subscription right

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Related to subscription right: preemptive right, Subscription price
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  • noun

Words related to subscription right

the right of a shareholder in a company to subscribe to shares of a new issue of common stock before it is offered to the public

References in periodicals archive ?
As outlined in the circular sent to shareholders on 28 August 2015, relating to the annual Subscription Right, all shareholders will benefit from a new Subscription Right in respect of all Ordinary Shares they hold on 3 October 2016 entitling them to subscribe for further new Ordinary Shares on 3 October 2016 at a price equal to the undiluted net asset value of an Ordinary Share on 2 October 2015.
We distributed subscription rights to the holders of record of our common stock as of the close of business on January 28, 2015 (the "Effective Date") to purchase up to 9,751,773 shares of our common stock.
Carso") and Eusterreichische Industrieholding Aktiengesellschaft ("OIAG"), Telekom Austria's core shareholders, has committed itself to participate in the capital increase as follows: America Movil has committed itself to acquire at the Rights Offering Offer Price 3,967,850 New Shares according to its 7,935,700 subscription rights.
Manhattan Bancorp will offer up to 2,212,389 shares of common stock in the rights offering and estimates that if all eligible shareholders exercise their basic subscription rights, a total of 702,811 shares will be available to purchase by way of over-subscription privileges.
As soon as practicable after the record date, the Company will distribute subscription right certificates to the registered holders of its common stock as of the record date.
Holders of the company's common stock will receive one basic subscription right for each share of company common stock held as of the September 23, 2010.
Hellenic Bank is planning to raise its share capital by about 220 million, via an offering of subscription rights to current shareholders.
have advised Holdings that they intend to exercise their pro rata portion of the subscription rights in full as soon as practicable after such subscription rights have been distributed, though they have not entered into any agreement to do so.
Each whole subscription right will entitle the holder to purchase one new share of common stock at the subscription price and rights will only be exercisable in whole numbers.
Each whole subscription right will entitle the holder to subscribe for one share of the Company's Class A Common Stock at the subscription price of $1.
annual Subscription Right mechanism with the aim of increasing the
375 of a subscription right for each share of common stock owned on the Record Date.
New York City time, on September 15, 2014 (the "Record Date") will receive one subscription right for each share of common stock owned as of the Record Date.
Each Debenture will be convertible, at the option of the holder, at any time prior to the maturity date, into class A shares of the Corporation ( Shares ) at a conversion price equal to the five-day volume weighted average trading price of the Shares on the day preceding the date on which the Subscription Right becomes exercisable (the Conversion Price ).
Pursuant to the rights offering, holders of the Company's outstanding common stock on the Record Date will receive one non-transferable basic subscription right for every 2.