RE: Rolls-Royce rights issue and GraniteShares ETPs13 Oct 2020 14:47
Sorry, 11th Nov not 11th Oct...
As the new ordinary shares, fully paid, will only be open for dealing from 8.00 a.m. on 12th Nov [from the schedule in the Proposed Capitalisation RNS] my understanding is that trading in the current shares will continue, at unadjusted prices, until close of business Wednesday 11th Nov. On the 12th Nov the price will adjust, after the new shares have been paid for.
On the 28th Oct LSE will mark the current shares 'ex-rights' just to indicate that if you buy from that date onward you won't qualify to receive any nil-paid rights.
Based on the schedule it looks like the nil-paids can be bought, sold, traded from 8.00 a.m. 28th Oct until close of business on 11th NOV .