Non Renouncement rights purely means the rights you are allotted/entitled to (1:15) is not trade-able (E.g. code LCKN).
A Renouceable rights issue means before the close date of the offer you can trade your rights (1:15 allotment) to somebody else so they may participate in the offer.
The shares that are issued by taking up the offer are ranked equally and function like normal fully paid ordinary shares.
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Ann: Oversubscribed Rights Issue, page-24
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---|---|---|
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Price($) | Vol. | No. |
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48 | 97139103 | 0.002 |
21 | 100805000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 12743103 | 19 |
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