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20.0¢ firefinch limited

LLL Demerger and Offer - Consolidated Thread, page-28

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mcexplorer

15,730 Posts.

1793

30/04/22

23:20

Post #: 61126459
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Originally posted by JoeCool5150: ↑

OK.....so to be eligible for the in-specie shares, you need to be a registered FFX holder by the 5th of May.

The record date of how many FFX shares you own, and thus how many LLL shares you will receive is the 6th of June.

The distribution and issue of those LLL shares is the 9th of June.

BUT.....Between the 5th of May and the 6th of June, if you sell your FFX shares, you don't get any LLL shares.

ALTHOUGH.....and the way I see it.....you could be issued your LLL shares by the 9th of June and sell your FFX shares up until the 16th of June when LLL commences trading on the ASX, therefore, taking the chance to buy more LLL shares at whatever price they trade for after opening.

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You can sell all FFX shares between May 6 and Jun 6, But you need buy some FFX shares by Jun 4 and hold overnight, so you are assigned free LLL shares that are 1/1.4 of your FFX. Considering T+2, Better to buy FFX by Jun 4 and hold till Jun 7.

FFX Price at posting: $1.12 Sentiment: Buy Disclosure: Held
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