English version

rights issue

From Longman Dictionary of Contemporary English
Related topics: Stocks & shares
rights issueˈrights ˌissue noun [countable] 🔊 🔊 British English technicalBFS an offer of company shares at a cheaper price than usual, to people who own some already
Examples from the Corpus
rights issueCash of nearly £7m was generated internally and a rights issue raised £3.2m last June.Peace and stability in the international system, Kissinger reminds us, is also a human rights issue.Page 19 Waste rights: Caird, the waste disposal group, is raising £34.5m through a two-for-one rights issue.Kingfisher is calling on shareholders for as much as £313 million in a two-part rights issue to part finance the deal.A previous rights issue in 1991 raised some £25 million and helped the company buy up development land at bargain prices.
From Longman Business Dictionaryrights issueˈrights ˌissueFINANCE an occasion when a company makes new shares available to existing shareholders. The new shares are usually cheaper than the current value of the existing sharesThe company plans to raise A$322 million through a 1-for-5 rights issue. issue
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