Hi Shi, did you manage to get any clarity on the subscription cost of these rights?
I am on the FNB platform and I phoned them this morning regarding taking up my rights. The guy I spoke to was adamant that the actual cost would be 0.01 cents and not 0.001 cents as released in the SENS announcement
That's a huge difference. So if 1mil shares, its the difference between a subscription cost of R1000.00 vas R10 000.00
I believe it is 0.001 c and one should not look at the current price of the N shares. This is why I didn't think one would be able to sell the rights. Also, check out this morning's SENS (where a Director took up his rights) which confirms to me the 0.001c subscription cost.