We’ve already sent out a platform message & subscription offer to all eligible clients. Below, I will share some details regarding this particular event and how we’ll proceed with it.
On the 28th of October, Rolls-Royce Holdings Plc commenced the subscription period of its rights issue as a part of their capital raise.
The requirement for participation in the rights issue by the RR shareholders is as follows: For each 3 existing shares of RR held before the market open on the 28th of October, its holders are entitled to 10 subscription rights and 1 right is required to subscribe for 1 New Share. The offer is also applicable to all shareholders eligible for receiving at least 1 new share (Based on the 10:3 ratio)
The price for subscription per share is: 0.32GBP
Allocation of newly issued shares will happen after the 12th of November.
If you wish to subscribe, the amount needed will be deducted from your free funds immediately and held until the new shares are issued and distributed. You can exercise your choice until the 4th of November.
If you decide not to participate, your rights will be sold on 5th of November at the market and the proceeds will be distributed shortly after to your account.
Once the decision is applied, the action is non-reversible.