Hello, can somebody help and explain this rights issue? Is my understanding correct that if I hold 100 shares, I would be able to buy 50 shares at a pre-specified price that will be provided by IG over an email? If I accept this, I will get my average price down but ultimately I would still be worse off than where I was on Friday.
Also, I see we can do it over the phone or reply to the email they sent me so I guess they'll execute the shares purchase etc and won't need to do anything or is that incorrect?