LLOYDS ENGINEERING WORKS LIMITED has informed the Exchange that Record date for the purpose of Rights Issue of shares is 28-Apr-2025.
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Lloyds Engineering Works Limited has informed the stock exchanges that 28-Apr-2025 has been set as the record date for its proposed Rights Issue of shares. Shareholders whose names appear in the company's records on this date will be eligible to receive the rights entitlement. No further details such as issue price, ratio, or total size of the rights issue have been disclosed in this filing. Existing investors should watch for the official letter of offer to assess the terms.
Eligible shareholders on the record date will get the right to subscribe to additional shares in proportion to their existing holdings, which could lead to dilution if they don't participate. The price and ratio of the rights issue will determine whether it is attractive to existing shareholders.