renouncable documents

renouncable documents
On the London Stock Exchange, temporary evidence of ownership, of which there are 4 main types. When a company offers shares to the public, it sends an allotment letter to the successful applicants; if it makes a rights issue, it sends a provisional allotment letter to its shareholders, or in the case of a capitalisation issue, a renounceable certificate. All of these are in effect bearer securities and are valuable. Each includes full instructions on what the holder should do if he/she wishes to have the newly issued shares registered in his/her name, or if he/she wishes to renounce them in favour of somebody else. Exchange Handbook Glossary

Financial and business terms. 2012.

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Look at other dictionaries:

  • renouncable documents — Documents that provide evidence of ownership, for a limited period, of unregistered shares. An allotment letter (see allotment) sent to shareholders when a new issue is floated is an example. Ownership of the shares can be passed to someone else… …   Big dictionary of business and management

  • ДОКУМЕНТЫ НА ПЕРЕДАЧУ ПРАВА СОБСТВЕННОСТИ — (renouncable documents) Документы, подтверждающие временное право собственности на незарегистрированные акции. Примером может служить уведомление о распределении (cм.: распределение ценных бумаг (allotment), направляемое держателям акций при… …   Словарь бизнес-терминов

  • allotment letter — See renouncable documents Exchange Handbook Glossary * * * allotment letter allotment letter ➔ letter …   Financial and business terms

  • new shares — Shares recently issued by a company; these shares can usually be transferred on renouncable documents. Exchange Handbook Glossary …   Financial and business terms

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