Tomorrow 25 Mar EUROB will trade. 26 Mar no longer quoted. Those that are official holders of EUROB that have not paid their 18 cents share by 31 Mar, the options will expire worthless. However, those that are official holders of EUROB on 31 Mar can apply and receive new options, on a one for one basis, for the princely sum of 0.2 cents each.
On 1 Apr EUR will apply to ASIC and ASX. I trust that they have already run this past both authorities. On 2 Apr holders can start paying the 0.2 cents per share. I would say that this would be online initially. On 2 Apr they will most likely be sending out letters. If you do not pay by 14 Apr, you miss out.
The online will have a method by giving your HIN a Bpay account in your name will come up.
So simply put, IF YOU ARE NOT BUYING THE NEW OPTIONS THEN PUT THEM ON THE MARKET EARLY TOMORROW. You may get 0.1 cent for them.
Ann: Update to Options Offer Record Date and Timetable, page-3
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