Shareholders' Agreements · glossary
Equally, with no class ahead of another. The A, B and C Shares get the same dividend and the same return of capital per share, including C Shares that have not yet vested. Clause 3.2 · Clause 9.3 · Chapter 2
Explained in Chapter 2, Shares, Classes and the Register, of Shareholders' Agreements.
The main page for this term is Pari passu, in Finance Deals & Syndicated Lending.
Pari passu means equally, without preference. A dividend of any size is paid at the same rate per share to all three classes. Each share has one vote on a poll, so the votes follow the register.Read Chapter 2, Shares, Classes and the Register →
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