Knowledge Base

What rights are attached to ordinary shares under the French Code de commerce?

Double voting rights, priority dividend, exclusive control rights

Simple voting rights, proportional dividend, pre-emptive subscription right

Enhanced dividend, removal of voting rights, reserved board seats

Exclusive liquidation surplus right, enhanced information, non-voting shares

What is the maximum rate permitted for an enhanced dividend on preference shares?

10%

15%

20%

What is the main criterion distinguishing ordinary shares from preference shares?

The nominal value of the share

The issue date of the share

The special rights attached to the share

The issuing company's business sector

What condition must be met for a priority dividend share without voting rights to recover its voting rights?

Payment of a dividend exceeding 10% for two years

Non-distribution of the dividend for three consecutive financial years

Approval by shareholders at the general meeting

Written request from the holder to the board of directors

Priority dividend shares without voting rights

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Categorize items by dragging them to the appropriate zones

Items to categorize:

'One share, one vote'

'Temporary suspension of voting rights'

'Cap at 15% of share capital'

'Guaranteed minimum dividend'

Categories:

Types of ordinary shares

Possible restrictions on shares

Non-voting shares can represent up to 50% of share capital in a listed company.

True

False

Free shares immediately confer voting rights and dividend entitlements.

True

False