Picture of wind turbine against blue sky

Open Access research with a real impact...

The Strathprints institutional repository is a digital archive of University of Strathclyde research outputs.

The Energy Systems Research Unit (ESRU) within Strathclyde's Department of Mechanical and Aerospace Engineering is producing Open Access research that can help society deploy and optimise renewable energy systems, such as wind turbine technology.

Explore wind turbine research in Strathprints

Explore all of Strathclyde's Open Access research content

Discussion of block buying and choice of issue method in UK seasoned equity offers.

Hillier, D.J. (2010) Discussion of block buying and choice of issue method in UK seasoned equity offers. Journal of Business Finance and Accounting, 37 (3). pp. 449-455. ISSN 0306-686X

Full text not available in this repository. (Request a copy from the Strathclyde author)

Abstract

In an exploratory study, Armitage (2010) investigates the ultimate buyers of UK seasoned equity offers. Although pre-emptive rights are enshrined in company law and provide a source of value to existing shareholders, a sizeable proportion of newly offered equity is not taken up by rights holders. With an extensive manually collected database, Armitage (2010) considers the underlying reasons driving this free transfer of valuable rights, and discusses the efficacy of alternative offer methods in meeting the needs of a corporation’smain stakeholders – that is, itsmanagement and shareholders.