cash box vendor placing
A method of raising cash from the issue of equity securities which is characterised for Companies Act 1985 purposes as a vendor placing; the non-cash assets which are acquired are preference shares in a special purpose subsidiary whose only material asset is cash, provided on a subscription of shares by an investment bank. The investment bank is able to finance its commitment to fund the subscription price on the preference shares out of the proceeds of the vendor placed equity securities.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • vendor placing — A method of using shares to fund an acquisition by allotting shares in the purchaser to the vendors in exchange for shares in the target (or other assets) so falling within the exemption to the Companies Act 1985 pre emption rights requirements… …   Law dictionary

  • cash box placing — United Kingdom A method of raising cash from the issue of equity securities which is characterised for Companies Act 2006 purposes as an issue for non cash consideration. A cash box structure allows an issuer to issue new shares under the… …   Law dictionary

  • rights issue — an issuing of extra shares. A company may raise additional capital from its members as opposed to from the public at large by issuing extra shares; this is called a rights issue. See pre emption; pre emption clause. Collins dictionary of law. W.… …   Law dictionary

  • subsidiary — sub·sid·i·ary /səb si dē ˌer ē, si də rē/ n pl ar·ies: a company having the majority of its stock owned by another company compare affiliate ◇ The parent company of a subsidiary generally has the same policy making powers as any majority owner… …   Law dictionary

  • preference shares — have preferred rights that rank ahead of ordinary shares. The rights are commonly (1) a dividend of fixed percentage of their nominal value payable annually on set dates, often cumulative (i.e. if not paid the dividend is carried forward Easyform …   Law dictionary

  • preference share — a special type of share in a company, which has the characteristic that it confers an entitlement to a specified percentage rate of dividend that is payable in priority to the claims of ordinary shareholders. A company s share capital may be… …   Law dictionary

  • subsidiaries — subsidiary A company which is controlled by another company (its holding company). Under section 736 of the Companies Act 1985, whether or not one company is a subsidiary of another depends effectively on whether the other company: • Holds a… …   Law dictionary

  • Bulk vending — is the sale of unsorted confections, nuts, gumballs, toys and novelties (in capsules) selected at random and dispensed generally through non electrically operated vending machines. Bulk vending is a separate segment of the vending industry from… …   Wikipedia

  • List of confidence tricks — This list of confidence tricks and scams should not be considered complete, but covers the most common examples. Confidence tricks and scams are difficult to classify, because they change often and often contain elements of more than one type.… …   Wikipedia

  • computer — computerlike, adj. /keuhm pyooh teuhr/, n. 1. Also called processor. an electronic device designed to accept data, perform prescribed mathematical and logical operations at high speed, and display the results of these operations. Cf. analog… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.