RE: Share offer27 Nov 2019 13:52
Si - this this is the message from HL:
Infrastrata Plc wants to raise approximately £1 million (before expenses) to help fund the purchase of the principal assets of Harland & Wolff. To help this, the company is giving existing shareholders the chance to buy more shares.
As you hold xxxx Infrastrata Plc shares in your HL SIPP, you can purchase new shares for 0.3p each. You can choose now if you’d like to buy extra shares.
The easiest way to do this is online, and the deadline to give an instruction is noon on Monday 2 December 2019.
This Open Offer is subject to shareholder approval at a General Meeting to be held on 29 November 2019. If you wish to vote please send us your instruction before noon on Tuesday 26 November 2019.
You have two options
1. Do nothing
You don’t have to take part in this Offer. If you don’t, your holding won’t change.
2. Buy new shares
You can buy new shares in any of your HL accounts at a price of 0.3p per share.
• The new shares cost 0.3p each. You may apply for as many shares as you like, but you may not receive all the shares you apply for. The shares are currently 0.31p to buy in the market so it’s worth checking the price first.
• You can purchase your new shares in any of your HL accounts - we'll assume you're applying for shares in the account you currently hold the shares unless you tell us otherwise.
How to take part in the Offer
Make sure the cash you need to buy shares is in your capital (not income) account by noon on Monday 2 December 2019 and remains there until we debit the cash, expected to be on 3 December 2019. If there’s not enough cash we’ll only apply for as many shares as your capital balance allows.
Select your SIPP. Choose the dark blue Corporate Actions Icon alongside your Infrastrata Plc shares and follow the steps. If you want to apply for shares in a different HL account to the one you currently hold your shares in, please tell us this in the further details box.
Your new shares are expected to be credited to your portfolio on, or around 11 December 2019.
As your shares are held with Hargreaves Lansdown scaling back of elections may not be on the same terms as those announced by the company.
We will debit the full cost of your election, so if scaling back occurs the cash difference will be refunded to your account on receipt. There’s no definite date for this but it’s usually within a week of the shares being issued. We’ve based this information on our understanding of the prospectus: https://www.infrastrataplc.com/investors/documents-circulars/ issued by Infrastrata Plc.
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