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Renounceable Right

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Renounceable Right
A right attached to a security that one may buy or sell separately from that security. The right is usually the ability to buy more shares in a publicly-traded company at a discount, especially after a new issue of stock that would otherwise dilute the stockholder's holding. If one sells a renounceable right, its buyer receives this ability. It differentiates from a nonrenounceable right, which always must remain attached to the security with which it was originally issued.


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2bn renounceable rights offering at a discount of 46.
Haier's investment is part of a 189 million dollar capital raising exercise, which also includes a 143 million dollar pro-rata renounceable rights issue at 41 cents a share.
23 /PRNewswire-FirstCall/ -- Reference is made to the Sappi Limited audited annual financial statements for the year ended 30 September 2008 which were published on 4 December 2008, for the purposes of making them available in connection with the renounceable rights offer of 286 886 270 ordinary shares of R1,00 which was being conducted by Sappi at the time.
 
 
 
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