ASX listed FGX Bonus Issue of Options to trade under code FGXO

Highlights

  • Future Generation Australia Investment Company said that the FGX’s Options will trade under the code FGXO on ASX from 5 October 2021.
  • The Company said that all investors who purchase Future Generation Australia shares on the ASX up until 29 September 2021 will be entitled to receive the Bonus Options without any additional cost.
  • The stock FGX was seen trading at AU$1.455 per share on ASX.

ASX-listed Future Generation Australia Investment Company Limited (ASX:FGX) stated that the Company’s Options will trade under the code FGXO on ASX from 5 October 2021. In addition, the Company explained that all investors who purchase Future Generation Australia shares on the ASX up until 29 September 2021 will be entitled to receive the Bonus Options without any additional cost.

The announcement stated that each Future Generation Australia Option gives holders the right, but not the obligation, to purchase one additional Future Generation Australia share for AU$1.48 per Option, without paying brokerage fees. Besides, shares issued on Options exercised on or before 17 November 2021 and held at the dividend record date of 22 November 2021 will be provided fully franked interim dividend of 3.0 cents per share, representing an annualised fully franked dividend yield of 4.1%.

The Options can be exercised anytime, up until 28 April 2023, and the record date to determine entitlements under the Bonus Option Issue is Friday 1 October 2021, said the Company in its announcement.

Bottom Line:

The main purpose of the Bonus Option Issue is to equitably and efficiently increase the Company’s assets, grow its relevance in the market, enhance the prospect of broker and research coverage, and receive extra interest from financial planners.

ASX-listed Future Generation Australia Investment Company Limited (ASX:FGX) stated that the Company’s Options will trade under the code FGXO on ASX from 5 October 2021. In addition, the Company explained that all investors who purchase Future Generation Australia shares on the ASX up until 29 September 2021 will be entitled to receive the Bonus Options without any additional cost.

The announcement stated that each Future Generation Australia Option gives holders the right, but not the obligation, to purchase one additional Future Generation Australia share for AU$1.48 per Option, without paying brokerage fees. Besides, shares issued on Options exercised on or before 17 November 2021 and held at the dividend record date of 22 November 2021 will be provided fully franked interim dividend of 3.0 cents per share, representing an annualised fully franked dividend yield of 4.1%.

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