Pre-emptive right

简明释义

优先权

英英释义

例句

1.The pre-emptive right allows existing investors to maintain their ownership percentage in the company.

通过优先认购权，现有投资者可以保持他们在公司的所有权比例。

2.In many venture capital agreements, a pre-emptive right is included to protect investors from dilution.

在许多风险投资协议中，包含优先认购权以保护投资者免受股份稀释的影响。

3.Shareholders often have a pre-emptive right to purchase additional shares before they are offered to the public.

股东通常拥有优先认购权，可以在股票公开发行之前购买额外的股份。

4.The company issued a notice to all shareholders regarding their pre-emptive right to buy new shares.

公司向所有股东发出通知，告知他们关于购买新股的优先认购权。

5.Exercising the pre-emptive right can be an important strategy for maintaining control over a business.

行使优先认购权可能是维持对企业控制的重要策略。

作文

In the world of finance and corporate governance, understanding various rights and privileges is crucial for investors and shareholders alike. One such important concept is the Pre-emptive right, which plays a significant role in protecting existing shareholders from dilution of their ownership stake when new shares are issued by a company. This right allows current shareholders to purchase additional shares before the company offers them to outside investors. In essence, the Pre-emptive right serves as a safeguard for shareholders, ensuring they can maintain their proportional ownership in the company.When a company decides to raise capital by issuing new shares, it often does so to fund expansion, pay off debts, or invest in new projects. However, this action can inadvertently dilute the value of existing shares, leading to a decrease in the percentage of ownership that current shareholders hold. This is where the Pre-emptive right comes into play. By granting existing shareholders the opportunity to buy new shares before they are offered to others, companies can help mitigate the potential negative impact of dilution.The Pre-emptive right is typically outlined in a company's articles of incorporation or bylaws, and it may vary based on jurisdiction and specific company policies. This right is not automatic; shareholders must be aware of their entitlement and act within the specified time frame to exercise it. If they choose not to exercise their Pre-emptive right, they risk losing a portion of their ownership and voting power in the company.Moreover, the Pre-emptive right can also enhance shareholder loyalty and encourage long-term investment. When shareholders know they have the opportunity to maintain their stake in the company, they may be more inclined to support management decisions and remain invested in the company's future. This can lead to a more stable shareholder base, which is beneficial for the company's overall health and performance.However, there are also criticisms associated with the Pre-emptive right. Some argue that it can hinder a company’s ability to raise capital quickly, as the process of offering shares to existing shareholders can be time-consuming. Additionally, in some cases, large shareholders may use their Pre-emptive right to consolidate power, potentially sidelining smaller investors. This dynamic can create an imbalance in governance and decision-making within the company.In conclusion, the Pre-emptive right is a critical mechanism in corporate finance that protects existing shareholders from dilution and helps maintain their influence within the company. While it has its advantages and disadvantages, understanding this right is essential for anyone involved in investing or corporate governance. As businesses continue to navigate the complexities of capital raising, the Pre-emptive right will remain a relevant topic in discussions about shareholder rights and corporate strategy.

在金融和公司治理的世界中，理解各种权利和特权对投资者和股东至关重要。其中一个重要的概念是优先认购权，它在保护现有股东免受所有权份额稀释方面发挥着重要作用。当公司发行新股时，这项权利允许当前股东在公司将其提供给外部投资者之前购买额外的股份。实质上，优先认购权作为股东的安全保障，确保他们能够维持在公司的相对所有权。当一家公司决定通过发行新股来筹集资金时，通常是为了资助扩张、偿还债务或投资新项目。然而，这一行动可能会无意中稀释现有股份的价值，导致当前股东所持有的所有权百分比下降。这就是优先认购权发挥作用的地方。通过授予现有股东在新股提供给他人之前购买新股的机会，公司可以帮助减轻稀释的潜在负面影响。优先认购权通常在公司的章程或细则中列明，并且可能根据管辖区和特定公司政策而有所不同。这项权利并不是自动的；股东必须意识到他们的权利，并在规定的时间内采取行动来行使它。如果他们选择不行使自己的优先认购权，他们就冒着失去部分所有权和在公司中的投票权的风险。此外，优先认购权还可以增强股东的忠诚度，并鼓励长期投资。当股东知道他们有机会维持在公司的股份时，他们可能更倾向于支持管理层的决策，并继续投资于公司的未来。这可以导致一个更稳定的股东基础，这对公司的整体健康和表现都是有利的。然而，关于优先认购权也有一些批评意见。一些人认为，它可能会妨碍公司迅速筹集资金，因为向现有股东提供股份的过程可能耗时。此外，在某些情况下，大股东可能会利用其优先认购权来巩固权力，从而可能将小投资者排除在外。这种动态可能会导致公司内部治理和决策的不平衡。总之，优先认购权是企业金融中的一个关键机制，保护现有股东免受稀释，并帮助维持他们在公司的影响力。尽管它有其优缺点，但理解这一权利对于任何参与投资或公司治理的人来说都是至关重要的。随着企业继续应对资本筹集的复杂性，优先认购权将在有关股东权利和公司战略的讨论中继续成为一个相关的话题。