Today, the 10/09/2020, Hammerson PLC (HMRC) executed a rights issue. In order to nullify the impact on your positions, we'll allocate or deduct GBP 2.5497 per every share held before 10/09/2020, depending on your position (BUY/SELL).
- If you held a BUY position as of the end of 09/09/2020 - we'll allocate GBP 2.5497 per share.
- If you held a SELL position as of the end of 09/09/2020 - we'll charge GBP 2.5497 per share.
The ratio for the rights issue is 1:24, meaning that for every share, you can subscribe for 24 new shares at the price of GBP 0.15 (GBX 15) per share.
In order to participate in the rights issue, you must've held shares before the 10th of September. Thus, only clients who've held shares at the end of business day 10th of September can participate.
*The rights issue ends on the 17th of September. The date for allocation of the new shares is yet to be disclosed.