Ex-New

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Related to ex new: deus ex machina

Ex-New

The sale of a stock in which the buyer does not receive the right to take advantage of a coming bonus issue or the right to receive a warrant that has been announced but not distributed. These rights remain with the seller. In other words, an ex-new sale is both ex-scrip and ex-warrant.
References in periodicals archive ?
Former winners include former South African President Nelson Mandela, Boomtown Rats singer Bob Geldof, ex New York Mayor Rudi Giuliani and former President of the United States of America, Bill Clinton.
Ex New Brighton man Marcus Coast was a key player for the winners.