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Name - Telesystem International Wireless Inc
Website -
Symbol - TIW.RT
Cusip Number - 879946 12 7 
Expiry Date - Feb. 13, 2001
News Releases

Telesystem International rights offering

2001-01-17 17:44 ET - Miscellaneous

TSE Bulletin 2001-0081

Holders of subordinate voting shares of record as of the close of business on Jan. 23, 2001, (the record date) will be granted one right for each share held. Each unit will comprise (i) one Class A subordinate voting share of ClearWave N.V., an indirect wholly owned subsidiary the company, and (ii) an option to purchase, for no additional consideration,
one subordinate voting share of the company by surrendering the unit (the TIW exchange option) at any time from the issuance of the units to 4:30 p.m. (Montreal time) on June 30, 2002 (the unit termination date).

Symbol: TIW.RT
Trade ex-rights: Jan. 19, 2001
Exercise Price: Two rights and the sum of $9.05 being required to subscribe for one unit
Cusip: 879946 12 7
Rights expire: Feb. 13, 2001

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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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