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 ?
In total, 153,694,962 common shares issued in the rights offering were distributed under basic subscription privileges, of which 140,409,580 were distributed to insiders of the Company and 13,285,382 were distributed to non-insiders.
The rights offering was fully subscribed with total basic subscription privileges and over-subscription privileges being exercised for an aggregate of 1,199,643 shares of Series J preferred stock and 10,149,824 common stock warrants.
Liberty has been informed by the subscription agent that basic subscription privileges were properly exercised for 8,918,721 shares of Series A Liberty Ventures common stock ("LVNTA").
The subscription agent informed the company that the rights offering was fully subscribed, with 15,833,634 shares of series C Liberty Braves common stock to be issued to those holders of rights exercising basic and if applicable, over subscription privileges.
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.