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Rights Issues
Rights Issues are Corporate Actions Events whereby a company seeks to increase its capital by issuing new securities.
Existing shareholders need to be given a chance to maintain their stake in the company to prevent dilution.
So, rights are credited to existing shareholders of a company.
Cross-ex trades result in claims and compensations.
The rights are securities just like shares and can be listed on a stock exchange.
Rights themselves are often tradable during a predetermined trading period.
Rights can be exercised to subscribe to new securities during the exercise period.
On the paydate of the event, the shareholder who exercised the rights will receive the resulting securities and will pay the company the exercise price per share.
Rights that were not exercised will lapse
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