rights issue

Also found in: Dictionary, Thesaurus, Financial, Wikipedia.

rights issue

an issuing of extra shares. A company may raise additional capital from its members as opposed to from the public at large by issuing extra shares; this is called a rights issue. See PRE-EMPTION.

Mentioned in ?

References in periodicals archive ?

According to the company, proceeds from the rights issue will mainly be used to finance the further clinical development of KL1333 and preparing for the start of clinical phase II efficacy study of NeuroSTAT, as well as to the company's other drug development projects in pre-clinical phase.

NeuroVive Pharmaceutical's board resolves on rights issue for continued drug development

The rights issue is a financial instrument representing the rights that are legally granted to the company's shareholders to have priority in subscribing for the company's capital increase shares that will be issued.

DFM: Trading of Al Ramz Corporation Investment and Development rights issue from 25/10 to 7/11 2016

11 crore shares after the completion of rights issue offering.

India : SBT secured Board Approval to float a rights issue to raise new funds

Taking this into consideration, as well as the costs of complying with the legal requirements and the requirements of the regulatory authorities relating to the shareholders with registered addresses in various jurisdictions outside of Australia, New Zealand, the Hong Kong SAR and the Cayman Islands, the Company has formed the view that it is unreasonable to extend the Rights Issue to those shareholders who do not reside in Australia, New Zealand , the Hong Kong SAR and the Cayman Islands.

Platina Resources Limited (ASX:PGM) (OTCMKTS:PTNUF) Non-Renounceable Rights Issue - Prospectus

Shareholders' approval is still required, with a vote on the rights issue expected to be held on February 17.

Doha Insurance to seek shareholders' nod for QR436.7mn rights issue

According to the Telegraph, the denial comes as RBS seeks to defend itself and four former directors from a GBP4bn shareholder lawsuit and dismisses claims from investors, including Prudential and Standard Life, that it undertook the rights issue at the behest of the Financial Services Authority (FSA).

RBS denies that GBP12bn rights issue in 2008 was imposed by City regulator

The 185-page prospectus for the rights issue also disclosed that it would have to pay PS100m in refunds to about 300,000 customers after maKing errors in personal loan paperworK.

BANK SHARES ISSUE GETS MAJOR BACKING

This means that if the rights issue were to be set immediately, the discount versus the market price would be almost the same.

-China Merchants Bank closer to completing rights issue

It was headed by chairman Marwan Boodai, who told reporters that "this rights issue is of strategic importance for the company and will help fund future growth plans as well as close current high-interest commitments.

Rights issue from Jazeera Airways

Saudi Fransi Capital confirmed that the receiving banks had received subscription applications for in excess of 632 million shares by the close of the rights issue offer period, representing demand of SR6.

Zain KSA rights issue fully subscribed

The board has approved an underwriting syndicate of existing shareholders and other investors that will subscribe the rights issue by NOK60m.

-Norwegian PSI's chief executive voices optimism about rights issue

TV), a company engaged in the exploration and extraction of oil and natural gas based in Israel, has announced that its board of directors has approved a rights issue to raise capital up to USD32.