Allotted Shares

Allotted Shares

In underwriting, the shares that each underwriting firm in a syndicate receives or buys. Each firm has the responsibility to place its allotted shares with investors.
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Such an acceleration entails that participants, to a certain extent, are allotted shares or employee stock options already during the current year and, thus, social security and other costs will arise.
These shares will be distributed to eligible shareholders who meet the distribution conditions of keeping 50 percent of the allotted shares at the time of the IPO and according to the mechanisms set forth in the company's IPO prospectus," he said.
These shares will be distributed to eligible shareholders who meet the distribution conditions of keeping 50% of the allotted shares at the time of the IPO and according to the mechanisms set forth in the company's IPO Prospectus," al-Sulaiti continued.
Institutional applicants will be allotted shares on a pro-rata basis, whereas retail applicants may be allotted fewer shares than the initial minimum retail allocation of 15,000 shares.
Furthermore, applicants allotted shares in the IPO will be eligible to any dividends distributed by the company for the full year ended 31 December 2018.The company has also appointed Sico to provide price stabilization and market making services from the start of trading on the Bahrain Bourse.
The others include those that were allotted shares by these companies in preferential allotment and pre-IPO placements, and those that funded the purchase of such shares.
Both companies allotted shares to the investing public last week following heavy overssubsubscription.
Class "C" is made up of non-African financial institutions, export credit agencies and private investors and Class "D" is a category under which any person or entity can be allotted shares.
The newly allotted shares will start trading on Sunday 28 July, and the excess funds and interest have been returned to subscribed shareholders.
The allotted shares are not freely transferable among the members of a Pvt.
This facility will be made available to all original individual investors who have been allotted shares up to Rs50,000 in the IPO.
Earlier, in case of oversubscription, those with the highest bid were allotted shares proportionately.