SUBSCRIPTION WARRANTS. 5.1 (a).1Subscription warrants are issued by a listed company and give holders the rights to buy the underlying shares of such company. They are either attached to new shares sold in initial public offerings, or distributed together with declared dividends, bonus shares or rights issues. Subscription warrants are valid between 1 and 5 years. Upon exercise, the underlying company will issue new shares and deliver them to the warrant holders.
Appears in 5 contracts
Samples: Securities Account Agreement, Securities Account Agreement, Client Securities Account Agreement
SUBSCRIPTION WARRANTS. 5.1 (a).1Subscription warrants are issued by a listed company and give holders the rights to buy the underlying shares of such company. They are either attached to new shares sold in initial public offerings, or distributed together with declared dividends, bonus shares or rights issues. Subscription warrants are valid between 1 and 5 years. Upon exercise, the underlying company will issue new shares and deliver them to the warrant holders.
Appears in 3 contracts
Samples: Client Securities Account Agreement, Client Securities Account Agreement, Client Securities Account Agreement
