Bank of Ireland Rights Issue explained

[Brendan Burgess]

If you had two shares, you were entiled to three rights.

These were sold in the market today for around 20 cents each.

So, you had 2,000 shares, you should get €600

Brendan

 

[TomOC]

I can’t find the official information anywhere online. Anyone got a link?

You can call Computershare on 1800 930 490 from Ireland or +353 1 247 5414 from outside Ireland.

Timetable
Wednesday 19 May - Shares bought on or before this date will qualify for rights.
Thursday 20 May Ex Date
– Rights start dealing on the Stock Exchange
- Share price will fall to reflect ex-rights price

31 May 3 pm deadline for selling all your rights

2nd June 3 pm Deadline for opting to sell some rights and exercize others

Tuesday 8 June 11am - Closing date for taking up all your rights

[/COLOR][/COLOR]

With the new rights issue coming up, I am wondering has the date of "Shares bought on or before this date will qualify for rights." been reached yet? If shares are bought today, will they qualify for the rights issue? I expect the date has not been reached but would like confirmation. Thanks

 

[TomOC]

I see shareholder have approved the terms of the share issue today. How long after this happened last time, did the purchase cut off date for share rights issue come around? Thanks again

 

[Brendan Burgess]

When the details are published, we can do a new Key Post to avoid confusion with the old Rights Issue.

Brendan