Technical dilution is Apparent dilution less real dilution. It is due to the distribution of "free" bonus shares that automatically accompanies any Capital increase via a Rights issue. Technical dilution represents the additional dilution (see dilution – Shareholders) attributable to the sale of subscription rights by Shareholders who use the occasion of the Capital increase to reduce their Investment in the company.

(See Chapter 39 Implementing a debt policy of the Vernimmen)

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