A bonus share is a free share of stock given to current shareholders in a company, based upon the number of shares that the shareholder already owns. While the issue of bonus shares increases the total number of shares issued and owned, it does not change the value of the company. Although the total number of issued shares increases, the ratio of number of shares held by each shareholder remains constant.
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“When writers meet they are truculent, indifferent, or over-polite. Then comes the inevitable moment. A shows B that he has read something of B’s. Will B show A? If not, then A hates B, if yes, then all is well. The only other way for writers to meet is to share a quick pee over a common lamp-post.”
—Cyril Connolly (1903–1974)