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Direct Registration System

   Also found in: Acronyms, Wikipedia 0.07 sec.
Direct Registration System
A system that allows shareholders to hold stock in book-entry form registered in their name on the books of the company. At any time, the shareholder may request a certificate which will be provided free of charge. Shareholders have the option to sell shares either through the company (or its transfer agent) or through a broker. The advantage to the shareholders is that they can directly participate in company or transfer agent sponsored plans that are usually only available to registered shareholders, while still maintaining the a tie to their brokers.


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5(2)3 of NI 45-102 has required that the certificate representing the security, or an ownership statement issued under a direct registration system or other electronic book-entry system, carry the prescribed legend.
As we continue to grow and increase our shareholder base, we wanted to engage a transfer agent that had the infrastructure and expertise for helping the company move to the future environments that include the Direct Registration System (
The proposals approved and adopted by the Unit Holders included amendments (i) permitting a direct registration system, (ii) allowing the Trustee to sell up to 1% of the value of the royalty in any twelve-month period if the Trustee determines the sale to be in the best interests of the Unit Holders, (iii) concerning electronic voting and (iv) addressing permitted investments.
 
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