preemptive right

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Related to Pre-Emptive Rights: Right of first refusal

preemptive right

n.
The right of a company's existing stockholders to purchase enough shares to maintain their overall ownership percentage in the event of a new stock issue.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.preemptive right - the right granting to shareholders the first opportunity to buy a new issue of stock; provides protection against dilution of the shareholder's ownership interest
preemption, pre-emption - the right to purchase something in advance of others
Translations
신주인수권
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References in periodicals archive ?
Medivir Aktiebolag (STO:MVIRB), a research-based pharmaceutical company with a focus on oncology, reported on Friday that at the Extraordinary General Meeting , held on 26 January 2018, it was resolved, to authorise the board, for the period up to the annual general meeting 2018, to resolve to issue new shares of series B with deviation from the shareholders' pre-emptive rights.
It plans pre-emptive rights meaning that A2A is required to tell the government that if it agrees to sell its shares in the co, together with information on the new buyer and the conditions of the sale, at the same time as the government has the right to use its pre-emptive rights if it does not agree with the deal.
NASDAQ: CIVB) said its shareholders have voted to approve proposals to eliminate pre-emptive rights and cumulative voting at a special meeting of shareholders.
There are no warrants, pre-emptive rights, or other rights or preferences.
The new version of the law shortens the term of shareholders' and (or) companies' pre-emptive rights to purchase shares.
TeliaSonera has pre-emptive rights to buy the government stake, according to Izvestia.
The state abstained from exercising its pre-emptive rights and, as a result, its stake dropped to 60.
VTB Bank's existing shareholders as of April 26, 2013 will have statutory pre-emptive rights to subscribe for New Shares at the price per share in the Offering.
The bank's supervisory board agreed to the exclusion of pre-emptive rights of existing shareholders to purchase new shares.
Importantly, for investors who plan to swap their shares of VRAO, IRGZ and IESK for RusHydro equity, we believe it is safer to do so during the pre-emptive rights period since there is a chance that share purchase requests paid for with assets will not be accepted by the company during the main placement (the pre-emptive rights execution period ends 26 Feb; the record date was 11 Oct 2012).
The Government of the Republic of Botswana (GRB) wishes to announce its decision not to take up its pre-emptive rights to acquire an additional shareholding in De Beers, following the receipt of a formal preemption offer from Central Holdings Limited, dated 26 July 2012" read a statement released by the Office of the President.
The equity offering and the pre-emptive rights offering in Colombia, which ended on January 27, 2012, will offer Bancolombia around USD892.