renounceable letter of allotment
- renounceable letter of allotment
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Documents which evidence the right of the person named in them to have shares issued to him, subject only to the conditions on which the RLA is issued. They can be renounced over a given period in favour of a third party who then lodges the RLA with the company's registrars in order to have the shares registered in his name.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
Look at other dictionaries:
rights issue — an issuing of extra shares. A company may raise additional capital from its members as opposed to from the public at large by issuing extra shares; this is called a rights issue. See pre emption; pre emption clause. Collins dictionary of law. W.… … Law dictionary
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… … Financial and business terms
