Open offer24 Jun 2022 10:19
HI, looking for some advise on what to do with this open offer?
If I do nothing, do I keep the shares I have?
Thanks....
ROCKHOPPER EXPLORA NEW ORD GBP0.01 (SUB SHS CL
Event Type Open Offer
Description Open Offer - Updated Information
Ex-entitlement Date: 20th June 2022
Subscription share entitlement ratio: 1-for-8
Subscription ratio: 1-for-1
Exercise price: GBP0.07 per new share
New shares: 6th July 2022
Rockhopper Exploration plc has announced an Open Offer; your account has been issued with 1 subscription share for every 8 shares held. Your options are:
OPTION 1: Do nothing (Default). Your subscription shares will lapse if you do not exercise them by our deadline date.
OPTION 2: Exercise your subscription shares in full or in part. Under the terms of the Open Offer, each subscription share entitles you to 1 new share in Rockhopper Exploration plc at GBP0.07 per share.
OPTION 3: If you have exercised all your subscription shares on option 2, you may also apply for additional shares. Excess applications may be subject to scaling back. Refunds resulting from this are generally received back from the company within 2 weeks.
My Question is,