Name - Behaviour Communications Inc
Website -
Symbol - BHV.RT
Cusip Number - 076901 11 5
Expiry Date - January 23 1998
News Releases
1997-12-23 05:22 MT - Rights Offering
Holders of class A multiple voting shares (symbol: BHV.A) and holders of class B subordinate voting shares (symbol: BHV.B) of record as of the close of business on Tuesday, December 30 1997 will be granted the right to subscribe for three subordinate voting shares of the company for every multiple voting share or subordinate voting share held on the record date at a subscription price of $1.00 per subordinate voting share. The rights will be evidenced by transferable certificates registered in the names of the holders of multiple voting shares or subordinate voting shares of record on the record date on the basis of one right for each share held, one right entitling the holder to subscribe for three additional subordinate voting shares of the company at a price of $1.00 per share. The rights will expire at 4:00 pm (Montreal time) on January 23 1998.
The multiple voting shares and the subordinate voting shares will commence trading on an ex-rights basis at the opening of business on Wednesday, December 24 1997 at which time the rights will be posted on a when issued basis.
Symbol: BHV.RT
Cusip No: 076901 11 5
Rights give existing shareholders a chance to proportionately buy shares in the new issue the company is putting out to raise more funds. The certificate showing this privilege is called a right. It gives the stockholders the first opportunity, to buy the new securities.
Rights issue
An offer made by a company to its shareholders to enable them to buy new
shares in the company at a discount to the market price.
