I'm in the same boat as TheCleos
For good or bad, all of my shares are in an IRA or 401K at Fidelity.
I'll scale down from my 1,000,000,000 shares to make the math easier. If anyone sees an error here, please correct me. Also, if anyone sees another option, please present it.
Let's suppose I have 10,000 shares.
10,000 shares owned on October 19th = 10,000 subscription rights
Here are the options.
A.
Selling the subscription rights at about $2 per right gives me $20,000
I can take the $20,000 and buy Arcam shares on the open market (~38.00 per share today)
Selling the rights and buying at market:
$20,000 / $38.00 per share = 526.32 shares
Doing it this way I'd end up with 10,526.32 shares
B.
10,000 subscription rights / 5 subscription rights per new discounted ordinary share = 2,000 new discounted shares available for purchase
2,000 new discounted shares available * $29.186 per share at discount = $58,327 needed to purchase all available new shares at the discounted price
Since I can't pump $58,327 into my retirement account I decide to sell some of my shares at the current market price.
$58,327 needed to buy at discount / $38.00 per share today = 1,536.1 shares.
I'd need to sell 1,536.1 shares today to buy all available 2,000 new shares.
Going this route I'd start with 10,000 shares, sell 1,536.1 at market, and but 2,000 discounted shares.
10,000 - 1,536.1 + 2,000 = 10,463.9 shares
Doing it this way I'd end up with 10,463.9 shares.
The three key variables as I see it are the price the subscription rights can be sold for (this number changes daily at Fidelity), the market price I can sell my shares for before the November 6th Fidelity deadline and the current exchange rate between 240 SEK and USD. I don't expect the exchange rate to be vary enough to make much of a difference.
Using plan A
***IF*** the current market rate was $40 a share I would end up with 10,500 shares
Using plan B
***IF*** I could sell shares before the Nov 6th deadline for $40 a share I'd end up with 10,541.825 shares.
