06-30-2003, 04:35 AM
Hi,
As far as my limited info is concerned, unfortunately I can't recall any such case in Pakistan. Further since 'Deferred Shares' topic is not such a vast topic which may require a complete 'book'.
However, you can find this definition in some different words in 'Dictionary of Banking' (Third Edition - By F.E. Perry & G. Klein[Published in association with'The Chartered Institute of Bankers', England]). (I hope said publishers would not sue me for copyright infringement?????)...
Actually my words were bit different because I'd read it long ago but somehow meaning was the same.
For you I'm reproducing said definition as given in above referred dictionary
Quote
Shares postponed to ordinary shares; they receive a dividend only if the dividend on the ordinary shares reaches a certain level. These are sometimes called 'Management or Founder's shares' and are created to remunerate the founders or promotors of a company. When the company profits are good the return from 'Deferred Shares' may be very considerable.
Unquote.
In addition to the above, I'd also read somewhere that these shares are also descriptively termed as 'Dividend Level Conditionality Shares' and 'Deferred Dividend Shares".....
Goodluck..
Edited by - TheOne on Jun 30 2003 125135 AM
As far as my limited info is concerned, unfortunately I can't recall any such case in Pakistan. Further since 'Deferred Shares' topic is not such a vast topic which may require a complete 'book'.
However, you can find this definition in some different words in 'Dictionary of Banking' (Third Edition - By F.E. Perry & G. Klein[Published in association with'The Chartered Institute of Bankers', England]). (I hope said publishers would not sue me for copyright infringement?????)...
Actually my words were bit different because I'd read it long ago but somehow meaning was the same.
For you I'm reproducing said definition as given in above referred dictionary
Quote
Shares postponed to ordinary shares; they receive a dividend only if the dividend on the ordinary shares reaches a certain level. These are sometimes called 'Management or Founder's shares' and are created to remunerate the founders or promotors of a company. When the company profits are good the return from 'Deferred Shares' may be very considerable.
Unquote.
In addition to the above, I'd also read somewhere that these shares are also descriptively termed as 'Dividend Level Conditionality Shares' and 'Deferred Dividend Shares".....
Goodluck..
Edited by - TheOne on Jun 30 2003 125135 AM
