This confused me and my stockbroker did not seem to be able to enlighten me with any detail apart from what was in the announcement that everyone could access.
To ineligible shareholders re rights issue at 5c
'if approval is obtained from ASX'
" RBS will sell the shares you would otherwise be entitled to......... timing and price at RBS discretion.".. etc blah blah
.. I seem to recollect that it was substantial number of shareholders ,something like 30% of shareholders by number? ...
So do we have any info? Eg number of shares timing and price of sales etc.. Could this explain part of the retrace?
ineligible shareholders at time of rights issu
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