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Name - Ventra Group Inc
Website -
Symbol - VTA.RT
Cusip Number - 92281E 11 4 
Expiry Date - September 27 1993
News Releases

1993-08-25 14:58 ET - Rights Offering

Holders of common shares of record as at the close of business September 3 1993. The rights are evidenced by transferable rights certificates registered in the names of holders of common shares of record on the record date on the basis of one right for each share held.

Basis of offering: five rights and $2.25 are required for one additional share
Rt symbol: VTA.RT
Trading ex-rights: August 30 1993
Rt Cusip No: 92281E 11 4
Expiry date: September 27 1993

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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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