How to take up a rights issue?

• 13 April 2010

• #1

Z

Zaij

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5 February 2009

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Hey, I've got interests with a stock that's recently had a rights issue. I'm just wondering how I take it up. I haven't received any correspondance because I'm living overseas at the moment, if it's through that are there any other options?

Thanks,
Zaij.

 

• 13 April 2010

• #2

So_Cynical

The Contrarian Averager

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You usually need the personalised form the company/share registry sends out...who gets your mail? also the ASX site will have a schedule of events for the issue so you can look at that and see when it opens and closes and when the papers have been dispatched etc.

 

• 14 April 2010

• #3

S

SmellyTerror

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Can also depend on your broker. Eg: IB (like lots of non-Australian brokers) hold the shares in their name, so to take up the issue you just need to tell them.