Open Offer18 Sep 2020 14:25
Doesn't really sell me at the moment! I'll see what the price of share is on 25th lol
Dear client,
We're writing to let you know that Saga PLC has issued an open offer, entitling shareholders to subscribe for new shares in the company.
The terms of this open offer are:
-Ex-date: 11/09/2020
-Issue: Open Offer
-Ratio: 5 new shares for 9 shares held
-Subscription price: GBP 0.12
-IG deadline: 25/09/2020 12:00 PM GMT
What this means for your open positions
On the ex-date we will book this offer into your account at an opening price level of zero, using the above ratios against your position. This offer is not tradable in the market.
If you have a long position in this market, you’ll have the option to:
-Take up the offer. Please reply to this email or call our trading services team on the number below to let us know you want to take up the offer
-Do nothing. The offer will then lapse with no profit (this is the default)
You’ll need to make your decision by the IG deadline.