Types of shares · Question 9 of 12
When do non-voting preference shares obtain a voting right?
1 answer is correct. Medium
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Answer
- B When the preferential amount is not paid and not made up in time
Explanation
The missing voting right is the price paid for the dividend preference. If this preference is not paid and not made up in time, the voting right revives until the arrears have been settled (Section 140 (2) AktG). This gives preference shareholders influence when their advantage fails to materialise.