CRJ 0.00% 1.5¢ caravel energy limited

Bali Bagus, T+3 is not applicable here as the standard practice...

  1. 334 Posts.
    Bali Bagus, T+3 is not applicable here as the standard practice is to allow 5 trading days from when shares last trade "cum entitlement" (to a dividend or rights issue or whatever) to the associated record date.

    CJR has released 2 ASX announcements (one on 30 Aug headed "Lodgement Of Prospectus", the other on 31 Aug headed Letter to Shareholders") and both include the following:

    "Following is a timetable for the issue:

    Event Date

    Prospectus lodged with ASIC and ASX 30 August 2006

    Notice of Offer sent to Shareholders 31 August 2006

    “Ex” Date 1 September 2006

    Record Date to determine entitlements to Options 7 September 2006"


    ie CJR started trading "ex entitlement" on the morning of Fri 1 Sep so anyone selling shares after that time retains the entitlement in respect of those shares.

    Cheers
 
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