Jurisdiction(s):
United Kingdom

Key definition

Ordinary shares definition

What does Ordinary shares mean? In practice, ordinary shares are a company’s basic equity, giving holders ownership, voting influence and a residual claim on profits and assets. They typically carry one vote per share, a right to dividends when declared (not fixed or guaranteed), and a pro rata share of surplus on a winding up after creditors and any preference shareholders. Within the class, rights are usually pari passu unless the articles of association or terms of issue state otherwise. “Ordinary shares” is a descriptive label used across corporate, finance and M&A practice rather than a universal legal definition. For specific UK statutory...

Precedent Employee Application Form for SAYE (Save As You Earn) Share Option Scheme: Payroll Deduction Authority, Savings Term Election and Declarations (UK)

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Precedents

[ Letter to be printed on company headed paper ]

[ Insert name of Company ]

SAYE share option scheme (the Scheme) Application form

You are invited to apply for a three- or five-year option (the Option) to purchase Ordinary Shares in [ insert name of Company ] (the Company and the Shares, respectively) in line with the Rules of the Scheme.

The deadline for returning your Application Form is [ insert closing date ].

If you are not familiar with the Scheme, please refer to the explanatory brochure, which outlines the rules of the Scheme and explains the principal terms of the savings contract Prospectus (the Prospectus).

Both the explanatory brochure and the Prospectus are [ enclosed OR available on request from [ insert name of administrator ] OR can be viewed online at www.[ insert web address ] ]...

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Web page updated on 22/05/2026

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