Share Purchase Right

(redirected from Share Purchase Rights)

Share Purchase Right

A right attached to some shares giving the shareholder the ability to buy more shares of the same stock at a given price. It is similar to a stock option, but is distributed to existing shareholders rather than bought and sold. However, share purchase rights may be traded like any other option.
References in periodicals archive ?
today announced that its Net Operating Loss ("NOL") Shareholder Rights Plan (the "Rights Plan") has been amended to accelerate the expiration date of the related preferred share purchase rights to April 6, 2017, effectively terminating the Rights Plan as of today.
NASDAQ: AIRT) has voted to amend Air T's stockholder rights plan to terminate the preferred share purchase rights, the company said.
In connection with the expiration of the rights plan, Netflix will be taking routine actions to voluntarily deregister the related preferred share purchase rights under the Securities Exchange Act of 1934, and to delist the preferred share purchase rights from NASDAQ.
The preferred share purchase rights are not intended to prevent or discourage a takeover and the Board of Directors would carefully consider a fully financed offer for all of the Company's shares.
The preferred share purchase rights would only be activated if triggered by the plan.
AMEX: SSY), announced today that its Board of Directors unanimously adopted a Shareholder Rights Plan in which preferred share purchase rights will be distributed to shareholders of the Company as a dividend at the rate of one Right for each Common Share held as of the close of business on February 10, 2004.
UAC further announced that, upon the effective date of the Plan of Reorganization, UAC's Shareholders' Rights Plan originally adopted in 2001, will be deemed rejected and all related share purchase rights will terminate.
The preferred share purchase rights will replace similar purchase rights that were distributed pursuant to the Shareholder Rights Plan adopted in 1992, which will expire on December 23, 2002.
Nasdaq:SOFN) has declared a dividend distribution of one Preferred Share Purchase Right on each outstanding share of SoftNet common stock pursuant to a Preferred Share Purchase Rights Plan.
This action defers the date on which the preferred share purchase rights previously distributed to holders of Interstate's common stock separate from the shares of common stock and become exercisable.
Geron Corporation (Nasdaq:GERN) announced that its Board of Directors approved the adoption of a Share Purchase Rights Plan under which all stockholders of record as of July 31, 2001 will receive rights to purchase shares of a new series of Preferred Stock.
1% share tender; b) the financing contingency; c) the requirement that Meridian's "poison pill" preferred share purchase rights be redeemed by Meridian; and d) the need for insurance regulatory approval.