Share Premium Account


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Share Premium Account

Capital raised in an issue of shares that exceeds the nominal value of the shares. The share premium account is recorded on the company's balance sheet and cannot be returned to shareholders as dividends.
References in periodicals archive ?
The Board decided, after examining the Management Board s recommendations, to propose at the June 24th Annual Shareholders Meeting, the distribution of 1 per share from the share premium account, with 0.
5 per cent compulsory convertible unsecured bonus stock bonds payable from share premium account.
855 million available in share premium account and remaining account from inappropriate profits of bank was utilized to issue Bonus shares.
Its subsidiary companies - Icebox Holdings, Icebox Midco and Ice Acquisitions - are looking to reduce their capital to pounds 1 each, and Holdings plans to cancel its share premium account.
Focus Solutions also said it had started the process of applying to the court for the cancellation of its share premium account, which will in turn make it possible to pay a dividend.
June 17 /PRNewswire-FirstCall/ -- SkillSoft PLC , a leading Software as a Service (SaaS) provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses, announced that it has received an Order of the High Court of Ireland pursuant to Section 74 of the Companies Act 1963 confirming the reduction of the share capital of SkillSoft PLC by the cancellation of the sum of $684,750,000 from its share premium account.
They said in a statement: "Sunderland Plc intends, subject to shareholders' approval being obtained, to implement a cancellation of the company's share premium account, to re-register as a private company and amend its articles of association.
Once the options are exercised and shares issued, the credit going to the share premium account could be increased to balance the debit.
HONG KONG -- Amax Entertainment Holdings Limited (SEHK:0959) ("Amax" or "the Company") today announced that at its Special General Meeting ("SGM") held on 19 September 2008, shareholders approved the Company's proposal to effect a Share Premium Cancellation that will allow Amax to cancel the entire credit amount of the Company's share premium account.
Due to the size of the Company's share premium account ($550.
19% higher on further consideration of the company's announcement, on Tuesday, that it is seeking approval to reduce its share premium account.
Costain has not paid a dividend since 1991 and is again omitting an interim payout following shareholder approval of a financial restructuring exercise involving the reduction of the share capital and the cancellation of the share premium account.