RE: Volume19 Nov 2021 15:53
Since you're advocating for IQ Tests I'll just explain to you how Placings work as you don't understand which is fine.
When you go into a Placing you buy shares on a T+ ? basis. Some Placings are T+10 , GGP is T+3. That means that any shares bought in the Placing today were done on a T+3 basis. That does not mean you have to wait for settlement to sell your shares, at any time between now and the 24th I can sell as many placing shares as I like. If i sell today , I tell the market maker my sale is T+3. Monday? T+2. Tuesday? T+1. I can sell my placing shares whenever I like