FIRESTONE DIAMONDS – Open Offer
FIRESTONE DIAMONDS - Open Offer
Corporate actions letter reference: 201400764
A new corporate event has been announced on the above security.
Please note we must be in receipt of your instruction by 9am on 17 April 2014.
14/01/2014 Record date (close of business)
15/01/2014 Ex date
2 new ordinary shares of GBP0.01 for every 11 existing ordinary shares held at GBP0.03 per share.
Shareholders can apply for new ordinary shares in excess of their pro rata entitlements. With such elections only satisfied to the extent that other shareholders do not take up their full basic entitlements.
As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.
Option 1: Exercise - Basic Entitlement
Option 2: Oversubscribe
-Provide your instruction online by logging into your account www.BarclaysStockbrokers.co.uk
-Give your instructions by telephone by calling 0800 901 2911* or local dial number 0141 352 3909*
Please quote corporate action letter reference 201400764
Please ensure there are sufficient funds available by 5pm on 17th April 2014.
Option 3: No Action: (Default)
IF YOU WISH TO TAKE NO ACTION, OPTION 3, YOU DO NOT NEED TO REPLY.
We will aim to update your account within 5 business days of receiving your new ordinary shares.
Capital Reorganisation: The Company is proposing to consolidate every 10 ordinary shares of GBP0.01 into 1 ordinary share of GBP0.10, then immediately subdivide each ordinary share of GBP0.10 into 1 new ordinary share of GBP0.01 and 1 B deferred share of GBP0.09. This is subject to shareholder approval at a General Meeting to be held on 28th April 2014.
Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.
By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.
Please note that this does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.
Further details can be found under the Investors section on the Company's website at www.firestonediamonds.com
If you are an ISA or SIPP client your options may differ. Please refer to your letter or email.