Betekenis van:
subscription right
subscription right
Zelfstandig naamwoord
- 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
Hyperoniemen
Voorbeeldzinnen
- The procedure for the exercise of any right of pre-emption, the negotiability of subscription rights and the treatment of subscription rights not exercised.
- Downstream, distributors purchase from producers the right to broadcast their channels and offer subscription-based pay-TV channel packages.
- TERP (theoretical ex right price) is a weighted average between the reference quoted market price and the subscription price of the new shares.
- Similarly, the decision to participate in the recapitalisation and to undertake to exercise, at least in part, its preferential subscription right has been taken up by the Italian Ministry for Economic and Financial Affairs.
- analysis of some thirty recapitalisations effected on most European stock markets since April 2003, with details provided, amounting on average to €1240 million, or 43,2 % of their previous capitalisation, shows that the difference between the subscription price and the theoretical ex right price (or TERP) [10] has on average been 22,8 % and 28,1 % for restructuring companies [11];
- According to a special resolution adopted in 17 December 1999 by the board of Shetland Seafish Ltd the preference shares in Shetland Seafish Ltd have ‘the right to a fixed non-cumulative preferential dividend at the rate of 10 % (net of associated tax credit) per annum on the capital for the time being paid up or credit as paid up thereon accruing from the date of subscription therefore and to be paid (to the extent that there are profits available for distribution) annually on 31 January in each year in respect of the 12 months ending on that date; and may be redeemed at par (i.e. at 1 per preference share) plus any unpaid preferential dividend, at the option of the Company at any time after the first anniversary of the date of the allotment of the preference shares.’