31. The company also said it plans to allow holders of preference shares to convert them to ordinary shares at a more favorable rate than previously available. 32. The company also has preference shares, which for practical purposes are generally the same as preferred shares. 33. The cost of the bid will be more once preference shares and convertible notes are taken into account. 34. The cost of the bid will be more, once preference shares and convertible notes are taken into account. 35. The gain on zero-dividend preference shares, known as zeroes, is in the form of capital growth rather than income. 36. The issue equals nearly half the total number of News Corp. preference shares. 37. The prospectuses are for the issuance of preference shares in the exchange that will confer the right to trade on it. 38. The sale also involves a payment from DSM to the government to convert ordinary shares into cumulative preference shares. 39. The takeover bid will cost more once preference shares and convertible notes are taken into account. 40. These preference shares will be sold to the institutional investors. |
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