FLT 0.40% $22.45 flight centre travel group limited

Cap raising, page-20

  1. 5,086 Posts.
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    What you are suggesting is incorrect. @hcosah is correct. It's important to understand that anyone who purchased shares on, or after Tuesday 7 April (i.e. when trading resumed) was not a "registered" holder at 7pm on Wed 8 April (the Record Date). Why? Because of the T+2 settlement rule. Anyone purchasing on 7 April would not have settled until 9 April - the day after the Record Date. Purchasing shares on 7 April only means you have an unconditional purchase contract. You're not officially a holder until your purchase has settled and the transfer of ownership has been recorded on the Company's share register. Given FLT was in a trading halt prior to 7 April, the only way to ensure you were a 'registered' holder at 7pm on 8 April is if you had purchased one trading day before 7 April, which would have been 19 March at the latest, given FLT's extended pause in trading. That's why only holders who purchased prior to the suspension are eligible.
    Last edited by zebster: 18/04/20
 
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