Thought it was 5 days which would mean yesterday
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Have had 3 term investments with HBL expire in Sept and heard nothing in writing or by phone.Phone call to local branch and was told the former staff member who handled expiring investments had left and a new person was handling it.Voiced my disapproval.
Piss poor effort from a company on the way up imo.
True,however i am unemployed and have been for a few years so circumstances in my case can change very rapidly so as per their investment statement i wish to receive either a letter or phone call from them prior to expiry.
https://shareholders.heartland.co.nz...r-document.pdf
"7.2 The Strike Price will be calculated in accordance with thefollowing formula:SP = P x EWhere:P is the volume weighted average sale price in New Zealanddollars (expressed in cents and fractions of cents) for aShare calculated on all trades of Shares which took placethrough the NZX Main Board over the period of 5 tradingdays immediately following the Record Date."
Emphasis mine.