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.
-CATALPA RESOURCES LTD. - KEY INSTITUTIONAL INVESTORS SUPPORT MERGER AND CAPITAL RAISING
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.
New Zealand : Van Eyk Three Pillars buys up ING pub fund
The company has also raised another AUD174m from the institutional component of a renounceable entitlement offer.
Riversdale Mining completes AUD102m institutional share placement
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.
IBA Health Successfully Raises A$145.4 Million Through Rights Issue

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