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 ?
10 and its preemptive right to participate in any private placement, by purchasing 1,235,489 units of the $2.
80 per share, with no preemptive right to the former shareholders of ABnote.
TSX:DW) announced today that the Caisse de depot et placement du Quebec ("CDP"), pursuant to its preemptive right to acquire shares, has subscribed for $9.
When Cedara completed an equity offering of common shares in March 2004, Analogic did not exercise its preemptive right to maintain its ownership interest at 19%.
The Company has the preemptive right to call the notes and simultaneously preempt the note holders right of conversion during the first 18 months
The starting date to exercise the preemptive right as well as the cutoff date used to determine the shareholder base entitled to the preemptive rights will be announced through "Aviso aos Acionistas" after the verification of all existing pre-conditions.
The common voting shares owned by Bradesplan will be offered to the other parties to the Net Shareholders' Agreement currently in force and, in the event such other parties exercise their right of first refusal, the exchange will be contracted by and among Bradesplan, Globopar and such other parties, in the proportion of the exercised preemptive right, under the exact terms of the exchange agreement entered into by and between Globopar and Bradesplan.
Additionally, transfer of the shares of Japan Vilene requires consent of the other party, and each party has the preemptive right in proportion to its shareholding ratio when the company issues new shares.
The preemptive right lasts till February 26, 2013, and we recommend using it in order to get more liquid shares of RysHydro.
The government of Pakistan can exercise its preemptive right to buy out BP s interests, but we have to see how much are they asking.
Current shareholders will have a preemptive right to subscribe in proportion to their holdings.
Mitsui, which owns 40% of CAEMI's voting shares and is a key player in the Brazilian iron ore market, has the preemptive right to match BHP's reported offer to buy the Brazilian mining company at $322 million.