B-Ordinary Shares

B-Ordinary Shares are a different class of Ordinary Share and are subject to the Articles of Association of the company concerned. They often pay higher dividends than Preference Shares. Holders of B-Ordinary Shares have fewer or no voting rights than Ordinary shareholders and may not have a right to any repayment of capital should the company be dissolved.

Who is this for?

B-Ordinary Shares are suitable for investors looking for a long-term investment. They are also suitable for investors who are willing to take higher risk to achieve a higher return.


  • Dividends for B-Ordinary shareholders are not fixed and can be higher than dividends for Preference shareholders.
  • Besides cash flow, shareholders can also obtain capital growth, for example by selling the Share at a price higher than the purchase price.
  • Should the company cease to exist, the B-Ordinary shareholders may not be entitled to any repayment of capital.
  • Holders of B-Ordinary Shares have fewer or no voting rights.

How to get it

To buy or sell B-Ordinary Shares, individuals will need to open a brokerage account with a JSE Equity member.







What are B-Ordinary Shares?What are B-Ordinary Shares?https://www.jse.co.za/content/JSEPresentationItems/B-Ordinary Shares.pdfpdf

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