Cardno Limited Rights 29-Feb-12 (CDDR) company profile

CDDR represents a rights issue by Cardno Limited, a mechanism through which existing shareholders were offered the opportunity to subscribe for new shares on a pro-rata basis. This type of offering is typically undertaken by companies to raise capital for various purposes, such as debt reduction, funding growth initiatives, or general working capital. As a rights issue, it is a financial instrument rather than an operating business.