on shares
21bonus shares — Shares issued to the existing shareholders of a company following a scrip issue. The number of shares received depends on the level of the shareholding prior to the bonus issue. The number of bonus shares is usually one share for a specified… …
22voting shares — Shares in a company that entitle their owner to vote at the annual general meeting and any extraordinary meetings of the company. Shares that carry voting rights are usually ordinary shares, rather than A shares or debentures The company s… …
23Windfall Shares — Shares given for free to insiders of a society, a firm or a company when that same society, firm or company is undergoing the process of demutualization. Windfall shares are often given to promote goodwill and to encourage the demutualization… …
24voting shares — Shares in a company that entitle their owner to vote at the annual general meeting and any extraordinary meetings of the company. Shares that carry voting rights are usually ordinary shares, rather than debentures. The company s articles of… …
25redeemable shares — Shares (either ordinary shares or preference shares) that the issuing company has the right to redeem, under terms specified on issue. Redemption may be funded from distributable profits or from a fresh issue of shares …
26Voting Shares — Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Different classes of shares, such as preferred stock, sometimes don t allow for voting… …
27Treasury shares — shares issued in the name of the corporation. The shares are considered issued, but not outstanding.Usually refers to stock that was once traded in the market but has since been repurchased by the corporation. Treasury stock not considered when… …
28fully paid shares — Shares where the whole of the issue price has been paid over by the shareholder and there is no further obligation to pay any additional money to the issuer. Dresdner Kleinwort Wasserstein financial glossary See also partly paid shares. Dresdner… …
29partly paid shares — Shares where the shareholder is still liable to pay an additional sum of money to the issuer when the outstanding amount is called by the directors. If the shareholder does not pay the outstanding amount, his share will be cancelled with no… …
30new shares — Shares recently issued by a company; these shares can usually be transferred on renouncable documents. Exchange Handbook Glossary …
