bonus issue

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bonus issue

bonus issue

n
(Stock Exchange) Brit an issue of shares made by a company without charge and distributed pro rata among existing shareholders. Also called: scrip issue

bonus issue

When a company offers its existing shareholders newly issued shares at no charge in proportion to their existing holdings. Also known as a scrip issue.
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According to information available of Tadawul website, SABB will increase its capital from SR6 billion to SR7.5 billion through issuing one bonus share for every four shares owned by shareholders who are registered in the shareholders' register at the closing of trading on the extraordinary general assembly day.
In the bonus issue, one existing share would entitle its holder to receive one new bonus share without consideration.
Higher profit resulting from higher volume and higher tax depreciation enable the Board of Directors of Burshane to declare Bonus Share in the ratio of 1:9 in addition to cash dividend of 45% for the year 1986-87.
In what will be the biggest bonus share issuance in the country, Reliance Industries (RIL) has announced a 1: 1 bonus for its shareholders on the 40th anniversary of its initial public offer (IPO).
Global Banking News-April 11, 2016--BankDhofar approves 15 percent cash dividend and 10 percent bonus share
The deal, which would have seen the clothing company's founder and Newcastle United owner receive 8m shares under a 'supplemental executive bonus share scheme', was due to be voted on today.
The bank said the cash dividends of $30.43 million equals to 3.5 cent per share (3.5 per cent of issued capital), while the stock dividends of $144.93m equal to one bonus share for every six shares (16.67 per cent of issued capital).
BANKING AND CREDIT NEWS-March 1, 2012--First Gulf Bank announces USD408m bonus share issue(C)2012 M2 COMMUNICATIONS http://www.m2.com
recommended its shareholders to approve a cash dividend of 50% and a bonus share issue of 1 share for every 10 held (10%).
The recommendation includes the distribution of one bonus share for each four shares held, resulting in an increase in the bank's total issued shares from 264,600,000 shares to 330,750,000 shares.
CHESHIRE fuels and distribution group NWF is planning a bonus share issue in a move it hopes will encourage more people to trade in its stock.
Dubai: Damac Properties proposed a 10 per cent bonus share issue equivalent to Dh500 million ($136.1 million) but no cash payout for 2014.