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The shares fell 50p to £1.38, roughly in line with what will be the ex-rights price.
United's shares go ex-rights on August 27.
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The shares fell 50p to £1.38, roughly in line with what will be the ex-rights price.
United's shares go ex-rights on August 27.
Ex-rights shares are worth less than shares which are not yet ex-rights - the ex-rights shares do not give a shareholder access to a rights offering. Renounceable rights may trade separately, allowing shareholders to choose to sell their rights rather than exercise them.