SUH - I've been holding these shares in one of my accounts forever & since about 10 days ago I've got SUHR shares in my account in addition to SUH shares. I believe these are Renounceable Rights given to holders for free. How do these work anway? I asked Westpac about them & they said:
"Further to your email; please be advised the SUHR are Renounceable Rights that have been issued by SUH. You can sell these on the market like normal shares under SUHR or pay a sum of money to the Share Registry to acquire more SUH shares. If you would like more information on the Rights Offer please speak to the Share Registry: Computershare on 1300 850 505."
You can't bring up a quote of SUHR either so I'm confused as to how to get rid of them.
Day Trading After-Market Lounge 26th May, page-2
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