For interest for those that didn't really know what all the long words mean (like me).........;
An entitlement issue which is non-renounceable means that the issue cannot be traded on to someone else. The shareholder being offered shares through an entitlement issue has the option of taking up the offer or allowing it to lapse.
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- Ann: Non Renounceable Rights Issue Prospectus
Ann: Non Renounceable Rights Issue Prospectus , page-4
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