VCM91110 - CVS: investors and reliefs: relevant preference shares

FA00/SCH15/PARA9

Relevant preference shares are defined as shares which:

• do not currently carry voting rights (whether or not they might acquire voting rights in some specified eventuality), and
• are issued wholly for new consideration, and
• do not carry any right the exercise of which would result in their holder’s acquiring any other shares or any securities, and
• do not carry any right to dividends except dividends of a pre-determined amount (see VCM91120).