741m new shares of UK-based investment company Melrose Industries Plc (LSE: MRO) have been admitted to listing on the premium listing segment of the Official List of the UK Listing Authority and have been admitted to trading, nil paid
, the company said.
The Cyprus Securities and Exchange Commission has approved the Marfin Popular Bank prospectus for the issue and listing of 976,335,208 nil paid
rights available only in Cyprus, Greece and the United Kingdom.
West Midland automotive components group Wagon (WAGN) has further delayed dealings in nil paid
rights issue that had been due to start on Tuesday.
On small holdings, it can often make sense to take up the rights allocation to avoid the cost of paying a broker to sell nil paid
rights in the market.
This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to acquire, the Rio Tinto plc Nil Paid Rights, Rio Tinto plc Fully Paid Rights, Rio Tinto Limited Rights, Rio Tinto plc Provisional Allotment Letter, Rio Tinto Limited Entitlement and Acceptance Forms or New Rio Tinto plc Shares or New Rio Tinto Limited Shares offered by any person in any jurisdiction in which such an offer or solicitation is unlawful.
The Rio Tinto plc Nil Paid Rights, Rio Tinto plc Fully Paid Rights, Rio Tinto Limited Rights, Rio Tinto plc Provisional Allotment Letter, Rio Tinto Limited Entitlement and Acceptance Forms or New Rio Tinto plc Shares or New Rio Tinto Limited Shares have not been and will not be registered under the securities laws of such jurisdictions and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within such jurisdictions except pursuant to an exemption from and in compliance with any applicable securities laws.
4 mln nil paid
rights when trading begins at the price of EUR 0.
With some investors recently reported as aggressively selling bank shares to force the price down, a cheap way to lock in any gains they have made is to buy the nil paid
The securities offered in the Rights Issue, including the nil paid
rights, the fully paid rights, the provisional allotment letters and the new Ordinary Shares, have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Each outstanding ordinary share shall receive one nil paid
pre emptive subscription right, with 7 pre emptive subscription rights being needed to subscribe for 2 new shares at e1/42,00 per each new share.
The nil paid
rights attached to the rest of Parkmead's 487,305 entitlements have been sold at GBP0.
It is expected that admission of the new Ordinary Shares associated with the capital increase to the Official List of the UK Listing Authority, nil paid
, will become effective and that dealings on the London Stock Exchange in such shares, nil paid
, will commence at 8.