A non-renounceable rights issue refers to an offer issued by a corporation to shareholders to purchase more shares of the company (usually at a discount).
Unlike a 'renounceable right', a 'non-renounceable right' is not transferable, and therefore cannot be bought or sold.
It is also important to note that Selfwealth can only facilitate options or rights trading if the offer is listed on a relevant security exchange eg: ASX.
Why do companies issue rights?
Issuing more shares dilutes the value of outstanding stock. However, a rights issue allows the existing shareholders to buy the newly issued stock at a discount, meaning they are compensated for the impending share dilution. The compensation the rights issue gives them is intended to be equivalent to the cost of share dilution.