What is an offer for subscription?
However, unlike a rights issue or open offer, you aren’t offered shares in proportion to the number you already own. Instead, you can subscribe for as many as you’d like, subject to the terms of the offer.
With an offer for subscription, there is usually a minimum level of total subscriptions for the shares. If this level isn’t met by shareholders collectively, the offer can be withdrawn.
Similarly, if the company receives more applications for shares than are on offer, it can reduce the number of shares it allocates to each applicant, accordingly.
If a company that you hold shares in announces an offer for subscription, we'll send you a secure message. This will explain the terms of the offer, the costs involved, and how to confirm your chosen option. We’ll also let you know the deadline for when you need to make a decision.
You can read your secure messages by logging in and in the ‘My account’ menu, clicking 'Secure messages'.
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