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Online Share Trading

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INTU PLC

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royandroy
Contributor
I see that INTU PLC are issuing a "Scrip Dividend/Application for Listing of Shares" at 50 pence which is about R10.00 INTU is trading at around R60.00. Is this going to dilute teh price?
3 REPLIES 3
THRESHOLD
Super Contributor
That is the par value of the instrument - the share in this instance. They will trade at market.
THRESHOLD
Super Contributor
That is the par value of the instrument - the share in this instance. They will trade at market.
royandroy
Contributor
Thanks for the reassurance!