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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39 million based on the indicative issue price of 10 sen per renounceable rights share.
Earlier on Dec 23, MAHB shareholders had granted approval for the purchase of the stakes and had also given their approval for the renounceable rights issue of 275.
IEF shareholders are being asked to take part in a two-for-one pro-rata renounceable rights issue as part of a range of initiatives being undertaken by the fund to reduce debt levels.
Sydney, Australia, June 29, 2007 - (JCN Newswire) - IBA Health Limited (ASX: IBA) - Australia's largest listed eHealth company, today announced today that following the closing of its 2 for 5 renounceable rights issue, acceptances were received for 137,726,782 New Shares.
MELBOURNE, Australia -- Benitec Ltd (ASX:BLT), a world leader in RNA-based gene silencing for human therapeutics, today announced its fully underwritten AU$8 million renounceable rights issue, incorporating an entitlement offer and a shortfall offer, had successfully closed oversubscribed.
The Prior Announcement advised that the Company was contemplating undertaking a renounceable rights issue on the basis of 2 new shares for every 1 share held at a price of AUD$0.
Release date- 14112009 - CAL Bank Ltd is pleased to announce the successful completion of its renounceable Rights Issue.
The sales were made pursuant to the Prospectus dated 2nd September 2009, originally used for the Company's Renounceable Rights Issue that closed on 6th October 2009.
According to MAHB, during its Extraordinary General Meeting (EGM) held on Tuesday, shareholders have sanctioned the renounceable rights issue of 275.
The LOI above also contemplates the Company undertaking a 2:1 renounceable rights issue at $0.
DE) (OTC: SCBFF) (HKG: 2888), has announced a GHC48m renounceable rights issue of 1,655,172 ordinary shares, valued at GHC29.
MELBOURNE, Australia -- On 25 March 2009, Avexa (ASX:AVX) announced a pro-rata renounceable rights issue to eligible shareholders on the basis of one (1) new share for every two (2) shares held at the Record Date of 7.