CVS: investors and reliefs: relevant preference shares
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).