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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 - Royal Lepage Ltd
Website -
Symbol - RLG.RT
Cusip Number - 78033W 12 2 
Expiry Date - July 8 1996
News Releases

1996-06-10 18:52 ET - Rights Offering

The company will offer to shareholders of record on June 14 1996, rights to purchase shares of the company. One right will be issued for each share held.

Rights trading symbol: RLG.RT
Shares trade ex-rights: June 12 1996
Rights security No: 834373
Exercise price: Two rights and $1.75 to purchase one share.
Rights Cusip No: 78033W 12 2
Rights trade for cash: July 3 1996
Expiry date: July 8 1996

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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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