Yoma

Yoma: Today is the last day for the trading of “nil-paid” rights. Buying Yoma R at the last closing px of 7cts, and subscribing for the rights shares at 24cts each, translates to a total cost of 31cts. This method of transaction results in a 2ct, or 6% discount vs buying the Yoma mother shares, which last closed at 33cts. Possible arbitrage trade for existing Yoma shareholders, who may sell their Yoma shares, then buy the equivalent quantity of Yoma R and subscribe for the rights shares. Yoma R also offers longer term investors a chance to pick up Yoma shares at a discount to current px. Last date and time for application and payment for the rights shares is 22 Jun, 5pm. The rights shares will start trading from 2 Jul, 9am.