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Yes, you can opt for 'No action'.
There are 4 choices shareholder can make when rights issue are being offered:
1. Fully subscribe
2. Partially subscribe
3. Sell rights share to 3rd party.
4. No action.
Rights issue secretarial compliance which is carried out to allocate shares to existing shareholders.&nb...
Wazzeer Professional Network
ProfessionalCan I reject a rights issue offered by a company I am part of?
-
Wazzeer Professional Network
ProfessionalYes, you can opt for 'No action'.
There are 4 choices shareholder can make when rights issue are being offered:
1. Fully subscribe
2. Partially subscribe
3. Sell rights share to 3rd party.
4. No action.Rights issue secretarial compliance which is carried out to allocate shares to existing shareholders. If a rights issue is not fully subscribed, the company then has the freedom to offer the balance shares to the general public.
8 months ago
View answer
Can I reject a rights issue offered by a company I am part of?
-
Wazzeer Professional Network
ProfessionalYes, you can opt for 'No action'.
There are 4 choices shareholder can make when rights issue are being offered:
1. Fully subscribe
2. Partially subscribe
3. Sell rights share to 3rd party.
4. No action.Rights issue secretarial compliance which is carried out to allocate shares to existing shareholders. If a rights issue is not fully subscribed, the company then has the freedom to offer the balance shares to the general public.
8 months ago
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