Investment & Investing

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hippy

If I leave it and default, what does "lapse" mean - I just effectively sell the shares I have?

If I opt-in and get rights for shares, what does that actually mean?

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andyfallsoff in reply to @hippy

I think if it lapses you are left with the shares you had before (albeit they’re now diluted as other people will hold more shares) - you don’t have to sell the ones you’ve got.

If you opt in, you have to buy some more shares so will need to pay.

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hippy in reply to @andyfallsoff

Ah, ok. Similar thing they did with Brewdog rounds. But they kind of split them automatically whereas this I have to specify what I want to do. Need to work out wtf it'll cost to hold them..

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