I would imagine a lot of original holders would have topped up -having failed to get their requirements filled.
If I remember correctly the bonus shares are only on the first 2000 shares.
So I would imagine you could sell down to a holding of 2000shares and still get the bonus.
Having said that I agree genesis is looking very well-positioned with cheap fossil fuel,capacity to increase generation substantially more than any other company,a dry year and increased demand
In order to obtain the maximum number of 2000 bonus shares on offer you need to be holding 30k shares from the IPO, 2000 shares will only entitle you to 133 bonus shares come April.
In order to obtain the maximum number of 2000 bonus shares on offer you need to be holding 30k shares from the IPO, 2000 shares will only entitle you to 133 bonus shares come April.
Like you have mate, well done ! I got scaled in both my application and my company, (somewhat cunning applying in more than one name), but topped up in the 180's last year and again in the 220's recently. Happy to hold indefinitely, will be a good dividend earner over the years.
BONUS TIME , see announcement today. Must have held in same name since IPO and right through till 16 April and get 1 for 15 free up to a limit of 2,000 free shares. I can think of one shareholder who will be very happy eh Couta1
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