Share Purchase Rights

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Dictionary Says

Definition of 'Share Purchase Rights'

A type of security that gives the holder the option, but not the obligation, to purchase a predetermined number of shares at a predetermined price. This is similar to a stock option or warrant. These rights are typically distributed to existing shareholders, who have the ability to trade these rights on an exchange.
Investopedia Says

Investopedia explains 'Share Purchase Rights'

The rights only give shareholders the ability to purchase the shares, but they must still must pay for the shares to redeem the rights.
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'Share Purchase Rights'

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    ... a company has a direct stock purchase program or a ... Follow & Share: Free Newsletters
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    ... would be automatically used to purchase 0.05 ($2 ... Follow & Share: Free Newsletters
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