You will recieve one share of CHORUS for every 5 shares of your existing TELECOM shares. Thus you will own shares in two separate companies. See below...http://www.bloomberg.com/news/2011-08-30/telecom-new-zealand-falls-after-split-details-ceo-s-departure-announced.html
It nice to see a split five share of NZT for one share of chorus but aneyone know at what price will chorue are going to be.
It would make sense that the price for the new NZT and new Chorus should equal what the current NZT is trading for, but I'm not sure as to the split values.
Thanks. What do you think the new shares will be priced at?Is chorus an actively traded security?Give me. An example of what you feel the prices will be use 100shares of current nzt stock as an example. TIA
1 NZT is already 5 of the New Zealand Telecom shares, so we should receive these on a 1 for 1 basis.