Exchange Currency

deep discounted rights issue

nounrights issue where the new shares are priced at a very low price compared to their current market value"...as the group's shares are already widely held, the listing will be via an introduction. It will also be accompanied by a deeply discounted £25m rights issue, leaving the company cash positive" [Sunday Times]

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    Jun 19, 2001... but fell less than the rest of the telecoms sector as the market gave a cautious welcome to the completion of the deep-discounted rights issue.
     
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