Name - National Bank of Canada 

    Website -

    Symbol - NA.RT

    Cusip Number - 633067 13 7

    Expiry Date - October 1 1990

    News Release

 

1990-09-10 16:35 MT - Rights Called to Trade

Further to the notice dated September 7 1990, the trading symbol etc for the company's rights are as follows:

 

Rt trading symbol:  NA.RT

Rt security No:  834287

Rt Cusip No:  633067 13 7

 

 

Rt trade for cash:  October 1 1990

Rt expire:  October 9 1990

 

1990-09-07 17:07 MT - Rights Offering

The company will offer to shareholders of record on September 17 1990, rights to purchase shares of the company. One right will be issued for each common share held.

 

Basis of offering:  Ten rights exercisable for one share at $8.00 per share

Record date:  September 17 1990

Shares trade x-rt:  September 11 1990

Rt called for trade:  September 11 1990

Rt trade for cash:  October 1 1990

Rt expire:  October 1 1990

Rt trading symbol:  1 (exempt)

Rt security No:  834287

Rt Cusip No:  633067 13 7

 

 



Rights

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.


 
National Bank of Canada 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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