Bali Bagus, T+3 is not applicable here as the standard practice is to allow 5 trading days from when shares last trade "cum entitlement" (to a dividend or rights issue or whatever) to the associated record date.
CJR has released 2 ASX announcements (one on 30 Aug headed "Lodgement Of Prospectus", the other on 31 Aug headed Letter to Shareholders") and both include the following:
"Following is a timetable for the issue:
Event Date
Prospectus lodged with ASIC and ASX 30 August 2006
Notice of Offer sent to Shareholders 31 August 2006
“Ex” Date 1 September 2006
Record Date to determine entitlements to Options 7 September 2006"
ie CJR started trading "ex entitlement" on the morning of Fri 1 Sep so anyone selling shares after that time retains the entitlement in respect of those shares.
Cheers
CRJ Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
