Z, you will be issued with 2 rights for every 15 shares you own. The rights are renounceable. That means you can sell them on market or keep them and convert them into FPO shares by paying up the $2.05 when the time comes.
Your rights will be automatically issued to Commsec account on date of issue and will remain there until the rights issue closing date. The trading price of your rights will fluctuate depending upon market interest until that closing date.
I hope that helps you to understand.
Cheers
Trading Halt!, page-24
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Last
$4.01 |
Change
0.000(0.00%) |
Mkt cap ! $7.963B | |||
| Open | High | Low | Value | Volume |
| $3.93 | $4.04 | $3.93 | $31.73M | 7.955M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 71522 | $4.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.02 | 89 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| EVN (ASX) Chart |