share premium


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Related to share premium: retained earnings

share premium

the excess of the issue price of a share over its nominal value. A company's share premium account exists for certain defined purposes, namely:
  1. (i) to issue fully paid bonus shares;
  2. (ii) to write off preliminary expenses;
  3. (iii) to write off the expenses of, or any discount allowed on, any issue of shares or debentures;
  4. (iv) to provide for any premium payable on the redemption of debentures.
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Finally, the EGM also resolved to allow the board to decide separately if the company will apply for a public notice to the creditors from the Finnish Patent and Registration Office (Finnish Trade Register) due to the decision concerning the reduction of the share premium reserve.
They were allegedly laundering unaccounted money through placement of funds, layering of transactions and integrating laundered money into banking channels camouflaged as legitimate share premium transactions.
Following these actions, the sum of the unrestricted equity reserve, the share premium reserve and the reserve fund is EUR0.
According to Article 198, if new shares were offered for the public subscription, a subscription prospectus shall be issued which shall include the following: (1) the reasons for the increasing capital; (2) the resolution of the Extraordinary General Assembly concerning the increase of capital; (3) The Company's capital at the time of issuing the new shares, the amount of the proposed increase, the number of new shares, and the share premium, if any; (4) the statement of contributions in kind or evaluated rights, if any; (5) A statement of the dividends distribution by the company during the past three years preceding the capital increase; and (6) the declaration of the auditor on the authenticity of the information included in the prospectus.
The meeting was called after the bank's board of directors in August proposed to write off accumulated losses of BD27,397,310 as of June 30, by adjusting BD11,807,778 against statutory reserve, BD1,000,000 against general reserve, BD29,754 against share premium and BD14,559,778 against paid-up share capital, thereby reducing the bank's paid-up share capital by 15.
share value at the IPO has been fixed at Bzs 110 (comprising nominal value of Bzs 100, share premium of Bzs 8 and issue expenses of Bzs 2).
Counties are working with their employees to contain health-care costs, by continuing to share premium costs or increasing the deductible amounts, copayments or out-of-pockets limits.
The difference between issue price and par value of a share is named: share premium or additional paid-in capital, if the issue price is higher than par value, or discount share when the issue price is less than par value.
The statute allows states to form a compact if they wish to share premium taxes or merely allow only the home state to impose taxes on a nonadmitted insurance transaction.
1 million against Global's current share premium and a further KWD 77.
855 million available in share premium account and remaining account from inappropriate profits of bank was utilized to issue Bonus shares.
Additionally, the bill provides states the ability to enter into an agreement to collect and share premium taxes for these multi-state risks.