Share Purchase Right

(redirected from Share Purchase Rights)

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 ?
(NASDAQ:SVA) ("Sinovac" or the "Company"), a leading provider of biopharmaceutical products in China, today provided an update for shareholders with regards to the exchange (the "Exchange") of preferred share purchase rights (the "Rights") for the Company's Common Shares and Series B Convertible Preferred Shares (the "Exchange Shares"), originally announced on February 22, 2019, by press release.
In connection with the expiration of the preferred share purchase rights, Air T will take routine actions to voluntarily deregister the preferred share purchase rights under the Securities Exchange Act of 1934, and to delist the preferred share purchase rights from the NASDAQ Stock Market.
In accordance with the terms of the confidentiality agreement, j2's wholly owned subsidiary is withdrawing its tender offer for all of the outstanding shares of common stock of Carbonite (including the associated preferred share purchase rights), which was set to expire on March 30, 2015.
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 original rights plan has issued preferred share purchase rights, in the form of a dividend, to each common shareholder of record on July 10, 2001.
CIRCUIT CITY STORES' board of directors last week ordered the redemption of all outstanding preferred share purchase rights under its shareholder rights plan.
It invests primarily in a portfolio of lower-rated, income-producing debt and related equity securities that are rated below investment grade or which are not rated and considered to be of comparable quality, as well as related equity securities like common stocks, warrants or share purchase rights that are attached to or accompany such debt securities.
affiliate, 10,028,724 shares of the company's stock (approximately 96.5% of the outstanding stock), together with the associated preferred share purchase rights, for a price of USD 10.00 per share in cash, other than the Steel Shares.
The offer, of USD 80.00 per share in cash (including associated preferred share purchase rights), makes the deal worth around USD 9.1bn.
Aware said that in accordance with the terms and conditions of the tender offer, it has accepted for purchase 3,500,252 shares of its common stock, including the associated preferred share purchase rights, at a purchase price of USD2.50 per share, for a total cost of USD8,750,630, excluding fees and expenses relating to the tender offer.