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Name - Microcell Telecommunications Inc
Website -
Symbol - MT.RT
Cusip Number - 59501T 18 9 
Expiry Date - April 28, 2004
News Releases

Microcell rights expire and delist on April 28

2004-04-12 17:43 ET - Miscellaneous

TSX bulletin 2004-0403

Holders of Class A restricted voting shares, Class B non-voting shares, first preferred voting shares, first preferred non-voting shares, second preferred voting shares and second preferred non-voting shares,
of record as of the close on April 2, 2004, are entitled to one right for every share of the company held on such record date. The rights are evidenced by transferable rights certificates registered in the names of holders of shares of record on the record date on the basis of
one right for each share held.

Rights symbol: MT.RT
Rights Cusip No.: 59501T 18 9
Terms of the rights: Five rights entitle the holder to purchase one Class B non-voting share of the company at a price of $22 per Class B share
Expiry time: 5 p.m., Montreal time, on April 28, 2004

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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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