MFG magellan financial group limited

Ann: Bonus Options Issue - letters to shareholders, page-2

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    @ahlechs

    This is the letter to shareholders and contains most relevant info and links to related notices.

    Important info:

    Record date (7 April 2022) is when you needed to be holding shares to be eligible.

    For every 8 MFG shares held on 7 April, you will receive 1 x MFGO

    Options expire in April 2027 with exercise price of $35. At any point before the expiry, you can exercise the options by paying $35 to the company to convert your MFGO to MFG. ie if MFG is trading under $35 it won't be worthwhile.

    You need to hold the shares through a broker (usually CommBank, etc). If you're using a trading app like eToro then you're trading cfds and won't be eligible.

    All of this is to the best of my knowledge - I am not particularly experienced, but learning.

    Good luck with it.
 
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