Australia's largest stock trading and investment forum Australia's #1 stock forum

BWX

Click for more information

0.00%

20.0¢ bwx limited

Ann: BWX Completes Institutional Entitlement Offer, page-17

First 17 Last

Share
Profile

Follow
lightning70

1,290 Posts.

234

24/10/17

14:12

Post #: 28150089
Share

Originally posted by Al99 ↑

Whatshername

As a shareholder in BWX, you have an entitlement to buy new shares at an agreed price, which is $5.92. You can buy 1 new share for every 5.7 shares that you owned at a particular date.

You can also sell that entitlement.

The large shareholders have done this process and the sale of those entitlements where sold via a book-build over the past few days. The final price was $1.08 per entitlement. When added to the issue price of $5.92 that gives you the $7 price which is mentioned in the press release.

The retail offer will open shortly and this will go through a similar phase, where you can sell or trade the entitlement or pay the $5.92 and get another share. The entitlement value may be higher or lower than the $1.08 price.

I hope this is clear.

Cheers, AL

Expand

I disagree.

The BWX retail entitlements are not tradable. You either take them up & buy shares or do nothing & BWX will offer them in a shortfall bookbuild auction. You may or may not receive any money for them.

All IMO & I could be wrong however the acquisition announcement was clear & straightforward regarding this. The Offer Booklets are dispatched Fri, 27th which should clear things up.

BWX Price at posting: $6.91 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

EXR

Essential Energy conference: Elixir talks up unlocking QLD's Taroom Trough

BPM

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

88E

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

Essential Energy conference: Streamlining approvals key to the green energy transition

HVN

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

There are more pages in this discussion • 4 more messages in this thread...

First 17 Last

Add BWX (ASX) to my watchlist