MT942 and Rights issue: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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''SWIFT.''
A process of issuing new equity shares where they are offered first to existing shareholders in proportion to their existing shareholding.  


An MT942 (or MT 942) is a standard structured SWIFT message.  
Existing shareholders have, under law in the UK, pre-emption rights.


It is an intraday bank statement file which details all entries booked to bank account.
This means that they generally have first refusal on the purchase of any new equity shares.




==See also==
== See also ==
*[[MT940]]
* [[Bonus issue]]
*[[SEPA]]
* [[Dividend irrelevancy theory]]
*[[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT)
* [[Headroom]]
*[[XML]]
* [[Initial public offering]]
* [[Nil paid]]
* [[Option premium]]
*[[Placing]]
* [[Pre-emption rights]]
* [[Theoretical ex-rights price]]
* [[Trombone]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Financial_products_and_markets]]

Revision as of 06:53, 23 August 2019

A process of issuing new equity shares where they are offered first to existing shareholders in proportion to their existing shareholding.

Existing shareholders have, under law in the UK, pre-emption rights.

This means that they generally have first refusal on the purchase of any new equity shares.


See also