Retail Offer30 May 2024 16:23
Hi
I bought POLX years ago at 60.75 for 2500 sheets as a punt. Obviously not a great decision at the time :)
I’ve never averaged down. But I saw on my portfolio this offer
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 Polarean Imaging plc at GBP0.01 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 following the new shares pay date.
New shares will be issued to accounts upon receipt from the company. The official pay date is 18th June 2024.
Entitlement
2,250.00
I’m thinking if I take option 3, I’ll get 2,250 new shares on top of 2500. Is that right?
And I can buy say another 1000 to bring my average to approx 43p?
Thanks for taking the time to read this.
GLA