(1) In this section—
“ordinary shares” means shares other than preference shares;
“preference shares” means shares which do not carry any right to dividends other than dividends at a rate per cent of the nominal value of the shares which is fixed, and which carry rights in respect of dividends and capital which are comparable with those general for fixed-dividend shares quoted on a stock exchange in the State.
(2) Each share issued by a REIT or the principal company of a group REIT, as the case may be, shall either—
(a) form part of its ordinary share capital, or
(b) be a preference share with no voting rights attaching to it.
(3) No more than one class of ordinary share shall be issued by a REIT or by the principal company of a group REIT, as the case may be.
Inserted by FA13 s41(c). Deemed to have come into force and takes effect on and from 1 January 2013.