For example, a private company goes public and its formerly unlisted shares are now traded on a stock exchange.

He said that, without the extension, shareholders had fears over holding unlisted shares.

By the end of last year, the market value of its unlisted shares were 2.0 billion crowns.

Put £95 behind the bar and you get a couple of unlisted shares, a birthday beer, and some discounts.

Holdings of unlisted shares must not account for more than 15 per cent of total investment.

All private foundations will be subject to the excess business holdings regime in respect of both publicly-listed and unlisted shares.

Examples of variable items are property, plant, equipment, listed and unlisted shares, inventory, foreign exchange, etc.

Unlisted shares are always tax-exempt, meaning there is no qualification time or minimum holding of votes or capital.

• unlisted shares of a Canadian corporation.

Other unlisted shares, and all listed shares, held on March 18, 2007 will continue to be subject to the transitional excess corporate holdings rules.

They are suspected of earning huge profits by obtaining unlisted shares of the company and selling them after they were released on the market.

Investment real estate is extremely difficult to value, whereas listed shares and publicly offered unlisted shares have their market value determined on a daily basis.

This enables companies to grant options over unlisted shares without waiting for SAV to agree the market value of the shares first.

"This isn't a market," complained one such trader, Le Hung, as he clutched a bag full of unlisted shares that he hoped to sell.

- The market for unlisted shares is warming and liquidity has been boosted with trading focused on shares in banks and real estate companies.

Two markets operated: the Official List and the Over-The-Counter Market (for unlisted shares).

"This issue incorporates new estimates for households holding of unlisted shares and other equity in other private non financial corporations," the statistician drily noted.

Case law trustees deemed to make disposal at market value but can elect in the case of unlisted shares to "hold over" for gift of business asset.

Further, exempt shares include certain shares held by a private foundation as of March 18, 2007 that are not listed on a designated stock exchange ("unlisted shares").

Mr. Shikiba and Mr. Hasegawa were arrested for allegedly receiving bribes by accepting unlisted shares.

Between them, the 13 politicians reportedly received 115,000 unlisted shares in Recruit Cosmos, a Recruit subsidiary, one month before it went public in October 1986.

They are fine for blue-chip shares, say, because there are always buyers in the market, but less so for property or other financial assets such as unlisted shares.

Adding the ability for its hedge fund, pension fund and mutual fund clients to trade unlisted shares pits Liquidnet against private exchanges such as SecondMarket.

This exemption does not, however, extend to unlisted shares in a particular corporation through which the foundation has, directly or indirectly, an interest in shares of a public corporation.