DEFINITION OF 'NON-RENOUNCEABLE RIGHTS'
An offer issued by a corporation to shareholders to purchase more shares of the corporation (usually at a discount). Unlike a renounceable right, a non-renounceable right is not transferable, and therefore cannot be bought or sold.
INVESTOPEDIA EXPLAINS 'NON-RENOUNCEABLE RIGHTS'
Issuing more shares dilutes the value of outstanding stock. But because the rights issue allows the existing shareholders to buy the newly issued stock at a discount, they are compensated for the impending share dilution - the compensation the rights issue gives them is equivalent to the cost of share dilution. However, shareholders who do not take exercise the rights by buying the discounted stock will lose money as their existing holdings will suffer from the dilution.
- Forums
- ASX - By Stock
- AVR
- Ann: Trading Halt
Ann: Trading Halt, page-61
-
-
- There are more pages in this discussion • 150 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$12.22 |
Change
0.740(6.45%) |
Mkt cap ! $258.3M |
Open | High | Low | Value | Volume |
$11.50 | $12.25 | $11.49 | $395.2K | 33.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100 | $11.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.22 | 127 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 11.700 |
1 | 500 | 11.600 |
1 | 1000 | 11.560 |
2 | 270 | 11.000 |
1 | 25 | 10.990 |
Price($) | Vol. | No. |
---|---|---|
12.400 | 500 | 1 |
12.500 | 429 | 1 |
12.850 | 1000 | 1 |
13.000 | 2000 | 1 |
13.200 | 1000 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
AVR (ASX) Chart |