MGTREs are the "renouncable entitlement". That means you have an entitlement to participate as a shareholder, and from 21 April you can "renounce" that right and sell it to someone else. They will cease trading on 6 May, and disappear entirely on 13 May. Anyone who exercises their entitlement will get MGT shares, and 1 new option for each 2 MGT shares, on 20 May. The options will then be tradeable for a year.
@MrStrengths - (edit: reply broke down) Personalised letters with take up details specific to your entitlement will be sent out tomorrow, 27 April. It isn't clear from my memory of what I read if it will be post, email or both.
Speaking generally now and not directed at you directly, I will say again, it is pretty poor the entitlement has been tradeable since 21 April, and hit a high of 2 cents at today, and yet many people who have that entitlement still havent been credited with it at COB on 26 April.
The market should be equitable... not a great look to not have the entitlements available in every account entitled to them more than 3 trading days later.
If part of a CR is making the right to it tradeable on a set date, every single right should be available to trade before open on that date.
Just to be clear though, I'm not blaming or directing this at the company.
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Last
8.1¢ |
Change
-0.005(5.81%) |
Mkt cap ! $9.827M |
Open | High | Low | Value | Volume |
8.7¢ | 8.7¢ | 8.1¢ | $29.81K | 358.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 123712 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.5¢ | 20624 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 123712 | 0.081 |
5 | 84802 | 0.080 |
1 | 700 | 0.079 |
2 | 19000 | 0.078 |
1 | 40000 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 20624 | 2 |
0.089 | 59558 | 1 |
0.090 | 259408 | 3 |
0.092 | 100000 | 1 |
0.094 | 19800 | 1 |
Last trade - 15.37pm 28/07/2025 (20 minute delay) ? |
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