Lisäosakeannissa

Lisäosakeanti, often translated as a supplementary share issue or rights issue, is a corporate finance mechanism used by companies to raise additional capital by issuing new shares to existing shareholders or the public. This process allows a company to increase its equity base, which can be used for various purposes such as funding expansion, acquiring other businesses, paying down debt, or strengthening its financial position.

There are typically two main forms of lisäosakeanti. The first is a rights issue, where existing shareholders are offered the right to purchase new shares in proportion to their current holdings, often at a discount to the market price. This gives them the opportunity to maintain their percentage ownership in the company. The second is a directed issue, where new shares are offered to a specific group of investors, such as institutional investors, or to the public in general.

The decision to conduct a lisäosakeanti is usually made by the company's board of directors and often requires approval from the shareholders at a general meeting. Companies opt for this method when they believe it is a more favorable way to raise funds compared to debt financing, which would increase their leverage and interest expenses. However, a lisäosakeanti can dilute the ownership stake of existing shareholders if they do not participate in the offering, and it can also signal to the market that the company needs capital, which might have mixed implications for its stock price.