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Explain about the announcment-Urgent theres an open election on your product in your portfolio

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dee82
Contributor
Hi there, i bought afew rainbow npl shares last week, an i see theres an announcment about election required. And i need to enter a value in the take up quantity column. Theres also a close of election date which is next week. Whats this all about, can anyone explain to me. And what happens if i dont enter a value into the take up quantity column cos the announcment said urgent, cos it doesnt allow me to enter much in....
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5 REPLIES 5
SimonPB
Valued Contributor
the RBWN gives you the right to BUY a RBW share at the take up price .. you have to do so before it expires, or sell it .. if you do neither it expires worthless .. call centre can help
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dee82
Contributor
so the npl shares what i currently hold, if i just leave it in my portfolio without entering a take-up value and it expires, il lose the shares?
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dee82
Contributor
so the npl shares what i currently hold, if i just leave it in my portfolio without entering a take-up value and it expires, il lose the shares?
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SimonPB
Valued Contributor
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