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Bonus Issue |
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Bonus Issue An offer of free additional shares to existing shareholders. A company may decide to distribute further shares as an alternative to increasing the dividend payout. Also known as a "scrip issue" or "capitalization issue". Notes: New shares are issued to shareholders in proportion to their holdings. For example, the company may give one bonus share for every five shares held.How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Bozanich said that he questioned Garcetti privately about the Simpson bonus issue. In addition a proposal will be made to cancel shares held in treasury with a contemporaneous bonus issue without issuing new share of an amount equivalent to the reduction of share capital through the cancellation of shares. In order to make a quick procedure possible, the Board proposes that the company's share capital be restored through a bonus issue of SEK 400 million. |
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Bonus Issue
