Issued shares is a term of law and finance for the quantity of shares of a corporation, which have been allocated (allotted) and are subsequently held by shareholders. The act of creating new issued shares is called issuance, allocation or allotment. Allotment, in simplicity, is the creation of shares and their transfer to a subscriber. After allotment, a subscriber becomes a shareholder. The number of issued shares is a subset of the total authorized shares. It is that amount which the board of directors and/or shareholders have agreed to allocate. Issued shares are the sum of outstanding shares and treasury shares.
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Famous quotes containing the words issued and/or shares:
“There is hardly an American male of my generation who has not at one time or another tried to master the victory cry of the great ape as it issued from the androgynous chest of Johnny Weissmuller, to the accompaniment of thousands of arms and legs snapping during attempts to swing from tree to tree in the backyards of the Republic.”
—Gore Vidal (b. 1925)
“When the wind carries a cry which is meaningful to human ears, it is simpler to believe the wind shares with us some part of the emotion of Being than that the mysteries of a hurricane’s rising murmur reduce to no more than the random collision of insensate molecules.”
—Norman Mailer (b. 1923)