The Board announces that applications have been received from shareholders in respect of exercise of the annual Subscription Right
for 296,903 new Ordinary Shares.
The subscription right
allows shareholders to maintain the same percentage of ownership they had before the new stock issuance within a certain expiry date for subscription.
Each subscription right
will entitle the holder to purchase 0.
In the Rights Offering, shareholders of Telekom Austria holding existing shares of Telekom Austria as of 7 November 2014, 24:00 (midnight) Central European Time, will be granted one subscription right
for each existing share and will be invited to exercise their subscription rights
at a price of EUR 4.
Howard Bancorp Inc (OTCBB: HMBD) has said that it has launched its previously announced rights offering, under which stockholders will receive one non-transferable subscription right
for every share of common stock owned as of February 27, 2012, the record date for the rights offering.
Shareholders will receive, at no charge, one subscription right
for every two shares of common stock held of record at the record date.
Under the terms of the rights offering, the Company is planning to distribute to its stockholders, at no charge, one transferable subscription right
for every 85.
The company will distribute subscription rights
, consisting of a basic subscription right
to purchase one Unit per common share held, and an over-subscription right
to purchase additional Units.
Each whole subscription right
will entitle a shareholder to purchase one share of Pacific Capital common stock at a subscription price equal to $0.
Details of the Subscription Price, the process to be followed and the deadline for applications are set out in the Subscription Right
Each shareholder will obtain one subscription right
for each ordinary share held.
In connection with the rights offering, Holdings anticipates that each holder of Holdings' common stock will receive one subscription right
for each share of common stock held at the close of business on October 20, 2014, the record date for the rights offering.