10 August 2016 - Around 1.741m 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.
The bank has further been informed that Odella Resources has agreed to buy 29.4 mln nil paid
rights when trading begins at the price of EUR 0.8286 (based on the negotiated price of EUR 4.90/share), which represent a further 8.4 mln new shares.
"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
* 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 GBP0.0435 per share, bringing GBP21,198 cash to Parkmead.
These personalised letters will detail how many "nil paid
rights" individual shareholders are entitled to and what options are available to them.