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Home / Simons-Taxes /Corporate tax /Part D6 Company reconstruction and profit extraction /Division D6.2 Reorganisation of share capital /Issue of share capital / D6.231 Rights issue—shareholder options
Commentary

D6.231 Rights issue—shareholder options


Corporate tax

A shareholder has three options when a rights issue is made:

  1. Ìý

    (a)ÌýÌýÌýÌý take up the rights and acquire the additional shares (D6.232)

  2. Ìý

    (b)ÌýÌýÌýÌý sell the rights nil paid (D6.233), or

  3. Ìý

    (c)ÌýÌýÌýÌý let the rights lapse and potentially receive cash

A rights issue

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