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Ex-Rights

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Ex-rights
Shares of stock that are trading without rights attached.

Rights Off
Describing the sale of a share without any rights attached to it. That is, any rights that may be attached to the share remain with the seller. It is also called ex-rights and contrasts with rights on. See also: Rights offering, Ex-dividend.

ex-rights
Used to describe a stock that trades without giving the stockholder the privilege to receive rights to buy shares of a new stock issue. Because new shares are sold at below market price to rights holders, the rights have value. Thus, a stock trading ex-rights is worth less than the same stock with rights attached. A stock trading ex-rights is indicated in stock transaction tables in newspapers by the symbol x near the volume column. Also called rights off. Compare rights on. See also rights offering.


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net (Staff Writer) The 9-for-20 rights issue is likely to be priced at a 30-40 per cent discount to the theoretical ex-rights share price.
Shareholders voted yesterday to approve the group's pounds 4 billion cash call, with the right to buy the new discounted shares beginning today and existing shares going ex-rights.
 
 
 
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