Zebon Ltd has three distinct operations: mining, transport and communications.The company has a class of share in which the holders of those shares are entitled to a distribution from profits only out of the operations of Zebon's mining activities.This type of share is best described as a:

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Targeted shares are designed to provide dividends or distributions specifically from the profits of a particular operation or segment of the company, in this case, Zebon Ltd's mining activities. This contrasts with ordinary shares, which typically entitle holders to dividends from the company's overall profits, and preference shares, which offer dividends with priority over ordinary shares but not necessarily tied to a specific segment's profits. Founder or deferred shares often relate to the shares held by the founders of a company, potentially with different voting or profit entitlements, but not specifically tied to a segment's profits.

Zebon Ltd Has Three Distinct Operations: Mining, Transport and Communications