(1) In this Chapter, "fixed-rate preference shares" means shares which - (a) are issued for consideration which is or includes new consideration, (b) do not carry any right either to conversion into shares or securities of any other description or to the acquisition of any additional shares or securities, (c) do not carry any right to dividends other than dividends which - (i) are of a fixed amount or at a fixed rate per cent of the nominal value of the shares, and (ii) represent no more than a reasonable commercial return on the new consideration received by the company in respect of the issue of the shares, and (d) on repayment do not carry any rights to an amount exceeding that new consideration except in so far as those rights are reasonably comparable with those general for fixed dividend shares quoted on a stock exchange in the State.
(2) In this section, "new consideration" has the same meaning as in section 135.
(a) In this subsection -
"normal commerci
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