Treasury Stock

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Related to treasury shares: Issued shares

Treasury Stock

Corporate stock that is issued, completely paid for, and reacquired by the corporation at a later point in time.

Treasury stock or shares may be purchased by the corporation, or reacquired through donation, Forfeiture, or some other method. It is then regarded as the Personal Property of the corporation and part of its assets. The corporation can sell the stock for cash or credit, for par value or market value, or upon any terms that it could be sold by a stockholder. Shares that the corporation has not issued in spite of its authority to do so are ordinarily not regarded as treasury shares but are merely unissued shares.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

treasury stock

n. stock of a private corporation which was issued and then bought back by the corporation or otherwise reacquired by the corporation. Treasury stock held by a corporation earns dividends for the corporation but the corporation may not cast votes in decision-making the way a regular shareholder would be entitled. (See: stock, share)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
12,691,247 treasury shares (equal to 0.35% of the share capital) for an aggregate amount of 179,459,400.69 euro.
Following this transfer, Afarak Group holds a total of 2,494 treasury shares.
In August 2015, the Senate Standing Committee on Finance approved amendments to section 95-A of the Companies Ordinance 1984, which sought to allow listed companies to purchase their own shares and hold them as treasury shares.
287 of 2016 Promulgating the Executive Regulation of Law No.1 of 2016 Promulgating the Companies Law ('Companies Law'), the Kuwaiti legislator has defined treasury shares as: "the shares acquired and resold by the company and used on its issued shares traded in the stock exchange within the limit of the decreed percentage".
It also includes restrictions, rights and privileges of the treasury shares, limitation on treasury shares, compliance with the applicable international financial reporting standards relating to the treasury shares, disposal of treasury shares and maintaining record thereof.
All in all, the treasury shares account for 1.36 percent of the Bank's registered capital.
Aboitiz Equity Ventures earlier raised P594 million by selling an initial tranche of treasury shares back to the open market in September 2014.
EFG Executive Chairman Karim Awad said: "The objective of acquiring the treasury shares is to maximise the capital returns as well as shareholder profits.
Following this transfer Vodafone holds 4,381,155,556 of its ordinary shares in treasury and has 49,433,972,693 ordinary shares in issue, excluding treasury shares.
After the cancellation of the 15m treasury shares, United Internet will still hold 9m treasury shares, which correspond to 4% of the reduced equity capital of EUR 225m.
1,336,369 shares, at a weighted average price per share equal to 13.288003 euro, for a total consideration of 17,757,675.31 euro within the authorization to purchase treasury shares approved at Eni's Ordinary General Meeting of shareholders on 14 May 2019, previously subject to disclosure pursuant to art.