preemptive right

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Related to Subscription Rights: Pre-Emptive Rights

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 light of the prevailing Ordinary Share price and the likely costs of the exercise, the Board, as subscription trustee, has resolved not to exercise any unexercised Subscription Rights in respect of the 1 October 2015 Subscription Date.
We distributed subscription rights to the holders of record of our common stock as of the close of business on January 28, 2015 (the "Effective Date") to purchase up to 9,751,773 shares of our common stock.
In the Rights Offering, shareholders of Telekom Austria holding existing shares of Telekom Austria as of 7 November 2014, 24:00 (midnight) Central European Time, will be granted one subscription right for each existing share and will be invited to exercise their subscription rights at a price of EUR 4.
The subscription rights will be exercisable until June 18, 2012.
New bearer shares will be issued with full subscription rights of the existing shareholders.
The rights offering will be made through the distribution of non-transferable subscription rights to purchase shares of Manhattan Bancorp's common stock.
The subscription rights have been approved for listing on the NASDAQ Global Select Market under the symbol "SHLDZ", and are expected to begin trading on that market on October 31, 2014.
The company will distribute subscription rights, consisting of a basic subscription right to purchase one Unit per common share held, and an over-subscription right to purchase additional Units.
Hellenic Bank is planning to raise its share capital by about 220 million, via an offering of subscription rights to current shareholders.
have advised Holdings that they intend to exercise their pro rata portion of the subscription rights in full as soon as practicable after such subscription rights have been distributed, though they have not entered into any agreement to do so.
31787 subscription rights for each share of common stock owned on the record date.
Upon commencement of the rights offering, the Company will distribute non-transferable subscription rights to purchase shares of its Class A Common Stock to each holder of its Class A Common Stock and Class B Common Stock as of the close of business on June 14, 2010, the record date for the rights offering.