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 Glossary   >   R   >   "Renounceable documents" Definition   

        Renounceable documents

Documents which provide temporary evidence of ownership of unregistered shares. These include a company"s offer of shares to the public, a rights issue and a capitalisation or scrip issue. In each case instructions are given regarding action to be taken if the holder requires to have the shares registered in his/her name or if it is required to renounce them in favour of another person.

Renounceable documents


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Renounceable documents - Documents which provide temporary evidence of ownership of unregistered shares. These include a company"s offer of shares to the public, a rights issue and a capitalisation or scrip issue. In each case instructions are given regarding action to be taken if the holder requires to have the shares registered in his/her name or if it is required to renounce them in favour of another person.


Renounceable documents : documents which provide temporary evidence of ownership of unregistered shares. these include a company"s offer of shares to the public, a rights issue and a capitalisation or scrip issue. in each case instructions are given regarding action to be taken if the holder requires to have the shares registered in his/her name or if it is required to renounce them in favour of another person.