Glossary

The difference between the price paid by a shareholder for a share and the share's nominal value, that is, the excess above the nominal value.

Privatisation is the process of transferring the ownership of a company or industry from the public to the private sector.

A prospectus is a formal document that details a financial security, such as stocks and bonds, intended for public offering. The aim of the prospectus is to help investors make more informed investment decisions.