Bobabc
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I have CFD's on Hurricane Energy and I am unaware of what will happen after the takeover by Prax
Will my CFD's be included in the offer benefits? (Offer summarised below)
or am I at risk of losing my stake and more if I do not close out before the takeover and subsequent delisting of HUR?
Thanks in advance
· the Transaction Dividend of 3.32 pence per share in cash and
· the Cash Consideration of 0.83 pence per share in cash
· the Supplementary Dividend of up to 1.87 pence per share in cash and
· a Deferred Consideration Unit, which may deliver up to 6.48 pence per share in cash , plus such amount of the Supplementary Dividend Amount which is not declared as a dividend prior to the Scheme Effective Date.
The Acquisition, assuming full value is delivered by the Deferred Consideration Units, will deliver Hurricane Shareholders 12.50 pence per Hurricane Share
CFD position when company is sold
in General Trading Strategy Discussion
Posted
Company I have CFD with is subject to takeover. On the premise that bid is successful Will I benefit from the sale or am I at risk if I do not close CFD’s before share is delisted?
Thanks in advance