Rights issue
Complete the text with words and combinations from the previous exercise.
The issuance of new shares and their ___________ to new shareholders involves the risk of dilutingthe power of existing shares, so the statutes of many jurisdictions entitle existing shareholders to___________, according to which they have the right to purchase first newly issued shares in proportionto their present holding in the company. They can either ___________ these rights or___________ them and so grant the company the right to offer the shares for public sale. Such sharesare usually offered ___________ to the existing shareholders, i.e. at a price lower than their current___________ which, however, may be more or less than their fixed ___________.
Created: Monday, 8 December 2014, 11:39 AM by Десислава Митова
| Version | User | Modified | ||
|---|---|---|---|---|
| 1 | ИГИвелина Ганчева-Йоцова | 12:27 PM | 4 January 2016 |