‘Ex-rights’ means ‘without rights’ and does not allow such shareholders to subscribe to Rights issues offered by a company. The owner of ‘ex-rights’ shares means that s/he was earlier entitled to any upcoming, already declared Rights issue, but now those rights have either expired, transferred or have already been exercised. The opposite of ‘Ex rights’ is ‘Cum-rights’, which means ‘with rights’ or shares that have such rights or entitlement for automatically participating in a Rights issue of the company.
