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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
 by Andrew McHattie   Rating: ISBN-10: 027303751X

 

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Name - Cambridge Shopping Centres Ltd
Website -
Symbol - CBG.RT
Cusip Number -  132509 13 4
Expiry Date - October 13 1993
News Releases

1993-09-13 12:42 ET - Rights Offering

Holders of common shares of record as at the close of business September 22 1993, will be granted of one right for each share held at which time the rights will be posted for trading on a when issued basis.

Basis of offering: Nine rights and $70 are required to subscribe for five additional shares
Rt trading symbol: CBG.RT
Trading ex-rights: September 16 1993
Expiry date: October 13 1993
Cusip No: 132509 13 4

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Explanation

Rights

Rights give existing shareholders a chance to proportionately buy shares in the new issue the company is putting out to raise more funds. The certificate showing this privilege is called a right.  It  gives the stockholders the first opportunity,  to buy the new securities.

Rights issue

An offer made by a  company to its shareholders to enable them to buy new shares in the company at a discount to the market price.

 

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