What are the main differences between common and preferred shares?
Common shares give their holdings voting rights at the Companys General Stockholders Meetings. The holders of preferred shares do not have voting rights, except in case of celebration of long-term agreements between the Company or any of its controlled companies and the statutory reforms mentioned in the Sole Paragraph of Article 13 of the Companys Bylaws. However, the holders of such shares are entitled to receive dividends corresponding to, at least, 6% of the Companys capital stock pertaining to preferred shares or 3% of the net equity amount per share, the one which is higher. Preferred shares will get voting rights if the Company does not distribute minimum dividends for a three-year consecutive period.
