Rights Issue Underwriting Agreement Summary

This legal template is designed to outline the terms and conditions of a rights issue underwriting agreement under UK law. A rights issue is a corporate action that allows existing shareholders of a company to purchase additional shares at a discounted price, typically to raise additional capital.

The agreement sets forth the responsibilities and obligations of the underwriter, who is the financial institution or group of investors that guarantees the purchase of these additional shares in case they cannot be fully subscribed by existing shareholders. It covers various aspects such as the underwriter's commitment to buy the unsubscribed shares, the purchase price, payment terms, and any other relevant conditions.

The template will also include provisions related to the expiration dates, any potential allotments of shares, issuance of share certificates, regulatory compliance, and representations and warranties by both parties. It may also include indemnification clauses addressing potential legal risks associated with the rights issue.

Overall, this legal template aims to provide a concise summary of the underwriting agreement under UK law, ensuring that both parties involved have a clear understanding of their rights, obligations, and expectations throughout the rights issue process.