Jun 16 2009
NOL Rights Issue Dates
NOL Rights Issue indicative dates are as follows:
Shares trade ex-rights: 17 June 2009 (Wednesday)
Dispatch of Offer Information Statement: 24 June 2009 (Wednesday)
Start of nil-paid Rights Trading: 24 June 2009 (Wednesday)
End of nil-paid Rights Trading: 2 July 2009 (Thursday) at 5pm
Last date for acceptance and payment of Rights Shares: 8 July 2009 (Wednesday) at 5pm (930pm for electronic)
Expected date for trading of Rights Shares: 17 July 2009 (Friday) from 9am
thanks for the update!
i have a question… speculative of course.
any idea when the NOL shares will suddenly ‘dip’? I noticed that the share price of the concerned company usually drops at a certain time of the rights issue.
NOL seemed to correct when it was ex-rights… but it was also in conjunction with the market sell-off.
Anybody keen to give some non-obligatory, speculatory advice?
Start of nil-paid Rights Trading: 24 June 2009 (Wednesday)
End of nil-paid Rights Trading: 2 July 2009 (Thursday)
Expected date for trading of Rights Shares: 17 July 2009
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lioninvestor Reply:
June 23rd, 2009 at 12:22 am
Hi James,
The “fall” in price should take place on the ex-rights date. ie 17th June 2009
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james Reply:
June 24th, 2009 at 11:29 am
oh well, it did coincide with the market fall. thanks! now let’s see if there’s another buying opportunity
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