Tomorrow or December 22 is the ex-date for FGEN stock rights. You should have FGEN shares today (December 21) inorder for you to participate in the stock rights. FGEN offered 2.14Bil shares to existing shareholders at a ratio of 1.756 shares for every share held at Php7.00/sh. The rights shares will be listed on January 22, 2010.
FGEN adjusted price for tomorrow is Php 10.25 computed below:
For example you have 100 shares today.
100 shares x Php15.75 = Php1,575
(100 shares x 1.756 ) x Php7 = Php 1,229.20
Total Cost = Php 2804.20
Divide by : (100 + 175.6) shares 275.6
Adjusted Price = Php 10.17 rounded off to 10.25
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