Bonus Issue


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Bonus Issue

The free distribution of new shares to existing shareholders. A bonus issue is most common when the issuer does not wish to increase its dividend when it is expected to do so, especially when it may be cash poor. Instead of the increased dividend, shareholders receive the additional shares. Shareholders receive the bonus issue in proportion to the number of shares they already own. A bonus issue is also called a scrip issue. See also: Antidilution Provision.
References in periodicals archive ?
The Bonus Issue is conditional upon the passing of the Special
The Company intends to announce the record and effective date for the bonus issue and stock split following the Annual General Meeting of the Company's shareholders to be held on June 11, 2010.
Three hours after Dow Jones broke the news, the company officially announced the bonus issue in an exchange announcement.
In order to give effect to the stock split and bonus issue, the Company expects to change the ADS-to-equity share ratio from one ADS representing one Rs.
After the stock split and bonus issue, each share of ` 10 will become four shares of ` 5 each and the total number of shares will go up from 2,139 million to 8,556 million.
It is believed that the government would push bankers in the country on the bonus issue ahead of the G20 meeting in September.
Progen's Chairman Stephen Chang said: "The primary purpose of the proposed bonus issue is to support Progen's growth strategy.
Possible Bonus Issue of Subscription Shares The Board
The Annual General Meeting approved the proposal of the Board of Directors that the Company's share capital be increased through bonus issue on the following terms and conditions:
Further to the Company's announcement on 29 January 2013, 23,254,813 Subscription Shares shall be allotted, subject to shareholder approval at a General Meeting on 18 April 2013 and listing on 19 April 2013, to Ordinary Shareholders on the register at the close of business on 16 April 2013, by way of a bonus issue on the basis of one Subscription Share for every five Ordinary Shares held at that date.
HELSINKI, Finland -- As the Annual General Meeting of Instrumentarium Corporation , held on March 25, 2002, approved the Board of Directors' proposal for a bonus issue, where the number of shares of the Company will double, the exercise price and the subscription ratio of the warrants in the warrant programs of 1998 and 2001 will be changed accordingly.
DUBLIN, Ireland -- ICON (NASDAQ: ICLR) (ISIN: IE0005711209), a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries, today announced that it has completed its bonus issue of ordinary shares (or ADSs).