Forum Archive Index - June 2001

["Mark Hubbard" <mhubbard@es.co.nz>]

 

So when do I pay for the rights? When do the rights turn into 'shares' - ie, when do I convert the rights? If, when the rights convert the shares are down to A1c, what then?

 

Oh, do I pay A2c for the rights, then A2c for the shares? (ie, A4c overall).

 

Sorry about the stupid questions, but I've never been involved in a rights issue before.

----- Original Message -----

From: Bob & Ev Hurley

To: sharechat@sharechat.co.nz

Sent: 12 June 2001 9:08 PM

Subject: Re: Re: [sharechat] CGB

The rights are to purchase one share for every two you already own at A2c per share(currently selling at about A3c per share). No brokerage and purchase guaranteed if you take up the rights. Normally rights can also be bought & sold on the market but hardly practical in this case, they might trade at ½ cent.