ERA 6.67% 1.6¢ energy resources of australia limited

"takeover possible", page-38

  1. 4,615 Posts.
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    I think if you sell on monday your rights will effectively transfer...asx circular below. But I am not 100% sure.


    Settlement issues
    Despite the fact that securities are trading “ex entitlement” on ASX Trade, CHESS will not recognise for settlement
    purposes the “ex entitlement” or the “cum entitlement” tag on CHESS messages and CHESS will not maintain cum
    balances during the deemed “CHESS ex-period”, i.e. the period commencing on the deemed CHESS Ex-Date up to and
    including the record date. However, a record date cum balance will be available the business day following the record
    date, which will be equal to the registered holding balance at CHESS end of day on the record date. As a result any
    transfer that occurs prior to record date will be effectively transferred on a “cum” basis.
 
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