What will happen if Rights Entitlements (RE) are purchased through on-market/off-market renunciation, and no application is made?
If no application is made by the buyer of Rights Entitlement (RE) on or before the issue closing date, they will expire. Securities for lapsed REs will not be credited, even if they were purchased from the market and the buyer will lose the premium paid to acquire them.
If buyers want to exercise the right, they must use their REs to apply for the Rights Issue within the stipulated time.
Still need help? Create Ticket
