Ceuta border fence Ceuta border fence The Ceuta border fence forms part of the Morocco–Spain border at Ceuta, a city on the North African coast. Constructed by Spain, its purpose is to prevent smuggling and to stop migrants from entering Europe. Morocco objected to the construction of the barrier since it does not recognize Spanish sovereignty in Ceuta. Ceuta is an integral part of Spain, and therefore of the European Union; its border and its equivalent in Melilla are the only two land borders between the European Union and an African country. The fence consists of parallel 6 metre (20-foot) fences topped with
Issued shares shareholders have agreed to allocate. Issued shares are the sum of outstanding shares held by shareholders; and treasury shares are shares which had been issued but have been repurchased by the corporation, and which generally have no voting rights or rights to dividends. The issued shares of a corporation form the equity capital of the corporation, and some corporations are required by law to have a minimum value of equity capital, while others may not need any or just a nominal number. The value of the issued shares are determined at the time they are issued and the value does