Share Purchase Right

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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 would only be activated if triggered by the plan.