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Name - ATS Automation Tooling Systems Inc
Website -
Symbol - ATA.RT
Cusip Number - 001940 11 3 
Expiry Date - Aug. 14, 2007
News Releases

ATS Automation rights offering

2007-07-13 18:51 ET - Rights Offering

TSX bulletin 2007-1014

Rights symbol: ATA.RT
Rights Cusip No.: 001940 11 3
Shareholder entitlement: One right for each common share held on the record date
Terms of the rights: 3.35 rights plus $6.23 for one additional common share
Expiry time: 5 p.m. (Toronto time), Aug. 14, 2007
Ex rights date: July 17, 2007
Record date: July 19, 2007

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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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