Nat Grid rights issue outcome

caper7

Hi,

I'd be very grateful if someone who let their rights lapse could let us know what they end up getting, price per share and what fees they were charged.

Many thanks 👍

kempiejon

caper7 said:

Hi,

I'd be very grateful if someone who let their rights lapse could let us know what they end up getting, price per share and what fees they were charged.

Many thanks 👍

nothing yet, chased my broker they said it should clear in a few days but no indication of price. Let's see after the weekend. Not expecting much/anything mind.

kempiejon

caper7 said:

Hi,

I'd be very grateful if someone who let their rights lapse could let us know what they end up getting, price per share and what fees they were charged.

Many thanks 👍

£1.90 per right settled yesterday/day before

caper7

Thank you 

NewPieman

Was that a good amount or not? I get it was a something for nothing transaction, but is £1.90 a good amount?

EthicsGradient

It wasn't "for nothing" - they gave up a share of future dividends for it. The price the nil-paid shares could have been sold for during the couple of weeks before the number that has lapsed was known (on the 10th June) varied between 150p and 225p. From the 10th to 12th June (when the 190p price was announced), the fully-paid shares traded around 862p to 884p - take off the 645p to convert nil-paid to fully-paid, and that's 217 to 239p.

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