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Question

My rights / warrants lapsed, why haven't I received a payment?

Answer

When your nil paid rights or warrants lapse, you might be entitled to a payment. Lapsed payments are dependent on the current share price and the nil paid or warrants price when the offer closes. The offering company will sell these securities and take a commission for doing this. If there are sufficient funds, these will be distributed to you. Please note that no lapsed rights proceeds are distributed if under £5.

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