re: refer to annoucement 31.03.2006 Lets try again Lonestar, here's the settlement rules:
'Settlement is the process where by the shares you have bought are sold and exchanged for the physical cash. This is what is known as "T +3" which means that 3 business days after the transaction takes place the shares and money are swapped through CHESS.'
If you sell your shares today, 1 is Thursday, 2 is Friday, 3 is Monday. It is not until Tuesday that the shares have actually been physically transferred. Therefore as of the record date of the 9th (Monday) the seller is still the holder of shares, and receives the share issue.
Make sense?
Cheers
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- record date is still 9th
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greater pacific gold limited
record date is still 9th, page-20
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