Renounceable Right

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Related to renounceable: Renounceable Rights

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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The renounceable entitlement issue will take place shortly after the transaction is implemented so that shareholders of both Catalpa and Conquest can participate.
The newly prescribed disclosure and certifications requirements, as incorporated in the revised circular, are in line with the best international practices wherein renounceable right is categorized as public offers thereby requiring detailed disclosure synonymous to a prospectus.
2bn renounceable rights offering at a discount of 46.
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.
FULLY UNDERWRITTEN NON RENOUNCEABLE ENTITLEMENT ISSUE SHORTFALL
04 million in a renounceable rights issue that was fully underwritten by Patersons Securities Limited.
Release date- 14112009 - CAL Bank Ltd is pleased to announce the successful completion of its renounceable Rights Issue.
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.