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...

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UK Save As You Earn (SAYE) Option Certificate Precedent (HMRC precedent-based)

Precedents
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This option certificate draws partly on the HMRC precedent and provides the information required to confirm the grant of a save as you earn (SAYE) option to the participant named herein...

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Web page updated on 22/05/2026

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