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Online Share Trading

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Deadline Date for Buying Shares at Rights Offer Price

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Not applicable
Hi. What is the deadline date for buying shares at the rights offer price of R1.90. I notice that the PAN NPL has been suspended. What does this mean?
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14 REPLIES 14
klapka
Super Contributor
It is finished. I think cum entitlement was 7th December? You didn't miss anything the median price between your holding and 25% one could buy in the offer was around R2.40 a share and it is less than that now. Rights offers rarely benefit shareholders IMO.
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Not applicable
Thanks. But now how do I sell "PANN"
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Not applicable
Thanks. But now how do I sell "PANN"
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SimonPB
Valued Contributor
you can't .. last trade day for PANN was Friday last ..
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Nero
Occasional Contributor
So what happen if you mist the last trade date? I did not see an button on my trade window that gave me the sell option. Does this now mean that I lost all that money??
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CHATTYCHAT
Super Contributor
What on earth does your question means? In my mind the LTD was to benefit from the rights offer - if you missed, then you do not participate... However, keep selling (or buying).
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Nero
Occasional Contributor
I cannot buy or sell it says: Share Status: Suspended (01 Jan 0001 00:00)'.
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Preston
Super Contributor
Is anyone getting data feed from OST?
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Preston
Super Contributor
Is anyone getting data feed from OST?
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Not applicable
I have exactly the same question Nero. Have we lost that money?
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SimonPB
Valued Contributor
yes, you are unable to sell them any more .. you may still be able to take up the rights (buy PAN at 190c, 1 for every PANN you hold), check with call center, but I think dates have all passed ..
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Rams
Super Contributor
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Not applicable
Thanks. If my rights to buy at R1.90 have expired, I kinda messed up big time because I bought the shares especially for this reason, and now I can't even sell PANN
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Not applicable
Thanks. If my rights to buy at R1.90 have expired, I kinda messed up big time because I bought the shares especially for this reason, and now I can't even sell PANN
0 Kudos