Noble 1-For-1 Rights Issue: What To Do Next If You Are A Shareholder

About a month ago, Noble Group Limited announced a 1-For-1 Rights Issue.

To understand what the Rights issue is all about, please refer to my previous post on
Understanding Noble 1-For-1 Rights Issue (6 June 2016);
Why Do Companies Issue Rights? Are They Necessarily A Good Thing For You? (26 July 2016)

If you are one who is still holding Noble shares, then you would be entitled to subscribe or sell off the Rights shares. Here are the next steps :

ACCEPTANCE OF RIGHTS
If you have decided to accept or subscribe to the Rights shares, acceptance can be made via:
- the Application Form (ARE) together with a Cashier's Order or Banker's Draft to CDP (the ARE is attached to the Offer Information Statement that will be posted out to you on 05 July 2016), or
- Electronic Application through ATMs of DBS/OCBC/UOB.
The last date and time for acceptance of and payment for Rights shares is 20 July 2016 at 5.00pm (via CDP) or 9.30pm (via ATM).

APPLICATION OF EXCESS RIGHTS SHARES
On top of your entitlement, you may apply for more Rights shares. You can do so by indicating on the ARE or via ATM. However, allocation is not guaranteed, refund of unsuccessful applications will be made on 3 August 2016.

SELLING OFF YOUR RIGHTS
If you have decided not to accept or subscribe to the Rights shares, you can sell off your Rights shares on the market from 5-14 July 2016. The Rights shares will likely trade under the name "Noble R".
Be sure to double-check on the quantity of your Rights shares before selling, to avoid instances of over-selling, which will be troublesome to rectify (considered as short-selling).

IMPORTANT DATES TO NOTE
These are the most important dates you need to take note of:

Despatch of the Offer Information Statement to your address registered with CDP	:	5 July 2016
Trading of Nil-paid Rights	:	5 July 2016 from 9.00 a.m to 14 July 2016 at 5.00 p.m.
Last date and time for acceptance of and payment for Rights Shares	:	20 July 2016 at 5.00 p.m. (via CDP) or 9.30 p.m. (via ATM)
Expected date for crediting of RIghts Shares to your CDP	:	3 August 2016
Expected date for commencement of trading of Rights Shares	:	3 August 2016