The amount by which the amount received by a company for a stock issue exceeds its face value.
reduction of share capital or share premium account
Example sentencesExamples
- The telecom giant announced on Wednesday that it would seek shareholder approval to wipe out its entire share premium account balance at the end of 2003 in a capital reduction exercise.
- None of this is evidence that the share premium is set to decline as investors and unit-trust managers jump into the market.
- The share premium reduction exercise is conditional on shareholder approval.
- That, we submit, when one reads that with paragraph 67, is really no different to a company having a share premium account, or a reserve account.
- ‘These costs have not been recognised and will be charged to the share premium account,’ said the prospectus.