Saga raising additional funds - how does it work for shareholders on FT?

Saga PLCs price has jumped significantly today following an announcement that they plan to raise additional funds (Statement re equity raise and strategic investment).

In the announcement it says that existing shareholders will be able to buy shares capped at 15p/share. So how does that work within the platform at FT? Information greatly appreciated! :eyes:

Bump! I’d like to know this too!

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My best ‘guess’ :-

Since placing and open offers are not mandatory events nor carry pre emption FT simply might not allow you to participate as it’s operationally messy… but then again they might

I got an open offer form that I can elect to fill in from FT today, so I guess that’s how we participate…

Yup me too. Form completed and appropriate funds have been added. :slight_smile:

I did get notification from Freetrade a day or 2 after posting however I haven’t taken the option as they’re likely to be less than the offer shortly!

Yeah, currently at 0.1141 as opposed to the offer of 0.12. So I’ll just make a call before the execution date on the 28th as to whether I leave the funds available.

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