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Viscofan Envolturas Cululosicas SA (VIS) Eur0.70

Sell:€59.90 Buy:€61.40 Change: €0.50 (0.83%)
Market closed |  Prices as at close on 27 June 2025 | Switch to live prices |
Rights Issue

Viscofan Envolturas Cululosicas SA Eur0.70

Type:
Rights Issue
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Jun 2025)

Viscofan Envolturas Cululosicas SA recently announced details of a Stock Dividend to shareholders as at close of business on 14 May 2025 with a cash option, giving you the right to receive additional shares or a cash payment. As a holder of Viscofan Envolturas Celulosicas shares, you have been issued with 1 right for each share held at the qualifying time.

 

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

 

Option 1 - Do nothing - If you do not return an election by the deadline below and take no action you will receive 1 new Viscofan Envolturas Celulosicas SA share for every 37 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 37, will lapse and a cash payment will be made in their place.

 

Option 2 - Elect for Cash - You can receive a cash payment. If you elect for this option by our noon on Tuesday 10 June 2025 deadline you will receive a cash payment of EUR1.688 per right. The proceeds will be subject to a 19% Spanish withholding tax, i.e. you will receive EUR1.36728 per right after tax.

 

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:€59.90
Buy:€61.40
Change: €0.50 (0.83%)
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 27 June 2025 | Switch to live prices |
Rights Issue

Viscofan Envolturas Cululosicas SA Eur0.70

Type:
Rights Issue
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Jun 2025)

Viscofan Envolturas Cululosicas SA recently announced details of a Stock Dividend to shareholders as at close of business on 14 May 2025 with a cash option, giving you the right to receive additional shares or a cash payment. As a holder of Viscofan Envolturas Celulosicas shares, you have been issued with 1 right for each share held at the qualifying time.

 

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

 

Option 1 - Do nothing - If you do not return an election by the deadline below and take no action you will receive 1 new Viscofan Envolturas Celulosicas SA share for every 37 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 37, will lapse and a cash payment will be made in their place.

 

Option 2 - Elect for Cash - You can receive a cash payment. If you elect for this option by our noon on Tuesday 10 June 2025 deadline you will receive a cash payment of EUR1.688 per right. The proceeds will be subject to a 19% Spanish withholding tax, i.e. you will receive EUR1.36728 per right after tax.

 

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:€59.90
Buy:€61.40
Change: €0.50 (0.83%)
Market closed |  Prices as at close on 27 June 2025 | Switch to live prices |
Rights Issue

Viscofan Envolturas Cululosicas SA Eur0.70

Type:
Rights Issue
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Jun 2025)

Viscofan Envolturas Cululosicas SA recently announced details of a Stock Dividend to shareholders as at close of business on 14 May 2025 with a cash option, giving you the right to receive additional shares or a cash payment. As a holder of Viscofan Envolturas Celulosicas shares, you have been issued with 1 right for each share held at the qualifying time.

 

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

 

Option 1 - Do nothing - If you do not return an election by the deadline below and take no action you will receive 1 new Viscofan Envolturas Celulosicas SA share for every 37 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 37, will lapse and a cash payment will be made in their place.

 

Option 2 - Elect for Cash - You can receive a cash payment. If you elect for this option by our noon on Tuesday 10 June 2025 deadline you will receive a cash payment of EUR1.688 per right. The proceeds will be subject to a 19% Spanish withholding tax, i.e. you will receive EUR1.36728 per right after tax.

 

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
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

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