oly you wrote
If u r a registered holder of 100K PGMs on June 22 (book close) u r given 20K tradeable (ie renounceable) RIGHTS to purchase 20K fpos which u will have up to June 6 to either fork out 45c (prob PGMDA until scrip is issued) OR sell yr rights on market (PGMR?) at theoretical price what PGM-45 is with maybe a slight discount for being deferred delivery until its over.
are you saying minimal holding for rights issue is 20k or are you just picking out 100k as an example
if u hold 10 shares will u be offerred 2?
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