Treasury shares


Treasury shares
A company's own issued shares that it has bought but not cancelled where the purchase was financed out of the company's distributable profits. Only qualifying shares may be held in treasury (such as shares listed on the Official List of the UK Listing Authority; or traded on the AIM; or officially listed in a European Economic Area (EEA) state; or traded on a market in an EEA state which is a regulated market for the purposes of Article 16 of Council Directive 93/22/EEC on investment services in the securities field). The Companies (Acquisition of Own Shares) (Treasury Shares) Regulations 2003 (SI 2003/1116) (as amended) that govern what companies may do with treasury shares came into force on 1 December 2003.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Treasury shares — shares issued in the name of the corporation. The shares are considered issued, but not outstanding.Usually refers to stock that was once traded in the market but has since been repurchased by the corporation. Treasury stock not considered when… …   Financial and business terms

  • treasury shares — See treasury stock …   Black's law dictionary

  • treasury shares — noun stock that has been bought back by the issuing corporation and is available for retirement or resale; it is issued but not outstanding; it cannot vote and pays no dividends • Syn: ↑treasury stock, ↑reacquired stock • Hypernyms: ↑stock …   Useful english dictionary

  • treasury shares — Corporate stock which has been subscribed and paid for, but has thereafter been reacquired by the corporation by purchase, donation, forfeiture, or other means. 18 Am J2d Corp § 216 …   Ballentine's law dictionary

  • Treasury Stock (Treasury Shares) — The portion of shares that a company keeps in their own treasury. Treasury stock may have come from a repurchase or buyback from shareholders; or it may have never been issued to the public in the first place. These shares don t pay dividends,… …   Investment dictionary

  • Собственные акции, выкупленные у акционеров (TREASURY STOCK, TREASURY SHARES)  — Полностью оплаченный основной капитал, выкупленный владеющей им компанией посредством покупки, дарения, или иным способом, и доступный для перепродажи или аннулирования, при этом прибыль или убыток никогда не отражается. Сумма показывается как… …   Словарь терминов по управленческому учету

  • Shares outstanding — are common shares that have been authorized, issued, and purchased by investors. They have voting rights and represent ownership in the corporation by the person or institution that holds the shares. They should be distinguished from treasury… …   Wikipedia

  • Treasury stock — A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ( open market including insiders holdings). Stock repurchases are often used as a tax efficient …   Wikipedia

  • treasury stock — noun stock that has been bought back by the issuing corporation and is available for retirement or resale; it is issued but not outstanding; it cannot vote and pays no dividends • Syn: ↑treasury shares, ↑reacquired stock • Hypernyms: ↑stock * * * …   Useful english dictionary

  • treasury stock — Same as treasury shares …   Ballentine's law dictionary