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Online Share Trading

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NPL

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Occasional Contributor
hi everyone. can somebody please explain to me how the Wescoal NPL election work??
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4 REPLIES 4
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Frequent Contributor
If you have Wescoal shares you should have received a number of NPL's relative to the number of shares you have. You can either sell the NPL's or you can use them to buy more shares.
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Contributor
i dont see the value in it... you can buy the share for approx 120c on the open market, whilst the NPL is 132c... unless i'm missing something?
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Super Contributor
There is no value - which is why there are no buyers for the NPL's. They are on offer at 1c. The price you speak of is their take-up price.
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Super Contributor
There is no value - which is why there are no buyers for the NPL's. They are on offer at 1c. The price you speak of is their take-up price.
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