Letter Format for Redeemable Preference Share
We are pleased to inform that pursuant to the recommendations of board of directors at its meeting held on (Date) and resolution passed by the shareholders at the extraordinary general meeting of the company held on (Date), you have been allotted non-voting, non cumulative, unlisted redeemable preference shares of (amount of money) each in the proportion of (number) preference shares for every 100 ordinary shares held and registered.
The share certificate in respect of preference shares being issued to you as mentioned above is enclosed herewith.
Fractional shares/entitlements will not be distributed and its sale proceeds will be donated to a well known charitable organization as approved by the shareholders in extraordinary general meeting held on (Date).
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