11.   No redeemable shares can be issued at a time when there are no issued shares of the company which are not redeemable.

12.   If the consideration is securities in the bidder, the shares are usually issued to a trustee to hold on behalf of the untraceable shareholders.

13.   Where the bidder proposes to issue consideration shares, loan stock or debenture stock which are to be listed it may need to prepare listing particulars.

14.   However, this will not be necessary if the bidder already has in place from its last AGM an authority to issue sufficient shares for the rights issue.

15.   Demand from investors will determine how many new shares are issued, although Pittencrieff said yesterday it will retain a majority stake.

16.   Among the worries is that Enron will end up having to issue new shares of stock to cover commitments associated with those entities.

17.   Among the incentives the new OTC section offered was the opportunity to issue shares even if a company is in the red --something no other exchange permits.

18.   Amstrad shares have more than doubled in the past year, making it cheaper to issue new shares for acquisitions.

19.   Analysts said Tuesday that the murder seemed certain to derail any immediate plans to issue shares.

20.   Analysts said investors were nervous that NTL might have to issue more shares to finance the acquisition of Cablecom.