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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..
hippy-
A split is just some housekeeping that doesn't change the market cap though, whereas a rights issue is them raising more capital.
It's just a way to issue more shares that gives existing investors a chance to avoid dilution. In principle it only matters for control (if you want to own x% for voting purposes), if the issue changes the price of your existing shares, or if the exercise is at a substantial discount.
In theory if the money raised is just added to the value of the company, it shouldn't change the price. Depends on everyone else's opinion of their plans for the money raised though.
useless
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.