AXM 0.00% 1.1¢ apex minerals nl

staying in, page-9

  1. 1,491 Posts.
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    The ex-date is today.
    If you sell your shares today - you will still be entitled to your ENTITLEMENT.

    If you buy today you will not receive any entitlement to the issue.

    Also this is not an SPP.

    An entitlement issue is one where you are entitled to take up shares (but not required) relevant to your holding. You can not pass this entitlement on to others.

    A rights issue is similar to the above - however you can pass this entitlement on to others, including selling the shares on market.

    An SPP (share purchase plan) is one where you may take up a certain amount of shares regardsless of how many shares you hold.

    This at least is my understanding but you may want to check its correctness with people more qualified than me.

    Good trading:)

    W2
 
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Currently unlisted public company.

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