Corporate action details18 Nov 2020 19:35
The message from Barclays
Holders of Beowulf Mining PLC basic entitlements (BEMBAS.XLON.GB) shares have the right to subscribe for Beowulf Mining PLC basic take up entitlements (BEMBASTU.XLON.GB) shares. Each entitlement held gives the holder the right to purchase a share for an exercise price of GBP 0.031600. Holders electing to take up their full entitlement also have the option to apply for additional shares. There is no limit on the number of additional shares a holder can apply for. With regard to the excess shares offer, the company may choose to use 'scaleback', allocating individuals who've applied for the excess shares a percentage of what was originally offered. As a Barclays client, because your shares are held in a nominee position - grouped together with other customers - it may be that the percentage you receive is actually higher than the scaleback rate announced. For holders electing to subscribe, subscription monies will be debited after the 16 December 2020 and new shares are due to be allotted on or around the 17 December 2020. Elections must be submitted by 16 December 2020 otherwise the default election option will be applied.