Rights Issue Illustration
A rights issue is an offer of shares made via the issue of rights to subscribe for new shares to existing shareholders at a fixed subscription price. In this video Rupert gives us a closer look at what a rights issue can mean from the point of view of a shareholder.
Overview
A rights issue is an offer of shares made via the issue of rights to subscribe for new shares to existing shareholders at a fixed subscription price. In this video, Rupert delves deeper into the granular details.
Key learning objectives:
What does the rights issue look like from the perspective of shareholders?
What is the Theoretical Ex-Rights (TERP) price?
How do participating shareholders get enhanced returns and downside protection?
Summary
Expert
Rupert Walford
Rupert has over 25 years of experience in the financial services industry working mainly in international capital markets. He is currently a Managing Director at RBC Capital Markets in London responsible for ECM Execution and Healthcare ECM and Corporate Broking in Europe. Rupert was previously at Linklaters for 8 years, at UBS Investment Bank for 9 years as Head of Global Capital Markets Legal and as a member of UBS's ECM Execution team and subsequently at Deutsche Bank in Compliance covering ECM and Corporate Broking.
Rupert has extensive experience in a wide range of investment banking transactions in EMEA, predominantly in the emerging markets and in particular Russia. He is also a qualified lawyer.
