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
no time to read, try audiobooks
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Website -
Symbol - ILG.RT
Cusip Number - 20935G 11 0
Expiry Date - July 4 1988
News Releases
1988-05-23 17:40 ET - Rights Offering
The company has announced it will offer to shareholders of record on June 1 1988, rights to purchase shares of the company.
Effective at the opening May 26 1988, the shares of the company will trade ex-rights and the rights will be posted and called for trading on a when issued basis.
Basis of offering: Two rights exercisable for one share at $0.49 per share
Record date: June 1 1988
Shares trade x-rt: May 26 1988
Rt called for trade: May 26 1988
Rt trade for cash: June 24 1988
Rt expire: July 4 1988
Trading symbol: ILG.RT
Security No: 834228
CUSIP No: 20935G 11 0
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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.
