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
no time to read, try audiobooks
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Symbol - AEA.RT
Cusip Number - 040110 11 6
Expiry Date - October 2 1992
News Releases
1992-07-23 18:01 ET - Rights Offering
The company will offer to shareholders of record on August 4 1992 4,290,069 rights to purchase 2,145,035 shares. One right will be issued for each share held.
Effective at the opening July 28 1992, the shares of the company will be posted as ex-rights and the rights will be posted but not called for trading until the minimum subscription is met. The company's shares will remain suspended until the minimum subscription to the rights offering is met.
Basis of offering: 2 rights for one share at $0.20
Record date: August 4 1992
Trade ex-rights: July 28 1992
Called for trading: July 28 1992
Trade for cash: September 25 1992
Rights expire: October 2 1992
Symbol: AEA.RT
Security No: 834203
Cusip No: 040110 11 6
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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.
