i think thats incorrect mate, they are both called rights issues
renounceable rights issue non-renouncebale rights issue
he key term is rights issue as it is based on your holding of shares at a determined date and you entitlement stems from that right.
the SPP you refered to above is completely different in that it is usally an entitlement to subscribe to more shares but is usually non-dependant on your actual holding ie; you many only hold $500 worth of shares but be able to subscribe for a higher amount of shares ie $5000 worth.
witha rights issue there is a set limit which is dependent on your actually holding ie; this one is 2 news shares for every 15 held.
regards Davo
AXM Price at posting:
16.2¢ Sentiment: Buy Disclosure: Held
