pre-emption rights — Where a company proposes to issue new shares, existing shareholders may have the right to be offered a pro rata part of the new shares before they are offered to a new shareholder. The rights are contained either in the Articles of Association or … Law dictionary
Pre-emption Group Guidelines — Voluntary guidelines produced by representatives of listed companies, investment institutions and corporate finance practitioners. They relate to issues of equity securities for cash other than on a pro rata basis, setting out the extent to which … Law dictionary
pre-emption agreement — Standard document England, Wales A pre emption agreement for use where a buyer wants the opportunity to buy a property in the event of the seller deciding to dispose of it during an agreed period. It is drafted from the point of view of the buyer … Law dictionary
pre-emption clause — a clause usually found in the articles of private companies designed to restrict the opportunities of shares being sold outside a prescribed group of people. Essentially, the clause provides that no shares are to be transferred to any person who… … Law dictionary
pre-emption — 1. the right of buying before anyone else. 2. in international law, the right of a state to buy the property of another power in transit over its territory (or allow its own nationals to buy it). 3. in the USA, laws passed from 1841 onward… … Law dictionary
Pre-emption right — A pre emption right is a right to acquire certain property in preference to any other person. It usually refers to property newly coming into existence. A right to acquire existing property in preference to any other person is usually referred to … Wikipedia
pre-emption rights — When a UK company issues new shares, it is obliged by law to give existing shareholders the opportunity to purchase the new shares on a pro rata basis to their existing shareholding in the company. This right is usually implemented by means of a… … Financial and business terms
right of pre-emption — Also known as a right of first refusal. This is the right to be offered a property first, should the owner decide to dispose of it. Such a right may be agreed expressly between parties, or it may arise under statute. A right of pre emption will… … Law dictionary
statutory pre-emption rights — See pre emption rights. Related links pre emption rights Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
pre-emption rights — A principle, established in company law, according to which any new shares issued by a company must first be offered to the existing shareholders as the legitimate owners of the company. To satisfy this principle a company must write to every… … Accounting dictionary
