class of shares
a category of shares in which each share has the same voting rights, value, and characteristics The company introduced a new class of shares with a higher level of voting power.
- Preferred stock is a class of shares different from common stock.
- A brief summary of the rights of each class of shares should be given.
- The class of shares subscribed by management has a much higher value than the classes of shares subscribed by the institutions.
- The register must state the number and class of shares held by each member.
- Owners of companies that have been privately owned and go public often create class A and B share structures with different voting rights in order to maintain control and/or to make the company a more difficult target for a takeover.