Home > Blog > Research > Research Report: Trident Estates plc
Update following Rights Issue: Rights Offer: 2 new ordinary shares for every 5 ordinary shares held by existing shareholders (12 million new ordinary shares in total)Offer Price: €1.25 per new ordinary shareThe Rights Issue was offered to existing shareholders appearing on the Issuer’s register as at close of business on the 4th October 2019Theoretical Ex-Rights Price works out to be €1.73, which is calculated on the closing price as at 4th October. The Rights Issue, if fully taken up, will increase the issued share capital by 40% to €42 million. Existing shareholders who accept their proportionate entitlement of rights in full, will suffer no dilution to their interests in the Issuer. However, those shareholders who do not take any of their rights to subscribe for the new shares will, if the Rights Issue is fully taken up, will suffer an immediate dilution of 29% in their interests in the Company. Access the full report HERE.

Disclaimer

The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website.

Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act.