SAYE and Rights Issues

- P
- Pog Mo Thoin (Remove "trousers" to reply)
  
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posted
20 years ago

Tue, Oct 14, 2003 5:02 PM

I have a SAYE option scheme for company X and I save 19 per month with an option to buy 875 shares at 82p each in 2005.

Now since these options were issued last year, the company has had a 1 for 1 rights issue at 70p per share (so easy guess which company I refer to).

How will the SAYE be affected? Presumably I should get more than 875 shares to allow for the dilutive effect of the rights issue.

Does anyone know?

Thanks.

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- D
- Daytona
  
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posted
20 years ago

Tue, Oct 14, 2003 7:20 PM

Yes there will be an adjustment - contact the scheme trustees for details. Details might also be in the *full* prospectus.

Daytona

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