Scrip Issue definition

Scrip Issue means the process of creating new shares which are given free of charge to existing shareholders.
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Examples of Scrip Issue in a sentence

  • If an Investment Trust makes a bonus issue or Scrip Issue of shares, we will credit your Plan with the shares allotted to you.

  • Although it will assess the level of future dividends based on circumstances at the time, the Board currently expects that the 2008 Scrip Issue will amount to approximately £43.4 million.The Board also reconfirms its stated dividend policy that, in normal circumstances, it will target a dividend cover of between 2.0 to 2.5 times based on underlying profits.

  • Each Shareholder will have the same percentage interest in the issued share capital of the Company as he had immediately before the issue of the Scrip Shares, and the value of each holding of Shares is not expected to be affected by the Scrip Issue.

  • Paragraph (b) of the Scrip Resolution authorises the Directors to capitalise, the share premium account and to deal with fractional entitlements as they see fit for the purposes of giving effect to the Scrip Issue.

  • The Board reserves the right not to pay an interim dividend or to take the necessary action to give effect to the Scrip Issue if it considers such action would not be appropriate or in the best interests of the Company or Shareholders.

  • As a consequence of the Scrip Issue, all current options and awards granted under the Share Schemes may, where permitted by the rules of the Share Schemes, need to be restated to reflect the Scrip Issue.

  • Other than in respect of the interim dividend for the financial year ending 31 December 2008, the payment of the Company’s dividends will not be affected by the Scrip Issue.

  • The number of Scrip Shares which a Shareholder will be entitled to on the Scrip Issue will be calculated by dividing the aggregate amount of the 2008 interim dividend that the Company would have paid by the closing middle-market share price per Share on the Dealing Day prior to the announcement of what that interim dividend would have been, on a pro rata basis.

  • GeneralThere will be no suspension of dealings and the register of members of the Company will not close for the purposes of implementing the Scrip Issue.

  • For the purposes of CGT, the Scrip Issue should be regarded as a reorganisation of the share capital of the Company.

Related to Scrip Issue

  • Top-Issue means issues and/or failures identified and prioritized jointly by SAP and Licensee in accordance with SAP standards which (i) endanger Go-Live of a pre-production system or (ii) have a significant business impact on a Production System.

  • Common Issue means: Did the Settling Defendants conspire to fix, raise, maintain, stabilize, control, or enhance unreasonably the prices of currency purchased in the FX Market?

  • Ballot issue means a question that has been approved to be placed before the voters or is otherwise required by law to be placed before the voters. “Ballot issue” does not include the nomination or election of a candidate.

  • Right Issue means an offer of shares open for a period fixed by the directors to holders of shares of the Company or any class thereof on the register on a fixed record date in proportion to their then holdings of such shares or class thereof (subject to such exclusions or other arrangements as the directors may deem necessary or expedient in relation to fractional entitlements or having regard to any restrictions or obligations under the laws of any relevant jurisdiction or the requirements of any recognized regulatory body or any stock exchange).”

  • Overissue means the purported issuance of:

  • Outstanding Issue means the number of Shares that are outstanding (on a non-diluted basis) immediately prior to the Share issuance or grant of Option in question.

  • Rights Issue means an offer of Shares open for a period fixed by the Directors to holders of Shares whose names appear on the register of members of the Company on a fixed record date in proportion to their then holdings of such Shares (subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to fractional entitlements or having regard to any restrictions or obligations under the laws of, or the requirements of any recognised regulatory body or any stock exchange in, any territory applicable to the Company).”

  • Issue “register”, “surrender”, “transfer” or “cancel” refer to applicable entries or movements to or within DRS/Profile.

  • Test Issue means any variance or non-conformity of the Services or Deliverables from their requirements as set out in the Call Off Contract;

  • Settlement Classes means all Persons included in the Electrolytic Settlement Classes and the Film Settlement Classes.

  • Original Issue means an issue of Securities deposited pursuant to Section 2.1 or any Substitute Securities purchased to replace any Original Issue which have become Failed Securities.

  • Event Issue Value means, with respect to any Common Unit as of any date of determination, (i) in the case of a Revaluation Event that includes the issuance of Common Units pursuant to a public offering and solely for cash, the price paid for such Common Units, or (ii) in the case of any other Revaluation Event, the Closing Price of the Common Units on the date of such Revaluation Event or, if the General Partner determines that a value for the Common Unit other than such Closing Price more accurately reflects the Event Issue Value, the value determined by the General Partner.

  • First Issue Date means the date on which the Issuer issues a Series of Covered Bonds for the first time pursuant to the Programme;

  • Discount Fraction With respect to each Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the Discount Net Mortgage Rate. The Discount Fraction with respect to each Discount Mortgage Loan is set forth as an exhibit attached to the Series Supplement.

  • Index Cancellation means in respect of an Index, the Index Sponsor in respect of that Index permanently cancels such Index and no Successor Index is designated.

  • Original Issue Discount Securities means any Securities that are initially sold at a discount from the principal amount thereof and that provide upon an Event of Default for declaration of an amount less than the principal amount thereof to be due and payable upon acceleration thereof.

  • Series B Original Issue Price means with respect to the Series B Preferred Shares, an amount per share equal to US$1.43854 (subject to appropriate adjustment in the event of any share dividend, share split, combination or other similar recapitalization affecting the outstanding Series B Preferred Shares).

  • Series B Original Issue Date means the date on which the first share of Series B Preferred Stock was issued.