authorized shares

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  • noun

Synonyms for authorized shares

the maximum number of shares authorized under the terms of a corporation's articles of incorporation

References in periodicals archive ?
com/ is pleased to announce that further to its previous news release of Tuesday June 3, 7:00 am EDT the company has successfully reduced its authorized shares to 650 million shares from 950 million shares.
com/ is pleased to announce that further to its previous news release of May 29, 2008 the company has successfully reduced its authorized shares to 450 million shares from 500 million.
And finally, the Board of Directors approved amendments to the Company's Amended and Restated Certificate of Incorporation to decrease the number of authorized shares of Common Stock from 30,000,000 to 5,000,000, and to eliminate the authorized shares of Class B Common Stock, $.
as its auditors, the adoption of a Stock Option Award Plan authorizing the grant of options to purchase 150 million shares of the company's common stock, and an approval to an amendment to the company's certificate of incorporation to increase the number of authorized shares of common stock from 1,950,000,000 to 5,000,000,000.
With this first round of the share buy back plan, it will reduce the company's authorized shares to 142 million.
Regarding the request to increase the number of authorized shares of common stock, the ISS Proxy Advisory Services of Risk Metrics Group reported "A vote FOR the proposal is warranted because the rationale and size of the request are reasonable.
The DCH board of directors endorsed the proposed increase in authorized shares of common stock from 50 million to 100 million, and the number of shares of common stock reserved under the company's 2001 Stock Option Plan from 5 million to 10 million.
Pink Sheets: SPQS) announced today that it has received shareholder consent and board of director approval to amend its Articles of Incorporation to decrease its number of authorized shares by 1 billion.
As presented at the annual meeting, the Proposal would increase the number of authorized shares of common stock to 100,000,000 from 50,000,000, and the number of authorized shares of preferred stock to 25,000,000 from 2,000,000.
5%, in both cases subject to approval by shareholders of a proposal to increase the number of authorized shares of common stock from 30 million to 60 million.
In summary, the resolutions increase the number of authorized shares of Citi's common stock to 60 billion; eliminate the right of the holders of common stock to vote on any amendment to the restated certificate of incorporation that relates solely to the terms of any series of preferred stock; and authorize (but do not require) the Board of Directors to effect a reverse stock split, at one of seven ratios, at any time prior to June 30, 2010.
The stock split is subject to share owners' approval of an increase in authorized shares at the April 26, 2000, Annual Meeting of Share Owners in Richmond, Virginia.
RSHN) has increased its authorized shares this week by 6 Billion in order to complete its purchase of Garden Beverage as well as the upcoming joint venture investment in Amicalola Water Co.
Nasdaq: HGSI) announced today that at a Special Meeting of Stockholders, held today, its stockholders approved an increase in the number of authorized shares of Common Stock from 50,00,000 to 250,000,000 shares and an increase in the number of authorized shares of Preferred Stock from 1,000,000 to 20,000,000 shares.
The amendment to the company's second restated certificate of incorporation to increase the number of authorized shares of common stock from 125,000,000 to 225,000,000; and
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