Share Purchase Rights

外汇网2021-06-19 16:34:36 270

A type of security that gives the holder the option, but not the obligation, to purchase a pdetermined number of shares at a pdetermined price. This is similar to a stock option or warrant. These rights are typically distributed to existing shareholders, who have the ability to trade these rights on an exchange.

Taobiz explains Share Purchase Rights

The rights only give shareholders the ability to purchase the shares, but they must still must pay for the shares to redeem the rights.

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