Ask Colin

In relation to bonus or rights issues what is an "ex-issue" date?

"Ex" is Latin for "without". Shares purchased from the start of trading on this date do not have the entitlement to participate in the free issue of bonus shares or the entitlement (right) to subscribe to the new issue of shares.

If the rights issue is renounceable, the rights will now trade separately on the ASX.

Keywords: