Name - Newtec Industries Ltd
Symbol - NEW.RT
Cusip Number - 6525IN 12 4
Expiry Date -
1986-10-29 01:00 MT - Miscellaneous
The rights security number indicated in the VSE notice dated October 27, 1986, is as follows:
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.
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.