Ex-Bonus

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Ex-Bonus

Describing the sale of a stock in which a bonus issue that has been announced but not distributed remains with the seller. That is, the buyer does not receive the bonus when it is distributed even though she owns the stock. A bonus in this context is a free issue of shares given by the issuing company to current stockholders. This is also called ex-capitalization or ex-scrip.
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The VWAP of BHP Billiton Plc shares (F) is reduced by the value distributed per BHP Billiton Limited share (B x C / E) to calculate a theoretical ex bonus price for BHP Billiton Plc.
88 on 8 May 2002, adjusted to give a theoretical ex bonus price), and the Australian dollar/British pound exchange rate of 2.