A rights issue is when a company offers existing shareholders the opportunity to buy newly issued shares, usually at a discounted price. The number of rights you receive is based on how many shares you already hold.
There are two types of rights:
Renounceable rights: These can be:
Exercised – you buy the new shares
Sold on market during the offer period
Allowed to expire if you choose not to participate
Non-renounceable rights: These can only be exercised. You can't transfer or sell them on market. If you don’t act by the deadline, they’ll lapse automatically.
If you’d like to take up rights from an issue – whether you received them or bought them on market – you’ll need to contact the relevant share registry before the application period closes.
You can find the registry details through one of these methods:
Company Website: Navigate to the "Investor Relations" or "Shareholder Information" section of the company's official website.
ASX Website: Search for the company's code on the official ASX website. The registry details are usually listed on the company information page.
Comments
0 comments
Article is closed for comments.