Types of Shares

They are securities that represent a proportional part of the share capital of the company that has issued them. The shares are of variable interest securities because its profits fluctuate.

According to how the shareholders are assigned the shares can be:

• Bearer shares: the owner is he who possesses them. They are easy to negotiate because there are no registry procedures to do at the issuing institutions.
• Registered shares: They are assigned to a determined name of a person and the issuing institution maintains a registry of the shareholders.

The shares can also be:

• Ordinary: they don’t have any preferential rights and enjoy of the classical rights.
• Preference: They give politics rights (as could be to have a place on the company’s council, privilege in the distribution of dividends, etc.)

To their Holders:

• Trade Union: they can’t be transmitted freely; they must be offer first to the actual shareholders. However, for the quotation in the market, there can’t be any limitations for a free negotiation, that is why there can’t exist any statuary syndication nor are admitted any syndicalism pacts derived of any rights to vote: they are deprived from the rights to vote in change of other economic advantages that other shares of the same company don’t have. Also, besides the dividends they could perceive at the end of each exercise a minimum dividend is guaranteed.