Jurisdiction(s):
United Kingdom

CREST rights issues: UK practitioner guide to process, Euroclear specimen wording, timetable, nil/fully paid rights, acceptance and payment, dematerialisation, settlement, record dates, overseas shareholders and fractional entitlements

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Practice notes

This Practice Note provides an overview of the process of making a rights issue in CREST

It does not attempt to introduce CREST or uncertificated securities, nor does it offer practical steps for transferring shares through CREST. For guidance on those topics, including a summary of key terms, refer to Practice Note: CREST and uncertificated shares—an introduction. For a synopsis of how various shareholder and company actions are carried out within CREST, see Practice Note: CREST—shareholder and general corporate actions. For a guide to conducting an open offer in CREST, consult Practice Note: CREST—open offers. For how to accept a takeover offer via CREST, see Practice Note: CREST—takeover offers. The general mechanics of undertaking a rights issue fall outside the remit of this Practice Note. It addresses solely the aspects that differ, or merit specific comment, where a rights issue is implemented through CREST. For broader information on rights issues and the matters that listed or AIM companies should evaluate when proposing a rights issue, see Practice Notes: Rights issues—key considerations and Rights issue—procedure for a listed company. An issuer may elect to permit shareholders to apply for new shares as detailed in this Practice Note for actions in CREST...

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Web page updated on 21/05/2026

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