Hi all, I am new this forum and new to the share market but have been doing my research and will soon take the plunge...
I've just been reading about Trafford Resources Limited (TRF) and their "In Specie Distribution" offer for shareholders.
The announcement details 1 ROL share for every 20 TRF shares held with a participation cut off of 26th Jan (I can't link to the announcement due to my post count, but it was made on 22 December 2009).
So, do I understand this correctly:
If I buy 20 TRF shares before 26th of Jan, I will get 1 ROL share? And if that is correct, how do I do this? Do I just place an order for the TRF shares through my broker and then receive my ROL shares at a later date?
Sorry if this question is a stupid one.. Thanks in advance for the help, I hope you guys go easy on me.