Excess shares.17 Sep 2020 11:56
Hi, I’ve a quick question regarding the option of taking up excess shares on Halifax.
1. If we subscribe to excess shares ie more than our basic allowance how much will we have to pay for these? Is it the discounted price of 85p or current market value of approx 130p?
2. Where do these excess shares come from are they from those who have sold their rights and therefore for each right sold 1.5 share comes onto the market or is it from those who let their rights lapse?