43 Share rights

(1) Subject to subsections (2) and (3), a share in a company confers on the
holder —

(a) the right to one vote at a meeting of the members of the company
or on any resolution of the members of the company;

(b) the right to an equal share in any dividend paid in accordance with
this Act; and

(c) the right to an equal share in the distribution of the surplus assets
of the company.

(2) Where expressly authorised by its memorandum in accordance with
section 15 but subject to section 48 (Bearer shares prohibited), a company
—

(a) may issue more than one class of shares; and

(b) may issue shares subject to terms that negate, modify or add to the
rights specified in subsection (1).

(3) Without limiting the generality of subsection (2)(b) but subject to section 48 (Bearer shares prohibited), shares in a company may —

(a) subject to the provisions of this Act, be redeemable;

(b) confer no rights, or preferential rights, to distributions;

(c) confer special, limited or conditional rights, including voting
rights;

(d) confer no voting rights;

(e) participate only in certain assets of the company;

(f) where issued in, or converted to, one class or series, be convertible
to another class or series, in the manner specified in the
memorandum or articles.