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Oversubscription privilege

• In a rights issue, arrangement by which shareholders are given the right to apply for any shares that are not taken up.

• Provides for distribution of shares for which rights were not exercised to interested shareholders on a pro rata basis at the stated subscription price.

 
 Embedded terms in definition
 Basis
Distribution
Issue
Rights
Right
Shareholders
Shares
Subscription price

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It is not good enough to have a good mind; the main thing is to use it well. - Rene Descartes

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