What is a Nil Paid share?
Nil paid shares are a separate security with an associated Entitlement that may be credited to qualifying shareholders in relation to some but not all Rights Issues. These can be a tradable security like any other but have a limited lifespan and any sale of Nil Paid shares received as entitlement to take up an offer will surrender their associated entitlement to the offer. Any details of tradable Nil paid shares will be indicated in the original notification email.
