FAQ – Will I get free Afritin Shares ?
23 March 2018
The 2nd Oct Afritin RNS has caused a lot of discussion on the LSE board about whether people would be eligible for Afritin shares if they bought now or not ?
This confusion is completely cleared up by the Full Circular which explicitly makes the distinction between the registration date for the 20th Oct vote (10am on the 18th Oct) and the demerger record date (6pm on the Business Day prior to the anticipated date of Admission of Afritin) which would be the date upon which registered BMN shareholders would be eligible for 1 share in Afritin for every share they hold in BMN.
As the the expected demerger date is expected to be no later than the 30th November there should be a significant window between the publication of the results of the 20th Oct vote and the actual demerger date, when shareholder can buy BMN shares confident that the demerger will proceed and that BMN shares will qualify also for Afritin shares 1:1.
Update:- The Schedule One of the 23rd November Afritin announcement states that the expected admission date is the 6th of November – this is a Monday so the last business day before this would be Friday, the 3rd of November. This is only an expected date so should not be taken as a guaranteed confirmation of the admission date.
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