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Sacyr SA (SCYR) EUR1

Sell:€3.20 Buy:€3.25 Change: €0.026 (0.81%)
Market closed |  Prices as at close on 4 October 2024 | Switch to live prices |
Rights Issue

Sacyr SA EUR1

Type:
Rights Issue
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 16 Sep 2024)

Sacyr SA recently announced details of a Stock Dividend to shareholders as at close of business on 9 September 2024 with a cash option, giving you the right to receive additional shares or a cash payment.

 

What are my options?

 

You now have 2 options to consider relating to the rights and these are explained below in more detail.

 

Option 1 - Do nothing - DEFAULT. If you do not return an election by the deadline below and take no action you will receive 1 new Sacyr SA share for every 40 rights held. The issue of new ordinary shares will not be subject to Spanish withholding tax. Any rights that are not converted into new shares i.e. not multiples of 40, will lapse and a cash payment will be made in their place. The new shares are expected to be issued from 17 October 2024. Please note that if you choose this default option then you will not receive any further correspondence and this letter should be treated as confirmation of your new shares.

 

Option 2 - You can receive a cash payment. If you elect for this option by our 9am on Wednesday 18 September 2024 deadline you will receive a cash payment of EUR0.079 per right. The proceeds will be subject to a 19% Spanish withholding tax, i.e. you will receive EUR0.06399 per right after tax. Cash proceeds are expected from 1 October 2024 and will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

 

×
Sell:€3.20
Buy:€3.25
Change: €0.026 (0.81%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 4 October 2024 | Switch to live prices |
Rights Issue

Sacyr SA EUR1

Type:
Rights Issue
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 16 Sep 2024)

Sacyr SA recently announced details of a Stock Dividend to shareholders as at close of business on 9 September 2024 with a cash option, giving you the right to receive additional shares or a cash payment.

 

What are my options?

 

You now have 2 options to consider relating to the rights and these are explained below in more detail.

 

Option 1 - Do nothing - DEFAULT. If you do not return an election by the deadline below and take no action you will receive 1 new Sacyr SA share for every 40 rights held. The issue of new ordinary shares will not be subject to Spanish withholding tax. Any rights that are not converted into new shares i.e. not multiples of 40, will lapse and a cash payment will be made in their place. The new shares are expected to be issued from 17 October 2024. Please note that if you choose this default option then you will not receive any further correspondence and this letter should be treated as confirmation of your new shares.

 

Option 2 - You can receive a cash payment. If you elect for this option by our 9am on Wednesday 18 September 2024 deadline you will receive a cash payment of EUR0.079 per right. The proceeds will be subject to a 19% Spanish withholding tax, i.e. you will receive EUR0.06399 per right after tax. Cash proceeds are expected from 1 October 2024 and will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

 

×
Sell:€3.20
Buy:€3.25
Change: €0.026 (0.81%)
Market closed |  Prices as at close on 4 October 2024 | Switch to live prices |
Rights Issue

Sacyr SA EUR1

Type:
Rights Issue
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 16 Sep 2024)

Sacyr SA recently announced details of a Stock Dividend to shareholders as at close of business on 9 September 2024 with a cash option, giving you the right to receive additional shares or a cash payment.

 

What are my options?

 

You now have 2 options to consider relating to the rights and these are explained below in more detail.

 

Option 1 - Do nothing - DEFAULT. If you do not return an election by the deadline below and take no action you will receive 1 new Sacyr SA share for every 40 rights held. The issue of new ordinary shares will not be subject to Spanish withholding tax. Any rights that are not converted into new shares i.e. not multiples of 40, will lapse and a cash payment will be made in their place. The new shares are expected to be issued from 17 October 2024. Please note that if you choose this default option then you will not receive any further correspondence and this letter should be treated as confirmation of your new shares.

 

Option 2 - You can receive a cash payment. If you elect for this option by our 9am on Wednesday 18 September 2024 deadline you will receive a cash payment of EUR0.079 per right. The proceeds will be subject to a 19% Spanish withholding tax, i.e. you will receive EUR0.06399 per right after tax. Cash proceeds are expected from 1 October 2024 and will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

 

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
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