stock exchange

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stock exchange

an investment exchange where company and other securities are bought and sold. In particular in the UK the London Stock Exchange. See YELLOW BOOK.
References in periodicals archive ?
4) Effect of the share exchanges to IIJ's business results
IIJ's financial results for the fiscal year ended March 31, 2007 will not be effected by the share exchanges, since the effective date of the share exchanges is planned to be May 11, 2007.
IIJ plans to announce the effect of the share exchanges and other items including its target for the financial results for the fiscal year ending March 31, 2008 (consolidated and non-consolidated) upon the announcement of the financial results for the fiscal year ended March 31, 2007 planned to be made in May 2007.
84 shares of common stock of IIJ per 1 share of common stock of IIJ-Tech will be issued to be allocated to the shareholders listed on the shareholder list of IIJ-Tech on the day before the agreement for the share exchange becomes effective (May 10, 2007) excluding IIJ (holding 43,805 shares of common stock of IIJ-Tech).
3) Policy of calculation of the share exchange ratio
As a basis of the calculation of the share exchange ratio, IIJ, IIJ-Tech and Net Care conducted the following analysis.
Since Panasonic failed to acquire all shares of SANYO (excluding treasury shares held by SANYO) through the Tender Offer, Panasonic and SANYO have decided to make SANYO a wholly-owned subsidiary of Panasonic through the Share Exchange.
Date on which the execution of the Share Exchange Agreement is resolved at the Board of Directors meeting (Panasonic and SANYO, respectively)
Date on which the Share Exchange Agreement is executed (Panasonic and SANYO, respectively)
Date on which the extraordinary general meeting of shareholders to approve the Share Exchange Agreement will be held (SANYO)
Scheduled date of the Share Exchange (effective date)
Panasonic will implement the Share Exchange in the form of a summary share exchange pursuant to the provisions of Article 796, Paragraph 3 of the Companies Act, without obtaining the approval by resolution of the general meeting of shareholders.