What types of preference shares can an issuer offer?
An issuer can offer several types of preference shares, including:
- Redeemable Preference Shares (RPS): Shares that can be redeemed by the issuer after a specific period.
- Redeemable Convertible Preference Shares (RCPS): Shares that can either be redeemed or converted into ordinary shares after a specific period.
- Irredeemable Convertible Preference Shares (ICPS): Shares that can only be converted into ordinary shares and cannot be redeemed.
- Redeemable Cumulative Convertible Preference Shares (RCCPS): Shares that allow for cumulative dividends and can either be redeemed or converted into ordinary shares.