Bearer share

Bearer share

Security not registered on the books of the issuing corporation and thus payable to possessor of the shares. Negotiable without endorsement and transferred by delivery, thus avoiding some of the control associated with ordinary shares. Dividends are payable upon presentation of dividend coupons, which are dated or numbered. Applies mainly to international equities.

Bearer Stock

A stock that contains no ownership information and whose physical bearer is presumed to be the owner. Bearer stocks may be bought and sold without endorsement. They are quite rare.
References in periodicals archive ?
Because each ADR represents one-fortieth of one bearer share, holders will be entitled to receive the U.
The work of launderers is facilitated by weaknesses in the regulatory framework, notably the existence of bearer share corporations, but more importantly by uneven enforcement of anti-money laundering measures and the weak judicial system, which is susceptible to corruption and favoritism.
AIXTRON believes that a more transparent shareholder structure and the potential cost savings in the medium term, compared to the present Bearer Share structure, is to the long term benefit of shareholders.
Deripaska currently holds one bearer share in Strabag.
88) per bearer share at the Annual General Meeting taking place on April 12, 2005.
Each adidas-Salomon ADR represents one-half of one bearer share of adidas-Salomon's common stock.
4 million - Gross dividend per bearer share of CHF 10 or $7.
Given the strength of the first quarter 2006 results, Serono now raises its outlook for 2006 earnings per bearer share to $45.
A 2011 law prevents new businesses from issuing bearer shares of stock.
RTL Group, the leading European entertainment network, today announced that it has appointed ING Luxembourg as depositary for its unregistered bearer shares to comply with the law of 28 July 2014 regarding the immobilisation of bearer shares in Luxembourg.