IHTM34187 - Changes in
shareholdings: rights issue
If a rights issue is declared in respect of a ‘qualifying
investment’ (
IHTM34131) the ‘appropriate
person’ (
IHTM34161) may
- sell the rights (
IHTM34188)
- take up and sell the allotted shares (
IHTM34189)
- neither take up nor sell the rights (
IHTM34190)
- dispose of the rights without
consideration (
IHTM34191), or
- sell part of the rights and accept the
balance (
IHTM34192) of the shares.
The impact on the calculation of the loss will depend on what
option the appropriate person takes.
