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preemptive right
(redirected from Pre-emption right)

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
preemptive right
n.
The right of certain stockholders to maintain ownership of a constant percentage of a firm's stock. Such stockholders have the first opportunity to purchase new stock in the firm proportionate to the percentage of shares already held.
ThesaurusLegend:  Synonyms Related Words Antonyms
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
pre-emption, preemption - the right to purchase something in advance of others


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A term of the consent is that the NOC waive any pre-emption rights or rights of first refusal which it may have in respect of such acquisition.
One top-10 investor in the bank said shareholders also had concerns about the scale of dilution, the costs and the absence of pre-emption rights under Barclays' fundraising plans.
Centrica said in a statement that it had exercised its pre-emption right over the 25.
 
 
 
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