preemptive right


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preemptive right

n.
The right of a company's existing stockholders to purchase enough shares to maintain their overall ownership percentage in the event of a new stock issue.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun 1. preemptive right - the right granting to shareholders the first opportunity to buy a new issue of stock; provides protection against dilution of the shareholder's ownership interest
preemption, pre-emption - the right to purchase something in advance of others
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations
신주인수권
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References in periodicals archive ?
The doctrine of preemptive right proved to be a two-edged sword regarding Indian land rights.
Buying America from the Indians: Johnson v. McIntosh and the History of Native Land Rights
The preemptive right lasts till February 26, 2013, and we recommend using it in order to get more liquid shares of RysHydro.
RMG - RusHydro sets prices of assets to be swapped for additional shares, Jan 29, 2013
Alternatively, I would have preferred that the government take its government-inspired "toxic assets" off (off!) of Merrill's books, infuse capital and give us shareholders a preemptive right to invest new capital at the same terms.
What to do with bank of America stock?
Furthermore, even if an agreement provides for issuance of a specified number of shares, rather than a percentage of the business, and does not contain an anti-dilution provision, the employee might nonetheless have a "preemptive right" to maintain his/her ownership interest in the business.
Use caution in issuing new stock. (Legal Issues)
Mitsui, which owns 40% of CAEMI's voting shares and is a key player in the Brazilian iron ore market, has the preemptive right to match BHP's reported offer to buy the Brazilian mining company at 322ドル million.
Mitsui to decide on Brazil mining group sale
last year, but was thwarted by ANZ, which owned the other 50% and had the preemptive right to buy News Corp.'s stake for itself.
LEAD: SIA buys 16.7% stake in ANZ, upping share to 25%
or a preemptive right in the nature of a right of first refusal in gross with respect to an interest in land ...
Perpetuities perpetuated: Symphony Space, Inc. v. Pergola Properties, Inc
These convertible bonds may, with deviation from the shareholders' preemptive right, only be subscribed for by Inhye Kim.
Anoto reports on EGM held on 12 January 2017
The cut-off date for implementing the preemptive right to purchase shares was on May 17.
RMG - OGK-2 will place new shares at R0.45, Sep 14, 2012
Let one point be very clear that exporting cotton, yarn, and unprocessed cloth support Pakistan's competitors, whereas the value adding units have the preemptive right on the locally produced raw material.
RETAINING SHARE IN GLOBAL TEXTILE TRADE - LOST COMPARATIVE ADVANTAGE HAS TO BE RESTORED AT THE EARLIEST
Current shareholders will have a preemptive right to subscribe in proportion to their holdings.
Company Watch - Finnair

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