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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
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Name - Digital Composition Systems Ltd
Website -
Symbol - DCS.RT
Cusip Number - 253908 12 3 
Expiry Date - January 16 1989
News Releases

1988-12-15 18:04 ET - Rights Offering

The company will offer to shareholders of record on December 22 1988 rights to purchase shares of the company.

Basis of offering: Two rights exercisable for one share at $0.20 per share
Record date: December 22 1988
Shares trade x-rt: December 16 1988
Rt called for trade: December 16 1988
Rt trade for cash: January 10 1989
Rt expire: January 16 1989
Rt trading symbol: DCS.RT
Rt security No: 834234
Rt Cusip No: 253908 12 3

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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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