Can I oversubscribe for Rights Shares or Open Offer Shares (i.e. subscribe for a quantity that exceeds my entitlement)?
Any excess share subscription application is subject to the share offer arrangement put in place by the relevant company. You may visit the HKEx’s website and examine the related documents available in the “Listed Company Information” section. If the rights issue or open offer proposal allows qualified shareholders to apply for excess shares on top of their entitlement, the related field in the instruction form will be opened for data input. Please note that excess application is only eligible for customers who are defined as qualified shareholders on the record date of the relevant rights Issue/open offer proposal. If you are not recorded as a qualified shareholder and your rights shares are purchased from the market, you cannot apply for excess shares.
Related Questions
- If my aggregated subscription instructions exceed my available holdings of rights shares or open offer shares after the Banks deadline, how will the Bank handle such instructions?
- After I have submitted a subscription instruction, why aren the rights shares or open offer shares displayed in my securities account on the corporate event page in e-Banking?
- Can I oversubscribe for Rights Shares or Open Offer Shares (i.e. subscribe for a quantity that exceeds my entitlement)?
