| Events |
Description |
| GENERAL EVENTS |
| COMPANY MEETING (V) |
AGM - Annual General Meeting of shareholders is held once a year, usually after the end of the financial year. EGM - Extraordinary General Meeting. CGM - Court Ordered Meeting. SGM - Special General Meeting. GM - General Meeting. BHM – Bond Holder’s Meeting |
| ANNOUNCEMENT (V) |
An intent of the company to have Corporate Action that may affect the shareholder’s value. It may or may not materialize into an event. |
| CALL (V) |
The issue price of a security in an offer (e.g. Rights, IPO, further offerings, etc.) is split in such a way that the shareholders have to pay the issue price in installments. Until the company receives the full issue price the security remains as partly paid. A call is a demand to pay an installment. |
| CLASS ACTIONS (only for US) (V) |
Disclosure by a company for any significant lawsuit filed against the company. |
| LISTING STATUS CHANGE (M) |
Change in the Listing Status of a security, namely Suspension, Delisting or Resumption of trading. All securities are assumed to be traded unless the listing status is changed. |
| STATIC DATA CHANGE EVENTS |
| INTERNATIONAL CODE CHANGE (M) |
A change in any of the international codes in the system. The international code for a security will be common across countries. |
| LOCAL CODE CHANGE (M) |
Any changes in the local code in the system. Local codes are Exchange specific. |
| SEDOL CHANGE (M) |
Change in the SEDOL code. |
| FINANCIAL YEAR CHANGE (M) |
Change in accounting year-end of the company. |
| INCORPORATION CHANGE (M) |
Change in the country of incorporation of the issuer. |
| ISSUER NAME CHANGE (M) |
Change in the name of the issuer. |
| LOT CHANGE (M) |
Changes in minimum trading lot/size of the security. |
| REGISTRAR CHANGE (M) |
Change in the registrar of a security. |
| REGISTRAR DETAILS CHANGES (M) |
Change in contact details of the registrar. |
| REGISTERED OFFICE CHANGE (M) |
Change in the registered office address of the company. |
| SECURITY DESCRIPTION CHANGE (V) |
Change in the description of the security. |
| PAR VALUE CHANGE (M) |
It is not a true event but an alert that the Par Value has changed as a consequence of other events. These events can include: Sub-division, Consolidation, Capital Reduction, Currency Re-denomination, Par Value Re-denomination. |
| CAPITAL CHANGE EVENTS |
| SUB DIVISION/STOCK SPLIT (M) |
Reduction in the Face/Nominal Value of the security. Company’s Equity Capital remains the same but the shares in issue increases. It is the opposite of Consolidation. |
| CURRENCY REDENOMINATION (M) |
Change in security’s capital currency (e.g. French Franc to Euro). This may also result in a Par Value change. |
| PAR VALUE REDENOMINATION (M) |
Write up or write down of the Par Value where the shares outstanding remain the same but Equity Capital changes. |
| BANKRUPTCY (M) |
When a company’s net worth goes below the country’s stipulated guideline. There could be several stages in the Bankruptcy process. Hence, one sees several announcements over a period of time. The end result of Bankruptcy could be revival, sale, re-organization, liquidation, etc. |
| BONUS ISSUE/ CAPITALISATION (M) |
Issue of free shares to the shareholders by capitalizing the reserves of the company. Security being issued can be an instrument other than Equity Share. |
| BONUS RIGHTS (M/V) |
A Bonus Issue with tradable rights attached. Effectively, a mixture of Bonus and Rights. |
| BUY BACK/ REPURCHASE OFFER (V) |
Offer by the company to purchase its own securities from the company’s reserves. The securities bought back from the company are subsequently canceled. |
| CAPITAL REDUCTION (M) |
Writing off of the existing Equity Capital of a company by either reducing the Par Value and/or by cancelling a certain number of shares or capital. If a cash payment is involved, then it is described as Return of Capital. |
| ENTITLEMENT/ OPEN OFFER (V) |
Non-renounceable & non-tradable issue of shares. It is the right to purchase new shares at the specific price. The allotment of shares will usually be in the same company. |
| LIQUIDATION (M) |
A process by which a bankrupt company is sold off as per the Liquidators’ guidelines. The shareholders of the company may receive payment from the liquidation proceeds. |
| RIGHTS (V) |
