Name - McCarthy Corporation plc
Website -
Symbol - MCY.RT
Cusip Number - G59239 11 4
Expiry Date - April 30 1998
News Releases
1998-04-02 16:09 MT - Rights Offering
The ASE has been advised that the company is issuing rights to the holders of its issued and outstanding ordinary shares of record at the close of business on April 8 1998. Holders will receive one right for each ordinary share held. The rights offering circular has been cleared in Alberta only.
The rights will be posted for trading on April 6 1998. The ordinary shares will begin trading on an ex-rights basis at the opening of business on April 6 1998.
Rt symbol: MCY.RT
Rt security code: 834 070
Rt Cusip No: G59239 11 4
Exercise price: One right and $1.00 to purchase one ordinary share
Transfer agent: Montreal Trust Company
Expiry date: April 30 1998
Cash trading date: April 28 1998
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.
