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Thursday, May 20, 2021 1:13:21 PM
Does it mean your shares will be gone once redeemed? But the offer at $0.0014 is way cheap
Any opinion?
Offer terms
Latest Update:05/18/2021 3:16 PM ET
CUTOFF DATE: 05/27/2021 7:00 PM ET
EXPIRATION DATE: 05/28/2021 3:00 PM ET
WITHDRAWAL DATE: 05/27/2021
The Rolls Royce Group has announced a capitalization issue.
Holders of the C shares will have the following options:
Option 1- Redemption- You may redeem for cash at the nominal value of GBP 0.001
(Approximately 0.0014 U.S. Dollars as of 05/17/2021) for each share.
Option 2- Reinvest- You may elect to use the redemption proceeds (GBP 0.001) to
participate in a C Share reinvestment plan operated by the
registrar. You will be able to reinvest the Redemption proceeds to
purchase ordinary shares at a rate to be determined.
The allocation date for this offer is July 5, 2021.
Rolls Royce Group Shareholders who choose to neither redeem nor reinvest will
retain their C shares.
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