’s important to know what kind of shares you have and what rights they give you.
