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Re: None

Monday, 10/30/2017 4:52:40 PM

Monday, October 30, 2017 4:52:40 PM

Post# of 6624
Vanguard have also told me as a US shareholder that is not a QIB that I can't participate in the rights issue.

I tried to argue that since I held these no doubt in an omnibus account and that it's likely the custodian was a QIB that I should be able to get them to instruct on my shares to exercise my rights. They said they couldn't and that effectively I'd just have to wait till 9th November and take the cash value of the rights.

I'll have a chat with some colleagues but I suspect that US regulations have made it too onerous from either a tax or compliance perspective for this to be extended to US shareholders.


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