What happens to my shares position if the company actions a bonus issue or stock dividend?

If you have an open position on a company that offers a bonus issue or stock dividend, then we’ll open a new separate position on your account at the level of zero, using the terms of the offer to calculate its new size. Your original position will be unaffected.

What if I have a stop?

If you have a non-guaranteed stop on your original position, it will remain unaffected. If you have a guaranteed stop on your position, then we’ll close the original position at its opening level and open a new position that reflects the terms of the offer. Any stops or limits attached will also be amended accordingly, so that your monetary risk remains the same.

Please note: This information is intended as a generic example, and subject to change at any point.  It may not apply in every scenario.

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