Shares in uranium miner Bannerman Resources dropped 15.3 per cent on news it initiated
a discounted share purchase plan to raise up to $ 2 million.
Rare earths miner Lynas Corporation has raised about $ 40 million minus costs through a heavily
discounted share purchase plan and placement.
Not exact matches
There were 5.9 million participants in such
plans in 2012; 3) Employee Share Purchase Plans, which allow employees to buy company stock at a disc
plans in 2012; 3) Employee
Share Purchase Plans, which allow employees to buy company stock at a disc
Plans, which allow employees to buy company stock at a
discount.
Shares under the retail
share purchase plan will be issued at the lower of $ 3.335 (which represents the placement price less the final dividend) or a 6.4 per cent
discount to the average price in the five days until Monday.
Using DRIPs in a
discount brokerage account is also impractical if you own a small number of
shares, and direct stock -
purchase plans strike me as a lot of paperwork for a new investor to manage.
Publicly traded companies often times offer their employees an ownership
share of the company through stock
purchase plans at a
discount price.
Because the
plan is allowed to
purchase shares at a
discounted price on the offer date and the
purchase date, the
plan participant may be somewhat insulated from the down market during this time.
Some offer
discounted stock
purchase plans, stock options, or
shares of stock to employees.
Some companies encourage participation in their dividend reinvestment
plans by offering a small
discount on
shares purchase through the
plan.
Stock
purchase plan: a program that allows investors to
purchase a company's
shares directly, without a brokerage, and often at a
discount
Rights
plans (i.e. poison pills) usually provide that in the event of a hostile bid all security holders (except for the bidder) are entitled to
purchase additional
shares at a deep
discount.