Examples of Rights Issue in a sentence
In accordance with Regulation 77A of the SEBI ICDR Regulations read with the SEBI Rights Issue Circular, the credit of Rights Entitlements and Allotment of Rights Equity Shares shall be made in dematerialized form only.
Any Unsubscribed Rights Shares or ES Unsold Rights Shares remain not placed under the Compensatory Arrangements will not be issued by the Company and the size of the Rights Issue will be reduced accordingly.
In the event the Rights Issue is not fully subscribed, any Rights Shares not taken up by the Qualifying Shareholders will be placed to independent Placees under the Compensatory Arrangements.
Thus, an approximate amount of HK$20 million to be raised as part of the net proceeds in the Rights Issue will be allocated for developing and enhancing the securities margin financing services.
Accordingly, an approximate amount of HK$30 million to be raised as part of the net proceeds in the Rights Issue will be designated for the purpose of enlarging the clientele base by means of widening the capital base available for this segment of business.