Readers' forum: Alphabet corner

I act for a company consisting of three directors and equal shareholders. The company is profitable and the directors receive dividends of £50 000. For the past three months one of the directors appears to have had personal problems and sometimes not turned up for work. Although the other two directors are sympathetic it is affecting the business. It came to a head last week when he failed to return to work despite assurances that he would and the business has now lost a customer. The first director refuses to resign and the other two feel aggrieved that he will still receive dividends.

The share structure consists of three £1 ordinary shares. If the company was to issue a further three A B and C shares and gave one to each current shareholder would it be possible to vote dividends to each class accordingly. So if the...