Rights Issue is an offer to existing shareholders to subscribe to further securities in proportion to their holding, at a fixed price, made by means of the issue of a renounceable letter which may be traded for a period before payment for securities is due. The allotment of shares will usually be in the same company. |
| CONSOLIDATION/REVERSE STOCK SPLIT (M) |
Increase in the Face/Nominal Value of the security. Company’s Equity Capital remains the same but the number of shares in issue reduces. Opposite of Sub-division. |
| DISTRIBUTION/DISTRIBUTION IN SPECIE (M) |
Issue of free shares of Company B to the shareholders of company A. There is no transfer of operations/assets of company A to Company B. The shareholder continues to have shares in both companies, A and B. Hence, the event is distinct from De-merger or Bonus. |
| DIVIDEND (M) |
Distribution of a company's profits for a given period to the shareholders in cash and/or stock. |
| ASSIMILATION (M) |
Absorption of a new issue of shares into the parent shares. The original shares, normally issued mid year, did not rank for full year's dividend (Non Pari Passu) while the parent share is entitled to full year's dividend. Upon assimilation, the assimilated shares rank Pari Passu with the parent share. |
| RETURN OF CAPITAL (M) |
The company decides to return a portion of the equity capital in form of cash. It is often a result of Capital Reduction. |
| DEPOSITORY RECEIPT CHANGE (M) |
Changes in the ratio or underlying security of the Depository Receipt. |
| SECURITIES EXCHANGE EVENTS |
| CERTIFICATE EXCHANGE (M) |
Physical exchange of existing certificates for another set of certificates. This may be done in case of Sub-division, Lot Change, Name Change, Exchange of one type of security for another type of security. |
| DEMERGER/ SPIN OFF (M) |
Separation of a portion of company A’s operations/assets into Company B. Shareholders of Company A receive free shares of Company B. |
| MERGER (M) |
Coming together of two or more companies to form a new company. Shareholders of all the old companies have to exchange their holding for shares of the new company. The original companies cease to exist. |
| NEW LISTING (M) |
It is when a security lists onto an Exchange for the fist time. |
| PREFERENTIAL OFFER (V) |
Offer to the shareholders of Company A to buy securities of Company B on a preferential basis. This offer is a reserved portion of a Public Offer of company B. Both companies are normally part of the same group. |
| PURCHASE OFFER (V) |
Company A has managerial control of Company B. Company A decides to increase its stake in Company B by offering to buy shares from the shareholders of the Company B. Company B will continue to exist. |
| SECURITY RECLASSIFICATION (M) |
A company reclassifying Security A as Security B or exchanging one security for another. Hence, it happens within the company. E.g. Bearer Shares to Registered Shares. This event is distinct from Security Swap. |
| SECURITY SWAP (M) |
An exchange of securities of company A with those of company B. E.g.: Hong Kong companies changing to Bermudan companies prior to the British hand-over to China. |
| TAKEOVER/ AMALGAMATION (V/M) |
Company A takes over the managerial control of Company B. Both companies may continue to exist. A Take-over may result in a Compulsory Acquisition if the country’s trigger limit of minimum public shareholding is breached. |
| PREFERENTIAL EVENTS |
| CONVERSION TERMS (M/V) |
Details of individual conversion of preference share. |
| REDEMPTION TERMS |
Details of individual Redemption of preference share. |
| WARRANT EVENTS |
| BASKET WARRANT CONSTITUENT CHANGE (M) |
Changes in the constituents or shares in basket of the Basket Warrant. |
| BASKET WARRANT TERMS CHANGE (M) |
Changes in the terms of the Basket Warrant. |
| WARRANT EXERCISE CHANGE (M) |
Changes in Warrant Exercise Options |
| WARRANT TERMS CHANGE (M) |
Changes in the terms of a Warrant. |
| UNCLASSIFIED EVENTS |
| ARRANGEMENT (V/M) |
General term referring to any complex reorganisation of a company, its capital or a group of companies. |
| DIVESTMENT (V) |
One or more shareholders of a company offering whole or part of its holding to the existing shareholders of the company at a price. |
| SHARES OUTSTANDING EVENTS |
| SHARES OUTSTANDING (M) |
The shares of a corporation's stock that have been issued and are in the hands of the public. |
