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Sri Lanka Equity Forum » Stock Market Talk » Amana Rights Issue

Amana Rights Issue

Go down  Message [Page 1 of 1]

1Amana Rights Issue Empty Amana Rights Issue on Tue Mar 29, 2011 9:58 am

evarts


Stock Trader
I got a letter from Amana stating that I'm entitled to 3,000 shares @ 1.50 per share.

Does this mean that I get to purchase 3,000 shares @ 1.50 each and sell it @ the market rate?

Appreciate if anyone can clarify....

2Amana Rights Issue Empty Re: Amana Rights Issue on Tue Mar 29, 2011 12:20 pm

sugandika

sugandika
Equity Analytic
Equity Analytic
You can either sell your rights (lodge) or purchase them later.
Can an expert please explain further? (as I'm also a new member and don't have adequate knowledge to explain it)

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