Financial Quotient

What is dual-class share structure?

Dual-class share structure is an ownership structure that allows two classes of shares to have different voting rights, although both classes are entitled to the same equity and same cash flows.

For instance, a Class A share may have 10 votes and a Class B share may have one vote, while both classes receive the same dividends.

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A version of this article appeared in the print edition of The Sunday Times on July 01, 2018, with the headline 'What is dual-class share structure?'. Print Edition | Subscribe