Australia's largest stock trading and investment forum Australia's #1 stock forum

BWX

Click for more information

0.00%

20.0¢ bwx limited

Thanks for reply and it is clear. Just one further question. Who...

First 13 Last

Share
Profile

Follow
kennytmhk

84 Posts.

24/10/17

11:08

Post #: 28142328
Share

Originally posted by Al99 ↑

Whatshername

As a shareholder in BWX, you have an entitlement to buy new shares at an agreed price, which is $5.92. You can buy 1 new share for every 5.7 shares that you owned at a particular date.

You can also sell that entitlement.

The large shareholders have done this process and the sale of those entitlements where sold via a book-build over the past few days. The final price was $1.08 per entitlement. When added to the issue price of $5.92 that gives you the $7 price which is mentioned in the press release.

The retail offer will open shortly and this will go through a similar phase, where you can sell or trade the entitlement or pay the $5.92 and get another share. The entitlement value may be higher or lower than the $1.08 price.

I hope this is clear.

Cheers, AL

Expand

Thanks for reply and it is clear.

Just one further question. Who pays the $1.08? BWX or other institutional investors?

BWX Price at posting: $6.77 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Time for retail therapy buying in the shopping Scentre for hot stocks

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Eurozone-based companies find new ways to secure a regional lithium supply

End of FY is a time to juggle wins, losses and capital gains taxes

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

There are more pages in this discussion • 8 more messages in this thread...

First 13 Last

Add BWX (ASX) to my watchlist