Ex-Bonus

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Ex-Bonus

Describing the sale of a stock in which a bonus issue that has been announced but not distributed remains with the seller. That is, the buyer does not receive the bonus when it is distributed even though she owns the stock. A bonus in this context is a free issue of shares given by the issuing company to current stockholders. This is also called ex-capitalization or ex-scrip.
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DavePhillipsmadeadecent enough colour commentator, although the ex-cap did grate when he kept banging on about Toshack needing to make a change when his subs were already all used up.
Ex-cap Ian Beven said: "I know a lot of local guys who have worked their guts out trying to fight their way into the side.
And they host a Hull Stingrays side spearheaded by ex-Caps ace Silverthorn who has already bagged 16 goals and 25 assists this season.