Originally Posted by
Robomo
The offer from STU is...
"Under the Rights Offer, eligible shareholders are entitled (but not obliged)
to subscribe for 1 new share for every 1.9 existing shares held as at 5.00pm
on the record date of 15 August 2018, at an issue price of $1.05 per new
share. This represents a 28.1% discount to the closing share price on the
NZX on 6 August 2018 and a 18.3% discount to the theoretical ex-rights price
(TERP) of $1.28 per share, post the Placement and the Rights Offer, based on
the pre-announcement close of $1.46."
I'm no stockmarket legend but it appears that the stock is ex-rights at 5pm tomorrow. Could Balance possibly be wrong?