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A-share

A-share

An A-share is a share class that usually carries more votes per share than the company's other shares.

What is an A-share?

An A-share (Swedish: A-aktie) is a share class that usually has higher voting power than the company's other shares, most often B-shares. A common arrangement is that an A-share carries ten votes and a B-share one vote. The rights that apply are set out in the articles of association.

 

A-shares and the share ledger

A-shares often let founders or long-term owners keep influence when the company raises capital. The share ledger must show which share class each share belongs to, so the distribution of votes between owners can be followed.

Learn more about the digital share ledger
Henrik Kristensen, NVR
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Related terms

Share class

Share class refers to different types of shares in a company, e.g. A and B shares, with different rights.

B-share

A B-share is a share class that usually carries lower voting power than the company's A-shares, often a tenth.

Voting power

Voting power is how many votes a share gives at the general meeting.

Articles of association

The articles of association are the basic rulebook that governs how a limited company operates.