TLW Rights Issue

[Guest monkeh999]

Hi,

 

I was notified via email that the TLW rights issue would require me to hold a certain amount of money in my account on a particular date. The email was pretty vague about when that date was. Is there any further update for this?

[Guest RobertR]

Hi  thanks for getting in touch!

 

As long as you've got the funds available in the account before the payment date of the corporate action you'll be absolutely fine.

 

Specifically to the Tullow Oil PLC rights issue, this is 25/04/2017, so I'd recommend having the funds in there on the 24th at the latest as it'll usually take effect first thing in the morning on the 25th.

 

Apologies if the email wasn't very informative. I'll be sure to get that checked by our corporate actions team.

 

Thanks,

 

Rob