SheffieldOwls9 Jun 2014 14:49
Thanks for this Sheffield..any chance you can clarify further...Looking at the propspectus the latest admission date for the RI is this Weds 0800 hrs. The latest time and date for acceptance, payment in full and registration of renounced Provisional Allotment Letters is at 11.00 a.m. on 25 June..
The discount (theoretical) when the rights was announced was approx 39.7% of the closing price on that day (approx 159p)
Since then the shares have increased in value...so if one was to buy 1600 shares share today at 170.50p.....they would pay £2728 plus commison and then on 25 June they would 500 shares. If the price stays at 170.50 they would then have 2100 sahres valued at £3580
Normally when a RI has been announced the share price drops where this one has steadily increased.
Appreciate your thoughts...the key word could be "Theoretical"