SHARES & TYPES OF

SHARES
Aishath Eaman
MA-13

WHAT ARE SHARES?

Shares

are the capital of a company

divided into different units with a

definite value.

 Shares

are sold to the public for

raising share capital.

Shareholders

choose who runs a

company and are involved in

making key decisions.

TYPES OF SHARES
The

3 main types of shares a

company may have are:

1.

Equity Shares / Ordinary Shares

2.

Preference Shares

3.

Deferred Shares

EQUITY SHARES/ ORDINARY SHARES

These

shares are standard shares

with no special rights or restrictions.

Equity

shares will get dividend and

repayment of capital.

PREFERENCE SHARES
Shares

which enjoy the preferential

rights as to dividend and repayment

of capital in the event of winding up
of the company are called

preference shares.

DEFERRED SHARES
Deferred

shares are a form of stock that

is sometimes issued to key people

within the issuing company.
Usually,

executives or directors of the

company are eligible to receive deferred

shares of stock

COMPANIES IN MALDIVES THAT ISSUES SHARES

Currently four companies are listed on the

Maldives Stock Exchange

1.

Maldives Transport and Contracting

Company Plc (MTCC)

2.

Bank of Maldives Plc (BML)

3.

State Trading Organization Plc (STO)

4.

Maldives Tourism Development Corporation

(MTDC)

MALDIVES TRANSPORT AND CONTRACTING

COMPANY PLC (MTCC)

MTCC's authorized and issued share capital

is RF 12,500,000 of which 52.5% is held by

Government of Maldives represented by

Ministry of Finance & Treasury, 7.5% is held

by Maldives Shipping Limited and 40% is

held by general public of Maldives.

BANK OF MALDIVES PLC (BML)

The Bank of Maldives Plc issued shares during

1993, 1994, 1995, 1996, 1997, 1998 and 2007.

In 2007, Memorandum and Articles of

Association of the bank was revised and the

capital of the bank was increased from Rf 300

million to Rf 800 million.

The face value of BML shares stand at Rf 50/-.

STATE TRADING ORGANIZATION PLC

(STO)
State

Trading Organization Plc (STO) is

today a public limited company with

over 90% shares of the Maldivian
government and falls under the

auspices of the Ministry of Economic

Development & Trade.

MALDIVES TOURISM DEVELOPMENT

CORPORATION (MTDC)

MTDC envisions each and every Maldivian

citizen to become a shareholder of the

company. In order to make this a reality the

shares were issued at MRF 100.00 or USD

7.78. Each individual / entity were limited to

purchase up to 1000 share per person.

THANK YOU!