Rights issue: Difference between revisions
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imported>Doug Williamson (Aligned with course materials - added link to Initial public offering) |
imported>Doug Williamson (Classify page.) |
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Revision as of 06:53, 23 August 2019
A process of issuing new equity shares where they are offered first to existing shareholders in proportion to their existing shareholding.
Existing shareholders have, under law in the UK, pre-emption rights.
This means that they generally have first refusal on the purchase of any new equity shares.