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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Release date- 14112009 - CAL Bank Ltd is pleased to announce the successful completion of its renounceable Rights Issue.
The LOI above also contemplates the Company undertaking a 2:1 renounceable rights issue at $0.0125 per share to raise up to approximately $60.3 million.
Standard Chartered Bank Ghana, a unit of Standard Chartered Bank Plc (LSE: STAN) (STD.DE) (OTC: SCBFF) (HKG: 2888), has announced a GHC48m renounceable rights issue of 1,655,172 ordinary shares, valued at GHC29.00 per share.
Perth, Australia, Oct 4, 2012 - (ABN Newswire) - Further to the dispatch of the Company's Prospectus for a Renounceable Rights Issue, the Board of Northern Mining Limited (ASX:NMI) is pleased to provide you with a brief Company update, including a current map of its East Kalgoorlie Project tenements in Western Australia.
RHB Capital said that it will fund the proposed acquisition via a renounceable rights issue of 361.1 million shares at MYR3.60 per share.
Perth, Australia, Mar 13, 2012 - (ABN Newswire) - The Directors of the Resource Mining Corporation Limited (ASX:RMI) are pleased to advise that the Renounceable Rights Issue closed on 7 March 2012 with Eligible Shareholders taking up 28% of the Rights Issue.