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 Issued shares Issued shares is a term of law and finance for the number of shares of a corporation which have been allocated (allotted) and are subsequently held by shareholders. The act of creating new issued shares is called "issuance", "allocation" or "allotment". Allotment is simply the creation of shares and their transfer to a subscriber. After allotment, a subscriber becomes a shareholder, though usually that also requires formal entry in the share registry. The number of shares that can be issued is limited to the total authorized shares. Issued shares are those shares which the board of directors and/or