Pre-emption right

Asia Pacific Wire & Cable Corporation Ltd. Announces Plans for Rights Offering to Shareholders

Retrieved on: 
Friday, July 16, 2021
Corporate finance, Marketing, Economy, Rights issue, Microeconomics, Pre-emption right, Subscription business model, Subscription, Pay television, Corporate capitalism

If the rights offering is fully subscribed, the Company expects to receive gross proceeds of approximately $8.3 million before expenses.

Key Points: 
  • If the rights offering is fully subscribed, the Company expects to receive gross proceeds of approximately $8.3 million before expenses.
  • In the rights offering, the Company will distribute, at no charge to its shareholders, non-transferable subscription rights to purchase additional common shares of the Company.
  • The rights offering will include an over-subscription privilege, which will permit each rights holder that exercises its subscription rights in full the option to purchase additional common shares that remain unsubscribed at the expiration of the rights offering.
  • Asia Pacific Wire & Cable Corporation Limited is a holding company that operates our business through operating subsidiaries.

Gledhow Investments plc: GM, Update of Investments and Total Voting Rights

Retrieved on: 
Wednesday, June 30, 2021
Aboriginal title, Contract law, Corporate law, Pre-emption right, Property law, Private law, Proxy, Law, Preemption, Companies Act, Business law

The special resolution, seeks approval to disapply the statutory pre-emption rights under section 561 of the Companies Act 2006.

Key Points: 
  • The special resolution, seeks approval to disapply the statutory pre-emption rights under section 561 of the Companies Act 2006.
  • Further to the interim results to 31 March 2021, the Company is now reporting on some of the current investments.
  • The Form of Proxy can be emailed to Gledhow Investments plc, at [email protected].
  • Completion of the Form of Proxy will not preclude you from attending and voting at the General Meeting in person if you so wish.

CIM Commercial Trust Corporation Commences Rights Offering

Retrieved on: 
Thursday, June 10, 2021
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Corporate finance, Rights issue, Options, Contract law, Pre-emption right, Expiration, Private law, Law, Business law

Holders of subscription rights that exercise in full such basic subscription rights will be entitled, subject to certain limitations and conditions, to over-subscribe for additional shares of Common Stock that remain unsubscribed for in the rights offering as a result of any unexercised basic subscription rights.

Key Points: 
  • Holders of subscription rights that exercise in full such basic subscription rights will be entitled, subject to certain limitations and conditions, to over-subscribe for additional shares of Common Stock that remain unsubscribed for in the rights offering as a result of any unexercised basic subscription rights.
  • The rights offering will expire at 4:00 p.m., New York Time, on June 23, 2021, unless extended by the Company (the Expiration Date).
  • Notwithstanding the foregoing, we may terminate the rights offering at any time prior to the Record Date.
  • Before making any investment in the rights offering, you should read the other documents CIM Commercial has filed with the SEC for more complete information about CIM Commercial and the rights offering.

DGAP-News: Delticom AG: Capital increase without subscription rights successfully placed, high investor interest in the capital increase with subscription rights in the context of the pre-placement

Retrieved on: 
Wednesday, June 2, 2021
Corporate finance, Financial economics, Finance, Money, Stock market, Procurement, Subscription, Pre-emption right, Seasoned equity offering, Rights issue

Delticom AG: Capital increase without subscription rights successfully placed, high investor interest in the capital increase with subscription rights in the context of the pre-placement

Key Points: 
  • Delticom AG: Capital increase without subscription rights successfully placed, high investor interest in the capital increase with subscription rights in the context of the pre-placement
    The issuer is solely responsible for the content of this announcement.
  • Delticom AG: Capital increase without subscription rights successfully placed, high investor interest in the capital increase with subscription rights in the context of the pre-placement
    Hanover, June 02, 2021 - Yesterday, Delticom AG announced the successful placement of a significantly oversubscribed capital increase without subscription rights.
  • Rights of clawback in the allocation ensure that new shares for which subscription rights are exercised are nevertheless available for subscription by existing shareholders of the Company.
  • The existing shareholders of the Company will be granted the statutory subscription rights to the new shares in the form of medium-term subscription rights.

CIM Commercial Trust Corporation Announces Rights Offering

Retrieved on: 
Tuesday, June 1, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Corporate finance, Initial public offering, Rights issue, Corporations, Prospectus, Pay television, Economy, Articles, Subscription business model, Subscribed, Pre-emption right

A record date of 4:00 p.m., New York Time, on June 11, 2021 has been set for the planned rights offering.

Key Points: 
  • A record date of 4:00 p.m., New York Time, on June 11, 2021 has been set for the planned rights offering.
  • Holders of subscription rights that exercise in full such basic subscription rights will be entitled, subject to certain limitations and conditions, to over-subscribe for additional shares of Common Stock that remain unsubscribed for in the rights offering as a result of any unexercised basic subscription rights.
  • If the offering is over-subscribed, then any exercise of the over-subscription privilege will be subject to proration as described in the prospectus supplement in respect of the rights offering.
  • Before making any investment in the potential rights offering, you should read the other documents CIM Commercial has filed with the SEC for more complete information about CIM Commercial and the potential and the rights offering.

Healthier Choices Management Corp. Announces Commencement of Rights Offering Subscription Period

Retrieved on: 
Wednesday, May 19, 2021
Corporate finance, Financial economics, Finance, Money, Equity securities, Stock market, Contract law, Rights issue, Stock, Pre-emption right, Subscription, Preferred stock

b'Hollywood, FL, May 19, 2021 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (sometimes referred to as the \xe2\x80\x9cCompany\xe2\x80\x9d) (OTC Pink: HCMC) today announced that the subscription period for the Company\xe2\x80\x99s rights offering (the \xe2\x80\x9cRights Offering\xe2\x80\x9d) has commenced.

