What type of financial transaction involves issuing new voting shares to an intermediary?

The type of financial transaction that involves issuing new voting shares to an intermediary is referred to as vendor consideration placing. In this process, a company may issue new shares to an intermediary, which is often a financial institution or an investment bank, as part of a broader transaction typically involving mergers, acquisitions, or capital raising efforts.

This transaction allows companies to facilitate the sale of new shares while creating liquidity and providing a means to compensate vendors or partners involved in the deal. The intermediary then has the responsibility to manage the shares, either by selling them onward to investors or keeping them as part of their investment portfolio.

In contrast, other options listed, such as a rights issue, refer to a situation where existing shareholders are offered the right to purchase additional shares, usually at a discount, directly from the company. A public offering also involves selling shares to the public but generally does not specifically involve an intermediary in the same way vendor consideration placing does. Thus, the unique nature of vendor consideration placing makes it the correct choice in this context.