Can anyone tell me why companies tend to always do NON Renounceable Rights issues as opposed to Renounceable rights.
I fell somewhat ripped off. I bought STN years ago for more than double the recent prices and because I don't have funds to take my allocation, I will be forced into dilution as a reward for being a long time loyal shareholder.
Sort of sucks big time, surely any further expense would be nominal.
Ann: Rights Issue Offer Document, page-2
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