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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

US equity firm TSG Consumer Partners acquired a 22% stake in Brewdog in 2017, and was given "preference shares" over Equity for Punks shareholders.

From BBC Mar. 4, 2026

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

From BBC Feb. 27, 2026

“The board will now consider its next steps and will continue to engage with our shareholders,” Dekkers said, adding Unilever will proceed with the plan to cancel its Dutch preference shares.

From Reuters Oct. 5, 2018

It is not uncommon for ordinary shares to carry with them a greater voting power than the preference shares of a corresponding value.

From Supply and Demand by Hubert D. Henderson

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