RE: Rights Issue21 Apr 2015 11:45
If it helps @GoldenOldie, you are seeing rights that you have to pay £1.66 for that you think are only worth £1.10, but that is not the case. If you pay the £1.66 for the rights before your brokers deadline (and check that date), then when the market opens on the 5th, they will be fully paid and worth the market price (£2.80 at present). I think i am right in saying, that if you sell your rights at £1.10, then the person buying them will have to pay the extra £1.66 on top, to make them fully paid. If you look at it that way it makes more sense.