rights issue

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Rights Offering

In stock, the ability of a shareholder to maintain the same percentage of ownership in a company should the company issue more stock by buying a proportional number of shares at or below the market price. This protects the investor from devaluation of his/her shares if the company decides to hold a round of financing. The purchase of this proportional number of shares usually takes place before the new issue is offered to the secondary market, and must be exercised before a certain date (known as the expiration date) if the shareholder is to maintain the same percentage of ownership. Rights offerings or issues are also called subscription rights or simply rights. See also: Anti-dilution provision.

rights issue

the issue by a JOINT-STOCK COMPANY of additional SHARES to existing SHAREHOLDERS at a price which is generally a little below the current market price. Rights are issued to existing shareholders in proportion to their existing shareholdings, and shareholders can sell their rights if they do not wish to subscribe for extra shares. Compare CAPITALIZATION ISSUE.

rights issue

the issue by a JOINT-STOCK COMPANY of additional SHARES to existing SHAREHOLDERS at a price that is generally a little below the current market price. Rights are issued to existing shareholders in proportion to their existing shareholdings, and a shareholder can sell his or her rights if he or she does not wish to subscribe for extra shares. Compare CAPITALIZATION ISSUE.
References in periodicals archive ?
Shareholders' approval is still required, with a vote on the rights issue expected to be held on February 17.
2 million rights issue as well as a 20 percent stake sale to Qatar Holding, a unit of sovereign wealth fund Qatar Investment Authority.
The funds raised by the Rights Issue will be used for funding drilling and completion costs to earn a 90% interest in Backreef-1, exploration costs including CSG & Shale Gas assessment, advancing Native Title negotiations in Canning Basin permit 5/07-8 EP, and general working and administrative capital.
In accordance with the ASX Listing Rules, the Company has decided that the Rights Issue will not be extended to shareholders with registered addresses outside Australia or New Zealand as the Company has formed the view that it would be unreasonable to extend the offer in such a way having regard to:
6 billion raised through rights issues in the previous year when a fall in the region's stock markets undermined plans for wider capital raising through secondary share issues.
Under the terms of the rights issue, the average investor with 374 will have to pay pounds 409.
Interracial intimacy most clearly became a civil rights issue when black GIs serving abroad during and after World War II sought to marry and bring home their European sweethearts.
Panin Insurance itself will offer its third rights issues of 231.
The tool kit includes model projects, a list of PBS programs that address human rights issues and complementary teaching resources.
Human Rights 101 launched in October 2003 with a seminar for students and their faculty advisors from tri-state New York area high schools designed to encourage discussion and exploration of local, national, and global human rights issues.
With news headlines full of reports on human rights issues around the world and in our own backyard, students struggle to grasp global concerns and ask themselves what they can do.

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