Define: Preference Amount
PS* per share insert subscription price or multiple / a price per share equal to the amount paid up or credited as paid up (including premium) for such share together with a sum equal to any Arrears;
PS* per share insert subscription price or multiple / a price per share equal to the amount paid up or credited as paid up (including premium) for such share together with a sum equal to any Arrears;.
Relevant Circumstances
- When preference shares carry a defined sum to be paid out ahead of ordinary holders
- If arrears of dividends roll up into the preference amount on exit
- Where waterfall calculations on a sale depend on the per-share preference