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Share Market Terms , Definition and Meaning - Alphabetical LISTING - A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, Y, Z
Book Closure Before a company declares a dividend or issue bonus or rights shares, it closes, its register of members for a certain period, from one wee to a month, during which no transfer of shares is registered. Only those shareholders whose names appear on the registrar after the book closure are eligible to receive dividends and bonus shares and entitlement to rights shares. After the book closure shares are quoted ex-dividend, ex-bonus (if bonus has been announced) or ex-rights (if announced) prices, which carry xd, xb and xr after the figures. Dates of book closure are announced in financial newspapers and journals. When buying shares it is prudent to ask the broker what the book closure dates are. Delay in lodging share transfer forms with the company may sometimes result in the loss or dividends, rights, or bonuses.
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Share Market Terms , Definition and Meaning - Alphabetical LISTING - A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, Y, Z
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