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Issue certificate

Issue certificate

An issue certificate is proof of the right to receive new securities in a share issue, such as new shares.

What is an issue certificate?

An issue certificate (Swedish: emissionsbevis) is proof of the right to receive new securities in a share issue. Examples are subscription right certificates (teckningsrättsbevis), which show a right to subscription rights, and bonus share right certificates, which show a bonus share right. They are mainly used in kupongbolag, companies outside a central securities depository.

 

Issue certificates and the share ledger

When the right is exercised, holdings change. Once the issue has been registered with Bolagsverket, the new shares must be entered in the share ledger so the ownership picture is accurate.

Record share issues
Henrik Kristensen, NVR
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Related terms

Share issue

A share issue is when a limited company issues new securities, usually shares, to raise capital.

Subscription right

A subscription right is the right to subscribe for new shares in a rights issue.

Bonus share right

A bonus share right is an existing shareholder's right to receive new shares in a bonus issue in the company.

Interim certificate

An interim certificate is temporary proof that newly subscribed shares are paid but not yet registered.