In terms of the Rights Offer, the Company will offer 10 billion ordinary
shares to NUT shareholders at a subscription price equal to R0.001 per
share (“Rights Shares”), to raise an amount of R10 million, before
expenses, in the ratio of 273.72002 Rights Shares for every 100 ordinary
shares held (“Entitlement”) on the record date of the Rights Offer, being
Friday, 24 August 2018.
Extracted from NUT SENS this morning. With this subscription price, does it mean that a shareholder will not be able to sell their N shares?