Description

Understand what rights issues are, how to calculate rights issue discounts and issue proceeds as well as look at shareholders' options to take up their rights, sell them, or a mix.

Learning Objectives

  1. Recall what rights issues are.
  2. Calculate rights issue discounts and issue proceeds, and shareholders' options.
  3. Recall the mechanics of rights issues and their impact on valuation metrics.
  4. Recall the impact on proforma financials.