Examples of Rights Issue in a sentence
Event Type: Rights Issue where the subscription price is at a discount to the market price (Example 6.5 – 1 to 2)Adjustment Factor: Adjusted price = (closing price × A + subscription price × B) ÷ (A + B)New number of shares = old number of shares × (A + B) ÷ AIndex Divisor Adjustment: YesChange Applied: On ex-date Event Type: Rights Issue where any details are unavailable before the ex-dateAdjustment Factor: No adjustment on ex-date.
The enlarged share capital of the Company after the completion of the Rights Issue will be 2,255,387,331 Shares.
Company successfully completed the Rights Issue of shares during the year ended 31st March 2021, thereby increasing the equity base of the Company by Rs.149 Mn. Therefore with the capital raising currently it is assessed that there is no significant impact on the financing and liquidity position of the Company due to the COVID-19 outbreak.
Company raised a sum of Rs.149,976,450/- by way of a Rights Issue of 749,882,250 Ordinary Voting Shares in the proportion of one (1) Ordinary Share for every four (4) Ordinary Shares held in the Company at a consideration of Rs.0.20 per share, which concluded on 2nd September 2020.
The Rights Issue will proceed on a non-underwritten basis as it will be fully subscribed pursuant to the Irrevocable Undertakings as mentioned in paragraph 1.2 to 1.4 above.