Preemptive Right

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Related to Subscription Rights: Pre-Emptive Rights

Preemptive Right

The privilege of a stockholder to maintain a proportionate share of the ownership of a corporation by purchasing a proportionate share of any new stock issues.

In most jurisdictions, an existing stockholder has the right to buy additional shares of a new issue to preserve Equity before others have a right to purchase shares of the new issue.

preemptive right

n. the right of a shareholder in a corporation to have the first opportunity to purchase a new issue of stock of that corporation in proportion to the amount of stock already owned by the shareholder. (See: corporation, stock)

References in periodicals archive ?
The Board announces that applications have been received from shareholders in respect of exercise of the annual Subscription Right for 296,903 new Ordinary Shares.
The Company will distribute to its stockholders of record as of the Effective Date, their subscription rights certificate, a copy of the prospectus supplement dated January 29, 2015 for this Rights Offering, which is made part of the registration statement, and instructions for participating in this Rights Offering.
A REGISTRATION STATEMENT RELATING TO THE COMMON STOCK UNDERLYING THE SUBSCRIPTION RIGHTS MENTIONED IN THIS PRESS RELEASE IS EXPECTED TO BE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
These forward-looking statements include, but are not limited to, statements about the rights offering, the terms of the rights offering, the dates on which actions relating to the rights offering are expected to occur, the listing of the subscription rights on the NASDAQ, future trading of the common stock of the Company and other statements that describe the Company's plans.
The subscription rights will be transferable, subject to applicable securities laws, and will be more fully described in a registration statement to be filed with the Securities and Exchange Commission and a prospectus to be filed with Canadian securities regulators.
Rights offering materials, including a prospectus supplement (and accompanying base prospectus) and other items necessary to exercise the subscription rights, will be mailed on or about June 18, 2010 to eligible shareholders.
the costs of exercising the Subscription Rights, shall within the period
The subscription period for the Offering ended on 17 September 2014, and trading in interim shares (LEM1SN0114), representing the Offer Shares subscribed for pursuant to subscription rights, commenced on 18 September 2014.
The subscription rights will be exercisable until the close of business on June 10, 2009, unless Zion extends the offering.
On or about September 22, 2014, the Company will distribute, at no charge, to the holders of its common stock transferable subscription rights to purchase common stock.
is pleased to announce that, further to its December 10, 2013 press release and in accordance with the subscription agreement dated November 7, 2013, amended on December 6, 2013 between Orbite and Crede Capital Group, LLC ( Crede ), it has issued Series X Subscription Rights and Series Y Subscription Rights (the Subscription Rights ) to Crede upon the terms provided in the subscription agreement and summarized in the Corporation s amended and restated prospectus dated December 6, 2013.