preemptive right

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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 ?
Endesa Chile may exercise a pre-emption right for the purchase of electricity generated by the abovementioned renewable assets and their related green certificates and Enel, including through its subsidiaries, may in turn exercise a pre-emption right on the sale of renewable electricity and related green certificates should Endesa Chile decide to undertake a purchase.
The Austrian state of Styria holds the majority of Energie Steiermark and thus has a pre-emption right.
Co-owners who are individuals, neighbors, tenants, and individuals under 40 years involved in farming activities in the same locality will have pre-emption right to purchase farmland available for sale.
The termination followed Tullow Uganda's exercise of a pre-emption right with respect to the transaction and was allowed under the terms of the Eni.
Benaris International Pty Ltd has advised that it will exercise its pre-emption right in relation to some of its interests.
The question of whether the other stakeholders will exercise their pre-emption right is still open.
Being the owner of 51% stake in Slovak Telekom, Deutsche Telekom has a pre-emption right and the firm might exercise this right to enlarge its majority.
0 percent, 1999-2004, index-linked, convertible, cum-warrant, subordinated debt is offered to the shareholders of the bank, and has a pre-emption right, given the new equity stock issue related to the 80 warrants attached to each bond, and to the right to convert up to 50 percent of the bonds' face value into stocks.
CanArgo Norio had previously been in negotiations with a large third party energy company to farm-in to Norio, but Georgian Oil have exercised their pre-emption right under the PSA.
Two ordinary shares of series A and series B, respectively, give pre-emption right to subscribe for one new ordinary share of series A and series B, respectively, at a price of SEK 35 per share.
Resolution 10: To allot ordinary shares in accordance with statutory pre-emption rights.
Nationally, people need to understand that given the current legislation and rulings by the STB, anyplace there is a railroad track in a neighborhood or through backyards, a railroad owner may purchase residential property and do anything they want under the federal pre-emption rights afforded to railroads.