On Wednesday, the 28th of October 2020, Rolls-Royce Holding PLC (RR) began trading ex-rights, meaning that the stock price was significantly affected.
Invest/ISA
The ratio for the rights issue is 10:3, which means that for each 3 existing shares of Rolls Royce (RR) held before the market open on the 28th of October, its holders are entitled to 10 subscription rights and 1 right is required to subscribe for 1 New Share. The offer is also applicable to all shareholders eligible for receiving at least 1 new share. The price for the subscription per share is 0.32 GBP (32.00 GBX).
The allocation of the newly issued shares will happen after the 12th of November. If you wish to subscribe, the amount needed will be deducted from your free funds immediately and held until the new shares are issued and distributed. If you decide not to participate, your rights will be sold on the 5th of November at the market and the proceeds will be distributed shortly after to your account.
*Once the decision is applied, the action is non-reversible.
CFD
In order to nullify the impact on CFD positions, the amount which was credited prior/after the market opening to all BUY positions was 1.44 GBP (144.00 GBX), while the same was deducted from all SELL positions. You can see the amount added in the dividend tab as a Rolls-Royce dividend.
*As of 12th of November 2020, Rolls-Royce (RR) Rights Issue has been completed! The newly issued shares have been distributed to your account."