A Non-Renounceable Rights Issue

question 22

Multiple Choice

A non-renounceable rights issue

• A)means that shareholders who do not take up the right to purchase shares can not transfer the right to somebody else
• B)means that directors can not make any announcement about the price being offered by the company that is attempting the takeover.
• C)means that the right to purchase the shares can be sold to somebody else privately
• D)means that the right to purchase the shares can be sold to somebody else but only in public via a stock exchange