IAG Rights Issue

🤝 Help
21

@brucery84
I can understand how it feels staying in the dark. But its every share holder duty to actively keep track of companies they are invested in. News about IAG €2.75B raise has been in the market for quite sum time. It’s only 08th Sept they declared term on right issue.
Where else Trading212 will do their part in due time to offer right to every share holder.

In this case what we can do is request Trading212 to add a new feature to send News about companies in future so we know what to expect before hand.

@Explorer2
Yes you are correct the price dropped is purely due to right Issue.
In order to avoid huge dilution going forward you have to excercise your right… its entirely up to you if you wish too.

Each new share is offered at €0.92, the entitlement is based on your current holding on 14th Sept.

You can purchase 3 new shares for every 2 shares you hold.

Current holding divide by 2 then multiple by 3. Gives your entitlement on new shares.

New shares entitlement x €0.92 to avoid dilution.

22

Yes, i’ve had them for a few weeks now. I purchased in my ISA account but have no money to buy any more, does this mean i’ve lost out on owning my shares, have they now been devalued?

23

Sorry to say, but it will be devalued at this stage.

24

Hello. Does anybody know if will we be able to sell our rights through 212? Or will we just have the option to take up the offer or not?

26

Hello @mike_weir,

You will have the options to either participate and subscribe to the rights or have them sold at a predefined date and receive the proceeds.

27

Hi @PeterA

Can we also buy right ? If someone is selling them, or trading 212 can only buy right from seller.

28

Ok, thanks for the quick reply. I assume the information will be sent out shortly on what our options will be?

29

I’m confused. I’ve lost over 50% of my value, and I can’t do anything. All because the devalued the stocks. I shan’t ever buy IAG again.

30

I believe you can sell your rights, if your ISA won’t allow you to buy more and cut some of your losses.

31

Does anyone know how these rights are made available? I am happy to buy rights as I have some cash floating around, and it makes sense, being mutually beneficial for those who don’t want to take up the rights.

32

Apologies for the novice question, I subscribed to the rights offer, how long does it take for the extra stocks to appear on my account?

33

Just spoke to a guy, and apparently, you can’t sell your rights on 212, so use or lose.

34

@vrat
how did you subscribe and where pls

35

Got an email from trading212 with a link to subscribe

36

Just got an email from Trading 212, I can subscribe till 20th of September. It will say click here to subscribe and you need to make sure you u have enough free fund. The price is at 88 per share.

37

Any idea when they will appear on the account, if subscribed?

39

*The rights issue ends on the 20th of September, the shares will be added after 7th of October.

Apparently.

40

Still haven’t received an email. Live chat was no help. Anyone else not received email ?

42

I have a fully invested ISA. Just had a terrible support chat where I am told that I have to sell shares to subscribe and I am not allowed to take my rights out of my trading 212 isa account. Is this legal? They are my subscription rights and I want to take them to an invest account.

43

Just in case, check your junk/spam folder also although mine is in the main inbox.