Meaning of “rights issue” in the English Dictionary

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"rights issue" in Business English

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rights issuenoun [ C ]

uk us STOCK MARKET

an occasion when a company offers new shares at a lower price than usual to its existing shareholders, or the number of shares made available in this way:

Much of the rights issue proceeds were used to plug a financial black hole.

(Definition of “rights issue” from the Cambridge Business English Dictionary © Cambridge University Press)