Key Points: 
  • b'Hollywood, FL, May 19, 2021 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (sometimes referred to as the \xe2\x80\x9cCompany\xe2\x80\x9d) (OTC Pink: HCMC) today announced that the subscription period for the Company\xe2\x80\x99s rights offering (the \xe2\x80\x9cRights Offering\xe2\x80\x9d) has commenced.
  • The Subscription Agent is:\nUnder the Rights Offering, Healthier Choices Management Corp. will distribute one non-transferable subscription right for every four shares of common stock owned and each share of Series D preferred stock (on an as-if-converted-to-common-stock basis) held on the Record Date (May 18, 2021).
  • Each subscription right will entitle the holder to purchase one share of common stock.
  • When filling out the subscription rights form, the holder will use the Estimated Subscription Price, which is $0.001425.

Galapagos creates new subscription right plans

Retrieved on: 
Friday, April 30, 2021
Supply chain management, Aboriginal title, Contract law, Corporate law, Pre-emption right, Property law, Subscription, Private law, Economy, Supply chain management, Aboriginal title, Contract law, Corporate law, Pre-emption right, Property law, Subscription, Private law, Economy

The subscription rights under Subscription Right Plan 2021 BE can in principle not be exercised prior to 1 January 2025.

Key Points: 
  • The subscription rights under Subscription Right Plan 2021 BE can in principle not be exercised prior to 1 January 2025.
  • The subscription rights under Subscription Right Plan 2021 RMV and Subscription Right Plan 2021 ROW vest and become exercisable in instalments: with 25% of each grant being exercisable as of 1\xc2\xa0January 2023, 25% as of 1 January 2024 and 50% as of 1\xc2\xa0January 2025.
  • The total number of rights to subscribe to not yet issued securities conferring voting rights is (i) 6,776,730 subscription rights under several outstanding employee subscription right plans, which equals 6,776,730 voting rights that may result from the exercise of those subscription rights, and (ii) one subscription right issued to Gilead Therapeutics to subscribe for a maximum number of shares that is sufficient to bring the shareholding of Gilead and its affiliates to 29.9% of the actually issued and outstanding shares after the exercise of the subscription right.
  • This excludes the 2,736,250 subscription rights of Subscription Right Plan 2021 BE, Subscription Right Plan 2021 RMV and Subscription Right Plan 2021 ROW, which were created subject to acceptance.

DGAP-News: Epigenomics AG decides to increase share capital through rights issue with subscription rights of existing shareholders

Retrieved on: 
Wednesday, April 28, 2021
Corporate finance, Financial markets, Financial economics, Finance, Economy, Procurement, Subscription, Pre-emption right, Pay television, Public offering, Rights issue, Vehicle subscription

The new shares will be offered to the company\'s shareholders as part of a public offering in Germany by way of indirect subscription rights during the subscription period, which is expected to run from 3 May 2021 to 17 May 2021.

Key Points: 
  • The new shares will be offered to the company\'s shareholders as part of a public offering in Germany by way of indirect subscription rights during the subscription period, which is expected to run from 3 May 2021 to 17 May 2021.
  • This means that for each 5 existing shares of the company, a subscription right for 1 new share is allocated.
  • The company will strive to place new shares that are not subscribed during the subscription period with selected investors.
  • The shares will be solely offered on the basis of the published subscription offer.

Report from the annual general meeting in OXE Marine AB (publ) on 16 April 2021

Retrieved on: 
Friday, April 16, 2021
Corporate finance, Corporate law, Contract law, Aboriginal title, Pre-emption right, Property law, Rights issue, Oxe, Preemption, Warrant, Private law, Law

b"The annual general meeting resolved, among other things, the following:\nThe income statement and balance sheet for 2020 were adopted.

Key Points: 
  • b"The annual general meeting resolved, among other things, the following:\nThe income statement and balance sheet for 2020 were adopted.
  • The board shall have the right to resolve on rights issues as well as issues with deviation from the shareholders' pre-emption rights.
  • Each warrant entitles to subscription of one new share in OXE at the subscription price of SEK 6 per share.
  • The complete proposals are published on the company's website www.oxemarine.com .\nContact details to FNCA Sweden AB: tel.+46 8 528 00399,e-mail [email protected]\n"

Summit Therapeutics Announces Rights Offering

Retrieved on: 
Friday, March 26, 2021
Financial markets, Financial economics, Finance, Corporate finance, Economy, Rights issue, Initial public offering, Prospectus, Shelf registration, Subscription, Pre-emption right

Assuming that the rights offering is fully subscribed, the Company will receive gross proceeds of up to $75 million, less expenses related to the rights offering.

Key Points: 
  • Assuming that the rights offering is fully subscribed, the Company will receive gross proceeds of up to $75 million, less expenses related to the rights offering.
  • The rights offering will include an over-subscription right to permit each rights holder that exercises its basic subscription rights in full to purchase additional shares of Common Stock that remain unsubscribed at the expiration of the offering.
  • Robert W. Duggan, our Executive Chairman and Chief Executive Officer and the beneficial owner of approximately 69% of our outstanding Common Stock prior to this rights offering, has indicated that he intends to participate in the rights offering and subscribe for at least the full amount of his basic subscription rights, but has not made any formal binding commitment to do so.
  • The rights offering will be made pursuant to the Companys shelf registration statement on Form S-3, which became effective on October 15, 2020, and a prospectus supplement containing the detailed terms of the rights offering to be filed with the SEC.