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The right entitles a shareholder to subscribe for one share of IBP at an "exercise price" of $15 a share.
The new chief executive, Antony Jenkins, was promoted with a pledge to change the culture of the bank and is hoping to convince its shareholders to subscribe for one new share at 185p for every four they own.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com