RBS Open Offer

DAISYCHAIN

I have received a letter from Royal Bank of Scotland offering me the chance to buy more shares under an "Open Offer". I have tried to find out about this but am confused with the jargon etc. Can someone please tell me what this means.

Thanks

adambro

fatpig wrote: »

Bin it. There should be a law against companies trying to rip off people like this.

Erm... okay.

It very much depends what share price the offer is at.

barrooo

fatpig wrote: »

Bin it. There should be a law against companies trying to rip off people like this.

Well done I'm sure thats helped the OP immensely:p

Heres a link to TD Waterhouse, I assume its the offer in question hopefully it will explain things

http://www.tdwaterhouse.co.uk/rbs-open-offer.cfm?ttid=1999

sabretoothtigger

Usefull dates, whats the timetable for lloyds and ex-div

catz1ct

Whats the offer

McSaver

RBS Open offer is 31.75p per share for every 3 out of 7 shares you own.

3 x 31.75 = 95.25.

Closing price 23rd March 2009: 25p per share

3 x 25 = 75

Your FAR better off purchasing the shares on the market and could get nearky 4 shares on trading for the 3 on the open offer.

catz1ct

lol pointless