Allotted Shares

Allotted Shares

In underwriting, the shares that each underwriting firm in a syndicate receives or buys. Each firm has the responsibility to place its allotted shares with investors.
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Also, notice of the allotment of shares subscribed for without subscription rights will shortly be sent out to those who have been allotted shares.
However, due to the election to apply disclosure exemptions permitted under FRS 101, the Company is required to notify all shareholders of this election and any shareholder or shareholders holding in aggregate 5% or more of the total allotted shares in the Company may object.
The others include those that were allotted shares by these companies in preferential allotment and pre-IPO placements, and those that funded the purchase of such shares.
Both companies allotted shares to the investing public last week following heavy overssubsubscription.
Class "C" is made up of non-African financial institutions, export credit agencies and private investors and Class "D" is a category under which any person or entity can be allotted shares.
The newly allotted shares will start trading on Sunday 28 July, and the excess funds and interest have been returned to subscribed shareholders.
The newly allotted shares will start trading on July 28, and the excess funds and interest have been returned to subscribed shareholders, a company statement said.
The allotted shares are not freely transferable among the members of a Pvt.
This facility will be made available to all original individual investors who have been allotted shares up to Rs50,000 in the IPO.
Earlier, in case of oversubscription, those with the highest bid were allotted shares proportionately.
The Bank pointed out that each shareholder has the right to subscribe at a number of allotted shares, which will be calculated depending on the number of shares owned by him/her on the subscription date.
It is so in the case of the verdict just received: 3 months status quo and division of the allotted shares among the parties.