Bearer share

Bearer share

Security not registered on the books of the issuing corporation and thus payable to possessor of the shares. Negotiable without endorsement and transferred by delivery, thus avoiding some of the control associated with ordinary shares. Dividends are payable upon presentation of dividend coupons, which are dated or numbered. Applies mainly to international equities.

Bearer Stock

A stock that contains no ownership information and whose physical bearer is presumed to be the owner. Bearer stocks may be bought and sold without endorsement. They are quite rare.
References in periodicals archive ?
Bearer shares are authorized if the bearer share certificates are retained in the protected custody of persons or financial institutions authorized by the Minister of Finance.
In an effort to fight money laundering, the amendments include the abolition of bearer share and the creation of a consortium of companies working in the field of securities.
Vincent and the Grenadines government requires registration and custody of bearer share certificates by a registered agent who must also keep a record of each bearer certificate issued or deposited in its custody.
52 shares of its common stock for every one bearer share in Bluehill ID.
Under the terms of the deal, Infranor's shareholders will get one new Perrot Duval bearer share with a par value of CHF50.
84) in cash for each no-par value bearer share it received from of the minority shareholders in the target.
Deripaska currently holds one bearer share in Strabag.
Numerous factors hinder the fight against money laundering, including the existence of bearer share corporations, a lack of collaboration among government agencies, lack of experience with money laundering investigations and prosecutions, inconsistent enforcement of laws and regulations, and a weak judicial system susceptible to corruption and favoritism.
AIXTRON believes that a more transparent shareholder structure and the potential cost savings in the medium term, compared to the present Bearer Share structure, is to the long term benefit of shareholders.
The work of launderers is facilitated by weaknesses in the regulatory framework, notably the existence of bearer share corporations, but more importantly by uneven enforcement of anti-money laundering measures and the weak judicial system, which is susceptible to corruption and favoritism.
The base offering consists of 40 million existing ordinary bearer shares held by DWS's sole shareholder, DB Beteiligungs-Holding GmbH, a 100% subsidiary of Deutsche Bank and corresponds to 20 percent of DWS's existing share capital.
The bearer shares could be used to transfer assets completely anonymously and were favorite tools among money launderers.