Osakeante

Osakeante is a corporate action in which a company issues new shares to raise capital. The issue can be offered to existing shareholders on a pro rata basis (a rights issue) or to new investors through a public offer or a private placement. Rights issues typically grant each holder subscription rights, allowing them to buy additional shares at a predetermined price within a defined period. The subscription price is often set at a discount to the market price to incentivize participation. If all rights are not exercised, the remaining shares may be placed with other investors, or underwritten.

Public osakeantit are open to external investors and usually require a prospectus and regulatory clearance for listed companies. Private placements, by contrast, are offered to selected institutional or high-net-worth investors and may be conducted with lighter disclosure requirements.

Process: The board proposes the issue, the general meeting approves the maximum number of new shares and terms, and the company announces the offer. If a rights issue is used, the subscription rights may be traded on the market during the rights period. After payment and allotment, the new shares are issued and may begin trading. The capital raised increases equity and can strengthen the balance sheet, but it also dilutes existing ownership if the rights are exercised and not offset by other measures.

Impact and considerations: Osakeante raises immediate capital and can influence earnings per share and control dynamics. For investors, participation depends on risk tolerance, price expectations, and the company’s growth prospects.