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Rolls Royce Rights Issue

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Comments

  • 203846930
    203846930 Posts: 4,708 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    I will probably just buy the full allotment of 1573.
  • Bigun28
    Bigun28 Posts: 475 Forumite
    Part of the Furniture 100 Posts
    I'm in the same boat with RR and just trying to get my head around it.  At the moment I have 3719 paid up shares, with the offer to purchase 12396 nil paid shares at 32p per share. 
    If I elect to sell just my nil paid shares (Option 2), I'm presuming that they will only sell the 12396 shares, and I still keep the original 3719 shares?  That will then reduce my original financial investment in RR by whatever I can get for the nil paid shares?
    Is that right?
  • HHarry
    HHarry Posts: 1,004 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I managed to miss the deadline for making a decision and so have defaulted to option 3 - do nothing and wait for rights to be sold in bulk.
    Does anyone know if / when this has happened, and whether I'll get anything?

    I only had rights to 225 shares - I'm expecting somewhere between nothing and not a lot!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Barely two weeks since the offer closed. Sit back and await a cheque. You'll receive something!
  • 203846930
    203846930 Posts: 4,708 Forumite
    1,000 Posts Second Anniversary Name Dropper Photogenic
    I got my new share certificate yesterday so you should not have long to wait.
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