So the key point is to look out for the MOD announcement to the ASX re the Rights issue. A few days after the announcement you should receive your letter. Normally you have about 2 weeks after receipt of the letter to pay for your allocation of shares under the rights issue - I usually pay by BPAY, all the details will be in the letter including the latest payment date. If you don't pay by the cut-off date you will miss out on your allocation of shares at $0.24, unless MOD extend the Rights cut-off date (in this case I don't expect that MOD will extend the date as take up will be very strong, companies normally only extend the date when they are struggling to get punters to take up their allocations). All the info you require will be in the letter - if for some reason you don't receive your letter, call the registry or MOD as per the sample letter in the AX announcement (make sure you call them in a timely fashion so that you have time to arrange payment before the cut-off date).
MOD Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
