• 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.
Teaching Children the Financial Facts of Life: Showing the importance of saving, spending wisely and sharing with others More...
It is not good enough to have a good mind; the main thing is to use it well. - Rene Descartes
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