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Online Share Trading

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NPL

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Nero
Occasional Contributor
hi everyone. can somebody please explain to me how the Wescoal NPL election work??
4 REPLIES 4
EkisDoep
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.
Limitless
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?
THRESHOLD
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.
THRESHOLD
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.