authorized shares

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Related to authorized shares: authorized capital, Outstanding shares, Issued shares
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Noun1.authorized shares - the maximum number of shares authorized under the terms of a corporation's articles of incorporation
stock - the capital raised by a corporation through the issue of shares entitling holders to an ownership interest (equity); "he owns a controlling share of the company's stock"
References in periodicals archive ?
Pluristem Therapeutics announced that its board has approved a 1-for-10 reverse split of the company's (a) authorized shares of common stock; and (b) issued and outstanding shares of common stock.
In May 2017, our Board of Directors approved an increase to the remaining amount of shares authorized to be repurchased to a total of 2.5 million shares effective July 1, 2017, and an extension to the plan until the earlier of June 30, 2018 or such time that all of the authorized shares have been repurchased.
Securities and Exchange Commission.<br />Shareholders will also vote on an amended and restated certificate of incorporation to increase the number of authorized shares of Williams common stock.<br />Williams' stockholders of record on July 9 are entitled to vote at the meeting.<br />Williams owns 74 percent of Williams Partners, which operates 33,000 miles of pipeline.
As a result, the authorized shares of common stock decreased from 375,000,000 shares to 75,000,000 shares and the number of authorized shares of preferred stock decreased from 33,333,333 shares to 6,666,667 shares.
As of the termination date of the program 92,376 shares, or 72.6%, of the authorized shares for the repurchase program were repurchased by the company.
Xerox Corporation (NYSE:XRX) has completed the previously announced reverse stock split of Xerox common stock at a ratio of one-for-four shares, together with a proportionate reduction in the authorized shares of its common stock from 1,750,000,000 shares to 437,500,000 shares, the company said.
The company decreased the number of its authorized shares of common stock from 200,000,000 to 30,000,000.

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