Key Takeaway

A rights issue allows existing shareholders to buy new shares at a discount. The theoretical ex-rights price (TERP) helps investors evaluate whether exercising their rights or selling them is more profitable.

Rights Issue Valuation (TERP)

Calculate Theoretical Ex-Rights Price and rights value.

Theoretical Ex-Rights Price (TERP)

184.00

Value of Right Entitlement

64.00

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Frequently Asked Questions

What is a rights issue?

A rights issue is an invitation to existing shareholders to purchase additional new shares in the company, usually at a discount to the market price.

What happens to the stock price after a rights issue?

The stock price typically drops to the Theoretical Ex-Rights Price (TERP), which is the weighted average of the old share price and the discounted new share price.

Can I sell my rights instead of buying the shares?

Yes. If the rights are 'renounceable', you can sell your rights entitlement (RE) on the open market to other investors for a cash profit.

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