JAMB - Commerce (2021 - No. 4)
A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is the
pre-emptive right
over-subscription right
ex-dividend right
shareholders right
Shpjegimi
A preemptive right is the right of existing shareholders in a corporation to purchase newly issued stock before it is offered to others.