Name - Ventra Group Inc
Website -
Symbol - VTA.RT
Cusip Number - 92281E 11 4
Expiry Date - September 27 1993
News Releases
1993-08-25 12:58 MT - Rights Offering
Holders of common shares of record as at the close of business September 3 1993 will be granted the right to subscribe for one additional share for every five shares held at $2.25 per share. The rights are evidenced by transferable rights certificates registered in the names of holders of common shares of record on the record date on the basis of one right for each share held, five rights and $2.25 being required to subscribe for one additional share. The rights expire at 4:00 pm September 27 1993. The common shares will commence trading on an ex-rights basis at the opening August 30 1993, at which time the rights will be posted for trading on a when issued basis.
Rt symbol: VTA.RT
Rt Cusip No: 92281E 11 4
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.
