RE: Lapsed Shares25 Nov 2020 17:16
Well unless your rights are worth less than £5.00 then you should get the proceeds ..... unfortunately there is no date - My broker told me to look out the RR announcement in this regard.
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-RESULT OF RUMP PLACING
12 November 2020
Following the announcement earlier today regarding valid acceptances under the fully underwritten 10 for 3 Rights Issue announced by Rolls-Royce Holdings plc ("Rolls-Royce" or the "Company") on 1 October 2020, the Company confirms that BNP Paribas, Citigroup, Goldman Sachs, HSBC, Jefferies, Morgan Stanley, Crédit Agricole CIB, Santander, SMBC Nikko and Société Générale (the "Underwriters") have successfully procured subscribers for all of the 375,096,792 New Ordinary Shares for which valid acceptances were not received, representing approximately 5.8 per cent. of the total number of New Ordinary Shares to be issued pursuant to the fully underwritten Rights Issue, at a price of 90 pence per New Ordinary Share.
The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Rights Issue Price of 32 pence per New Ordinary Share and the expenses of procuring subscribers, including any applicable brokerage commissions and VAT which are not recoverable) will be paid (without interest) to those Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 will not be paid to such persons but will be aggregated and will accrue for the benefit of the Company.
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