If you have a long CFD position on a company that issues an open offer – an entitlement to purchase more shares for less than the current market price – then you’ll have the same opportunity to take up the offer as if you held the shares physically.
1. Take up the offer at the relevant subscription price
2. Take no action and let the entitlement lapse (in the majority of cases this is the default option)
To enable you to buy more shares, we’ll open an untradeable separate position on your behalf. It’ll have an opening level of zero, and will be called ‘[company name] – open offer’. The size of the position will reflect the terms of the offer. If you want to take up your entitlement, you can trade the new position by calling us on
010 344 0053 or emailing our helpdesk at
email@example.com or corporate actions team prior to the deadline. If not, you can let it lapse.