MFG magellan financial group limited

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

  1. 2,150 Posts.
    lightbulb Created with Sketch. 260
    @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.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$10.91
Change
0.480(4.60%)
Mkt cap ! $1.876B
Open High Low Value Volume
$10.43 $10.98 $10.43 $16.50M 1.524M

Buyers (Bids)

No. Vol. Price($)
1 3157 $10.90
 

Sellers (Offers)

Price($) Vol. No.
$10.95 1033 1
View Market Depth
Last trade - 16.16pm 28/07/2025 (20 minute delay) ?
MFG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.