Whilst most UK limited companies usually have one class of share, it is possible for a company to have two or more distinct groups of equities in existence at any one time by creating additional classes of shares. The individual rights relating to each class of share could potentially differ in one or more of the following ways:
- Their voting rights.
- Whether they can receive dividends.
- Payouts received on winding up.
NOTE: There is a requirement that the Articles of Association refer to the class shares and their respective rights in relation to Dividends, Voting and Capital, we generally therefore arrange for replacement Articles of Association to be filed at Companies House, such Articles also being compliant with the Companies Act 2006.