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Name - Zodiac Hurricane Marine Inc
Website -
Symbol - ZHI.RT
Cusip Number - 98975E 11 2 
Expiry Date - September 1 1989
News Releases

1989-07-25 18:25 ET - Rights Offering

The company will offer to shareholders of record at August 30 1989 rights to purchase shares of the company.

Basis of offering: Four rights exercisable for one share at $0.70 per share
Record date: August 3 1989
Shares trade x-rt: July 28 19899
Rt called for trade: July 28 1989
Rt trade for cash: August 25 1989
Rt expire: September 1 1989
Trading symbol: ZHI.RT
Security No: 834522
Cusip No: 98975E 11 2

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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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