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preference shares

British  

plural noun

  1. US and Canadian name: preferred stock.  shares representing part of the capital issued by a company and entitling their holders to priority with respect to both net profit and net assets. Preference shares usually carry a definite rate of dividend that is generally lower than that declared on ordinary shares Compare ordinary shares preferred ordinary shares

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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However, the company went on to source equity from elsewhere and when US equity firm TSG Consumer Partners acquired a 22% stake in Brewdog, they were given "preference shares".

From BBC May 23, 2026

It was given "preference shares", which meant it would get its money back first in the event of a sale.

From BBC Mar. 4, 2026

But unlike the Equity for Punks' "ordinary" shareholders, TSG was given "preference shares".

From BBC Feb. 27, 2026

Volkswagen preference shares, which have fallen significantly in recent weeks due to a leadership tussle, closed up 8.6% at the top of Germany’s benchmark DAX index.

From Reuters Dec. 7, 2021

Moreover it came out, I forget now how, that I hadn't clearly grasped the difference between cumulative and non-cumulative preference shares....

From The Passionate Friends by Wells, H. G. (Herbert George)

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