Quick lesson.IFE and TRF are doing a Renounceable Rights Issue...

Quick lesson.

IFE and TRF are doing a Renounceable Rights Issue not a SPP.

The price of the shares will probably fall in proportion to the number of shares issued. There is no such thing as a free lunch on this one.

To be eligible you need to have bought shares prior to the close of business on 23 June and still be the registered holder on 30 June. You can sell before June 30 but your registry entry may change within t+3 settlement.