Last day of dealings in nil-paid
Rights Shares is expected to be 15 February 2018, before Chinese New Year.
(SOCPL), has bought 9,500,000 nil-paid
ordinary stock of Deltatek Offshore Limited (DOL) with nominal value of $0.005 or NGN 1.00 each (the Stock) which represents 38% of DOL's entire issued stock capital (the Acquisition).
Bank stocks were once again the biggest burden of the day with Bank of Cyprus shedding 1.28% to 53.8 cents, taking the share 11.8% lower on the year, while its nil-paid
rights crashed 24% to 1.6c.
Friday was the first day of dealing in Lloyds Banking Group nil-paid
Buying up the nil-paid
rights cheaply would help "short" investors to cover their losses if there is a rapid recovery in HBOS's share price, because the value of the rights would also increase.
If you don't want to buy the new shares you can sell on the rights - these are known as "nil-paid
In fact, China Trends allotted four nil-paid
rights share for every one share held by the qualifying shareholders in late-June and raised approximately HK$135 million beforeexpenses by way of the Rights Issue of 3,374,958,000 rights shares at a subscription price of HK$0.04 per rights share, which is the strategy to further strengthen the CEM business.
rights" - the right to buy the new discounted shares - will begin trading on the London Stock Exchange from June 27.
The prospectus for RBS's rights issue, issued late on Wednesday, said dealings in nil-paid
new shares would start on May 15, which allows investors to sell their "rights" to new shares.
On 28 April 2010, the Group announced that it proposed to issue a total of 3,374,958,000 rights shares by way of rights issue at a subscription price of HK$0.04 per rights share on the basis of four nil-paid
rights shares for every existing share held.
On the stock market, the existing shares, including those created for the new subscription, started trading ex-rights, changing hands around 22 1 /2p last week, within 1p of their peak price for the year, while the nil-paid
rights were quoted separately.
With any ordinary luck, the discount also gives those shareholders who feel disinclined to sign a cheque, the chance to pick up a little cash by selling their rights nil-paid