Installment shares.

[gold]

I bought Woolies shares on installment a while back, the expiry date for the installment is in less than 30 days. What happens on the expiry date? How do i pay the final installment?

[barry_1]

If new installments of the same type are issued,SBK automatically rolls them over into the new installments.If u want to pay the difference and obtain the share then contact the bank upon expiary.Its usually not worth doing that unless there the shares have increased a great deal in price....Another thing that i have noticed is that on the loan stock,is that there are no further replacement installment being issued at this time.Only my opinion but i think it is better to sell them before expiary....In any case if u are not certain,contact them. OMO