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preemptive right
(redirected from Subscription Privileges)

   Also found in: Legal, Financial 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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The 433,532 shares not subscribed for pursuant to the exercise of the basic subscription privileges and over-subscription privileges were purchased by the standby purchaser for a purchase price of approximately USD3m.
The 3,216,698 shares available to fill over-subscription requests will be allocated among rights holders exercising their over-subscription rights in proportion to the number of shares in their basic subscription privileges.
subscription privileges to the extent that other rights holders do not exercise their basic subscription privileges in full.
 
 
 
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