It means you will get an entitlement to buy 1 New Share for every 6 shares you owned on the record date.
So if you own 6 shared, you can buy 1 new share.
If you owned 12 shares you can buy 2 new shares.
if you owned 60 shares, you can buy 10, etc.
So pro-rata means your entitlement is scaled to your existing ownership.
Ann: Successful Completion of Institutional Entitlement Offer, page-17
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$17.63 |
Change
-0.130(0.73%) |
Mkt cap ! $11.23B | |||
| Open | High | Low | Value | Volume |
| $17.80 | $17.94 | $17.63 | $1.946M | 109.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 196 | $17.63 |
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| Price($) | Vol. | No. |
|---|---|---|
| $17.64 | 799 | 8 |
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