Share Purchase Right

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 ?
Pursuant to the Rights Agreement, the company will issue one preferred share purchase right for each outstanding share of the company's common stock to stockholders of record on the close of business on September 6.
The board of GCP Applied Technologies Inc., Cambridge, Mass., has adopted a stockholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of company common stock.
(Nasdaq: INSG), a global provider of software-as-a-service (SaaS) business intelligence solutions, Internet of Things (IoT) and mobile technology, has announced that its board of directors has adopted a net operating loss (NOL) rights plan and declared a dividend distribution of one Preferred Share Purchase Right on each outstanding share of company common stock, the company said.
In connection with the Plan, the company entered into a Rights Agreement and Tax Benefits Preservation Plan dated December 8, 2017, with its transfer agent, Computershare Trust company, N.A., and declared a dividend distribution of one preferred share purchase right for each outstanding share of the company's common stock to holders of record as of December 19, 2017.
It also declared a dividend distribution of one preferred share purchase right for each outstanding share of the company's common stock to holders of record as of December 19, 2017.
Human Genome Sciences Inc (NASDAQ:HGSI) on Thursday announced that its board of directors has adopted a Stockholder Rights Plan and declared a dividend of one share purchase right for each share of the company's common stock held of record at the close of business on 29 May 2012.
One ordinary share purchase right will be distributed on August 26, 2011, with regard to each ordinary share of the company's outstanding at the close of business on that date.
The board of directors of Maxim declared a dividend of one preferred share purchase right for each outstanding share of common stock to be issued to shareholders of record on June 22, 2000.
The plan, called a preferred share purchase right, would go into effect if any one buyer attempted to take hold of 20% of the company's shares.
Francesca's Holdings Corporation announced that its Board of Directors unanimously adopted a Rights Agreement and declared a dividend of one preferred share purchase right on each outstanding share of the Company's common stock, par value 1c per share following the Board's evaluation and consultation with the Company's advisors.
The firm said that its board of directors adopted a plan to issue one preferred share purchase right on each share of the company's ordinary shares issued and outstanding at the close of business on April 28, 2014.