Выражение встречается в следующем контексте:THe Oversubsription Rights will be allocated among those oversubscribing holders of rights pro rata based on the number of shares held by each oversubscribng holder in the company,

Заранее спасибо Luba

Попробую изложить свои мысли: акционеры наделяются правами на приобретение акций дополнительной эмиссии, однако не все акционеры эти права используют; те же из них, которые воспользовались своим правом на приобретение дополнительных акций, могут подписаться на бумаги акционеров, отказавшихся от реализации своих прав (пропорционально имеющимся у них акциям). Т.е. это права на дополнительную, "сверх"-подписку. Но вот я не уверена в том, что это можно назвать превышением лимита. С моей точки зрения, oversubscribing holders of rights - акционеры, заявившие о желании приобрести неразмещенные акции новой/дополнительной эмиссии. Пожалуй, у меня все. :-)

Вот только если клич бросить: 'More! Tollmuch (слабая надежда, но все же :-) )

The Subscription Rights

We are offering 400,000 common shares in a non-preemptive rights offering.
Common shareholders of record as of 5:00 p.m., local time on December 22, 2003
may buy one additional common share at a price of $2.00 per share for every two
common shares owned of record by them on that date. Fractional shares will not
be sold, but shareholders may round any such fraction up to a full share.
Shareholders also may subscribe for less than the maximum number of shares
allocated to them. The subscription rights are not transferable.

The Right to Subscribe for Shares Offered in the Rights Offering will Expire at
5:00 p.m. Local Time on , 2004

Shareholders who exercise their subscription rights in full may oversubscribe
for additional rights offering shares. To the extent that not all of the shares
offered in the rights offering are sold through the basic subscription
privilege, any excess shares will be allocated to those shareholders who have
elected to oversubscribe. However, we reserve the right to reject, in whole or
in part, any oversubscriptions. In determining whether to accept or reject any
oversubscription, we may take into account, among other things, the order in
which subscriptions were received; a subscriber's potential to do business with,
or to direct customers to, AmericasBank; our desire to have a broad distribution
of stock ownership and legal or regulatory restrictions.

To the extent that there are not sufficient shares available in the rights
offering to satisfy all oversubscriptions that we accept, we will allocate the
excess shares among such oversubscriptions. This allocation will be based upon
the ratio that the number of shares owned on the record date by each
oversubscriber that we accept bears to the number of shares owned on the record
date by all of the oversubscribers that we accept. We will refund with interest
any oversubscribed amounts that are not used to purchase shares within 10 days
following the closing of the rights offering.

Shareholders who oversubscribe but who are not able to purchase all shares that
they wish to purchase in the rights offering may seek to purchase shares in the
public offering at the public offering price through McKinnon &