CG50206 - Definitions: share: different classes of share

It is a question of fact whether the rules of a recognised stock exchange would list different classes of share separately. If the shares are quoted you should follow the practice of the stock exchange. If the shares are not quoted you will need to consider the terms of the shares. As a general rule a stock exchange will treat shares as being of a different class if they have different rights or other features which would affect their value. For example, partly paid shares would not be regarded as the same class as fully paid shares. However, see CG50208 if the balance of the subscription price is payable within six months of the issue of the shares.