rights issue, page-7

Many people may be under the misinterpretation that if you don't want to take up your rights you have to sell them to get any benefit.

However if you don't take up the rights and do nothing, the number of rights that were not excercised will be effectively auctioned off (via book build) to whomever wants them and the holders will get a cheque for the amounts bid.

The amount received will obviously be contingent on the shareprice towards the end of the month but I'd think you'd get more for them by waiting than selling them.