I assume that those closer to this/the markets (and speculators) are judging the results of the capital raise and this is affecting the price.But it's been very volatile since.
It was up significantly yesterday and down again today.
As I sold my shares when the Rights Issue was passed, I have lost personal interest in this and assumed that Rob was correct.Depending on how you hold your shares, if you don't take up the rights issue by the deadline they will be redeemed and the proceeds paid over to you.
His shares will fall in value from around €6,600 to €1,300.Can someone explain in plain english what will happen should he not take up the rights offer?
That's incredible (and not in a good way). Given the timeframe on this (I had to take action by Monday coming with Davy's, only got their notification on Friday), there will be a lot of small shareholders that probably won't take action in time but would assume they won't be worse off. Is it possible that this is badly worded and no one is entitled to 'compensation'. I wouldn't have thought so though, these papers should've been reviewed numerous times before publication.As I sold my shares when the Rights Issue was passed, I have lost personal interest in this and assumed that Rob was correct.
But I just checked out what happens if someone does nothing and I am shocked!
Download - Aryzta
6. What will happen if I do nothing?
If your Rights are not duly exercised by 12:00 noon (CET) on 15 November 2018, your
Rights will lapse and become null and void without any right to compensation, subject
to any other arrangements made by the relevant financial intermediary maintaining the
securities account into which your respective ARYZTA Shares are credited.
So if you had 1000 shares worth €6,000 a few weeks ago, and do nothing, you will end up with 1,000 shares worth €1,200.
I had assumed that they would sell your rights in the market but apparently not.
That seems very clear to me, incredible as it may seem.your
Rights will lapse and become null and void