Definitions for "rights issue"
A method by which quoted companies on a stock exchange raise new capital, in exchange for new shares.
An offer of additional shares at a discount to existing shareholders, and able to be exercised within a short (30-60 days) time span. Unlike a bonus issue, a rights issue is not free. The shareholder is not obliged to take up a rights issue but is able to renounce them - that is, sell or transfer their right to the shares.
3 for 5 Renounceable Rights Issue (3 May 2004).
Keywords:  see
see right.