Jurisdiction(s):
United Kingdom

Key definition

Class rights definition

What does Class rights mean? In company law, class rights are the rights attached to a group of shares that carry identical entitlements (for example, to dividends, voting, redemption, conversion or return of capital). In practice, a company with a share capital may issue different classes where the rights attached to one type of share differ from those attached to other shares. Common classes include ordinary shares, preference shares, deferred shares and redeemable shares. The expression is descriptive, but variation and protection of class rights are governed by statute: in the UK by the Companies Act 2006 and in Ireland by the...

Articles of association provisions for A and B ordinary share class rights: director appointment/removal by class, board procedures, variation of rights, voting and return of capital (Companies Act 2006)

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Precedents

Add new definitions to ‘definitions’ article:

A director • refers to any director appointed by holders of the A Ordinary Shares;
B director • denotes any director appointed by holders of the B ordinary shares;
A ordinary shares • signifies the A ordinary shares of [ insert amount ] each in the capital of the Company;
B ordinary shares • signifies the B ordinary shares of [ insert amount ] each in the capital of the Company;
eligible director • indicates a director who would be entitled to vote on a matter if it were put forward as a resolution at a meeting of Directors;

Add the following new clauses as required and renumber document accordingly:

Number of directors
1. The number of directors (excluding alternate directors) shall be no fewer than [ two ] [ and no more than [ insert maximum number ] ] [ and shall comprise [ insert number ] A directors and [ insert number ] B directors ].
Proceedings of directors
1. Subject to these articles, the directors may meet to despatch business, adjourn, and otherwise organise their meetings as they consider appropriate...

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Web page updated on 22/05/2026

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