renounceable letters of allotment

renounceable letters of allotment
renounceable letters of allotment (RLAs)
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. . 2010.

См. также в других словарях:

  • renounceable letter of allotment — renounceable letters of allotment (RLAs) 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… …   Law dictionary

  • RLA — renounceable letters of allotment (RLAs) 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… …   Law dictionary

  • RLAs — renounceable letters of allotment (RLAs) 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… …   Law dictionary


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